02-12-2021, 07:02 PM
(02-12-2021, 05:32 PM)vbin Wrote: @Otter March 31st isn't far. The uncertainty can create a pullback( I hope so). I will be watching. Agree on property prices. Rates all time low, stocks all time high so folks shuffling from stocks to property. Bay area good schools multi million dollar homes selling like hot cakes. $100-$500k above asking. So what u said about 2 parallel system is true. Mostly assets have gone up( seen inflation).Your comments regarding housing cost variance around the country just boggles my mind. My 2200SF 20yr old house isn't fancy, but it's modern enough on an acre lot and about the best school district in the state. The job market is fine, union and professional. I bet it would take me a year to sell my home for $200K. Maybe even less. Sounds like that's the impatient buyer upcharge in SF.
I'll be interested in the minimum wage debate outcome. A couple making $15/hr could scratch by and buy a modest home in quite a few states. Sounds like a single person would be homeless or in government subsidized housing in a major city. Military or Federal civilian employee pay has been regionally adjusted since forever. No reason why that couldn't work for minimum wage. A flat rate nationwide minimum will not. High enough in NY will indeed kill jobs in Mississippi and many other states. And here we are with a $7.25 Federal minimum wage that hasn't been adjusted for maybe decades? Or maybe it actually is a state's rights thing? I'm not a victim of it but that doesn't seem to be working.