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Comments:
<0> 2 bdr/1 ba fixer upper here starts at 450-500
<1> l0c0: yea, but that's 25 years.. I bought two townhomes for 95k and 105kish.. and sold for 275 and 325 less than 5 years later
<2> I saw a 1/4 arce lot of sand on the outter banks sell for $500,000
<3> Linus-: Average household income DID fall. But again, since MEDIAN income rose -- you know, the point at which half the population makes more and half the population makes less, the fact that mean income fell while median income rose indicates that it was not the middle-cl*** that got hit but the upper cl***.
<4> Linus - you oughta move
<4> that's insane
<3> Linus-: but it's touching for you to all of a sudden have so much concern for the well-being of the upper cl***. :)
<2> 20 years ago you could have bought that same lot for probably less than $5000
<4> worse than boston
<1> The income of the upper crust slowed down in the last ~4 years. I.e. stock options are not as $$$ as it was during the mid 90s
<5> California real estate is inflated
<5> crazy numbers for homes out there
<0> DiscoTaco, median income rising doesnt necessarily mean the richest descended
<5> 1 million for a mediocre house
<4> just crazy there
<3> California is becoming a playground for the rich.
<6> jimmy carter was good for the economy
<0> it likely means the the upper end of middle cl*** pool swelled
<0> DrDetr0it, no kidding
<3> Linus-: not by itself, no. But rising median income with falling mean income is almost certainly explained by falling income at the upper end of the income scale.
<7> Linus-, how did you fools get in a position like this? ---> [10:23] <0> 2 bdr/1 ba fixer upper here starts at 450-500
<0> i will never buy home here
<0> TheTailor, god only knows
<4> if things slide
<4> you could be in debt big *** time
<0> its absolutely insane
<5> same home i can get here in Florida for 300k would cost about 1 million in California thats sick!
<4> imagine locking in for a 750k mortgage - things take a turn and now it's a 500k house
<5> and taxes in Cali will kill you
<0> disc, that's where we don't agree
<6> nothing like sleeping in a card board box the new fridge came in.....lol
<3> Linus-: what other possible expnanation is there?
<8> CableGuy add another 25k and you could put tie downs on that trailer! :)
<0> since the top 1% hokd so much wealth, them backsliding is unlikely to affect the median at all
<4> it's 25k just to look at a hosue in cali -! jk jk
<0> since they are so small in number
<5> but real estate has increased more than any other year the past 3 years
<0> hold
<5> the market is crazy now
<3> Linus: it doesn't affect the median much at all. It *DOES* affect the MEAN, disproportionately.
<6> that's becuz of those crazy dems in washington
<8> mikeeee where are you? I mean what state?
<1> Well, I just purchased a huge house on ~5 acreas on a large lake, with a large boathouse/workshop.. just over 1mil.. it'll probably cost me ungodly amount in california..
<9> where Lupine?
<1> Disco: I suspect he does not know the difference between average/median/mean, etc
<5> i paid 110k for this home 3 years ago and it worth 300k now, i am mortgage free since i paid what owed in 2 years
<10> anything lakefront is a million
<6> I am in Maine
<0> disco, well, reports of ceo's receiving golden parachutes don't seem to bear out your theory
<1> sals: between orlando and Kennedy space center
<8> mikeeee ahhh ok, now I understand. lol
<10> I can buy 600 acres of farm land and make my own lake for less than the price of a 1/4 acre
<10> lake front
<6> ty Tomm--
<0> i suspect Lupine ***umes too much
<3> Linus-: CEOs make up a miniscule portion even of the rich. Anecdotes can go either way. You can't argue with the aggregate statistics though.
<8> frozen brain!!!! :))
<9> Lupine, you paid one million dollars cash for that house?
<6> pretty dam cold here right nopw
<0> disco, oh i see, i can't use your argument against you
<11> sweet! "Unleashing 10-User Conferencing in Skype 2.0 for Windows" http://maxxuss.com/home/skype.html
<10> I'll sell off 200 lots for 800K a piece
<0> :)
<3> Linus-: I'm arguing with aggregate statistics. You're arguing with anecdotes. The former wins every time.
<1> sals: Yes, I now own three homes, two still in Weston.. and NO mortgage.. no debt at all. :-) not even a $12.95 balance on a credit card.. MWAHAHAHAHAHA
<8> I read some where that men who live in frigid climates have severe shrinkage. Is that true?
<3> bbl
<9> how did you afford to pay 1 million cash?
<0> you haven't shown me any stats, you yourself amdmitted some ***umptions along the way
<6> only if they stay outside to long
<12> LSD_Wash is banned (Requested by TheTailor )
<8> lol
<1> Sals: I had previously owned six houses in Weston, well 2 townhomes, 4 single family
<1> bought preconstruction, sold high
<8> Lupine Weston M***?
<10> million dollars here buys you a 2 bedroom shack with one bathroom on the lake
<10> $50 a year in taxes
<9> and you bought all those homes with cash too?
<10> 50K
<7> WotGorila,where?
<1> No, Weston Florida.. between Ft Lauderdale and Miami.. 300-350% return in under 5 years
<1> sal: Naw, had 2 jumbo interest only mortgages
<6> if the homes don't get blown away in hurricane...lol
<10> lots of places went up 300% in value
<9> 2 jumbo loans on 6 houses?
<1> mike: hahaha.. Hurricane Wilma added $150k to the value of the last house I just sold.. one of the very few that had power/water/phone/internet/etc
<6> was it the only home left in the hood?
<0> August 31, 2005 Although the economy expanded solidly in 2004, the inflation-adjusted income of the median household was unchanged and remains $1,700, or 3.8%, below its most recent peak in 1999, according to yesterday's release by the U.S. Bureau of the Census.
<1> mike: only had 3 cracked tiles of damage
<6> see what a gr8 job bush has done for the economy
<13> worlds first laptop
<8> Lupine this mike guy is a sarcastic sob....he bears watching!
<13> http://oldcomputers.net/osborne.html
<13> numero uno hehe
<0> The real income of the typical household has fallen five years in a row, despite the fact that the last three of those years2, 2003, and 2004have been years of economic expansion.
<8> 19 minutes before its beer time, I never drink before noon....tick tick...
<1> Linus: median is not very meaningful. You need to look at the average, or mean
<6> bush had to straighten out what clinton ****ed up
<1> median != typical
<1> linus: do you not know basic statistics?
<1> TomM: that's not what sting says..
<1> he says the first thing when you wake up after a night of hot *** with him, is you roll over and get a beer
<8> Lupine is nothing sacred? :)
<0> lup, I'm not the one pushing the median income stats
<1> linus: yes you are, you are the one quoting them.
<0> I'm quoting them to counter another's ***ertions about them
<8> here we go, my stats are better than your stats...
<6> tick tick tick for tomm--
<0> i didn't introduce them into the thread
<8> 16 minutes.....
<1> TomM: yes/no. one first needs to know what a particular statistic *means*
<14> w
<6> give me a stat lup
<1> TomM: oh wait, that's right. Sting said that you'ld often have to sleep in to 3pm you were so wiped out from teh hot ***.. so yea, guess you do drink after noon then
<6> i'll take the hot *** than a stat tyvm....lol
<1> mike: the median value is the middle value of a distribution of a set of numbers. it is not a calculated value, like an average, mean etc
<0> Lupine, we aint idiots
<0> quit patronizing
<1> linus: well, since you seem to now recognize the differnces.. i'ld say, yes, you are an idiot. at least with basic math
<6> i need a specific stat lup
<7> haha
<0> you haven't followed the conversation from its outset
<1> now=not ugh
<1> linus: that is hardly an excuse for your lack of knowledge
<0> if you had, you'd know that we already agreed on the meaning of the terms
<8> Lupine...why do you insist on making me cry. It is cruel to expose my personal life on open channel. Stingster and I have a special relationship, as do Twobar and I and when drunk US Male, and I might add IamKing...:)
<7> Slut
<1> TomM: it's not that I insist on making you cry.. it's just that I insist you provide your own lubricant ;-)
<11> TomM--: I'll be the one in the other room remote-controlling an anal probe on your *** ;)
<8> rofl!!!!
<2> btw: http://www.ircpolitics.org/gallery/kobushi-insightdash.jpg :P
<6> statistics say hillary clinton will be the next president if cheney doesn't quit as vp and bush could appoint mitt romney as vp.....lmao
<6> mitt for president in 08
<1> mitt romney?
<0> mittwit
<2> I'm going to vote for Luke Skywalker
<6> mitt the olympics king
<0> romney alan ripney
<15> See, that should show that statistics are not always a true indicator
<1> I'll write in "al gore" yet again, until he has enough votes returned that was stolen from him in 2000
<2> lol
<6> lup say s they are true michigan
<11> Condi 2008!
<0> give it up
<15> Condi!!!
<0> she aint running
<9> so Lupine you rode the wave of real estate investing; buying and selling, until you accumulated more than a million dollars?
<8> Condi???? LOL
<1> well, should the GOP lose the presidency.. I'ld love to see cheney step down, bush appoint Condi.. then Bush step down.. making Condi the first black and first woman president
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