My town is full of entry-level condos/townhouses for the first-time buyer, so there are a lot of subprime borrowers here who are going under right now. The few luxury condo complexes are doing much better.
My apartment complex is raising their rents a bit. I got my unit in May 2006 for $750, and a B&N co-worker and her boyfriend got the same unit in a different building a few months ago for $850 (mine's gone up to $775).
Speaking of housing, congrats on your place selling, SuzyQ!!
Re: the rental discussion we had last week - my studio apartment that I rented for $995 (and now pay $1011 on) will be renting for $1295 once I move out. The market for studios and jr. 1-bedrooms is tighter than I thought.
I assume SF incomes are proportional(ish) with rents? Because I read $1295 and actually thought, "For *only* one month?!?"
t /lives in Ohio, paid $585/mo for a 1-BR
Or possibly my income is closer to the poverty level than I had previously thought.
oh, Suzi, YAY!!!!!!!!!!!!1!!!!!
Prices in my 'hood, especially on my street, have seemed to have leveled out and not dropped too much from the high of 18 months or so ago. But houses appear to stay on the market longer.
I'm paying $750/month for a house, but the landlord is a good friend. Bless his bear-ish heart.
Since I don't get paid per page (and don't have any idea -- probably a good thing that I don't -- how many pages I edit per year), I can't extrapolate that into per year.
Plus math is hard!
t /Barbie
I pay too much in rent, which hurts a lot right now.
Watching so much tennis I keep getting snippets about the Mitchell report. How do MLB fans feel about these claims/revelations?
I assume SF incomes are proportional(ish) with rents?
Ish. People in NY and SF spend a much higher percentage of their income on housing than the rest of the country. (~50% vs ~30%, IIRC.)
Or possibly my income is closer to the poverty level than I had previously thought.
I remember some years ago a friend in LA descrbing his paycheck-to-paycheck cramped studio apartment living situation, and then I found out he was making more than $15K a year above the salary that was keeping me in a pretty airy 2BR apartment with lots of disposable income. Varying regional costs of living make a big difference.