Stimulus Plan Aids Buyers of High-Priced Homes – New York Times
Prices are still high; the California Budget Project, a public policy advocacy group, estimated that a family would need an annual income of $196,878 to afford the median-priced home in San Francisco.
Excellent. I know that some whiny people are trying to spin this as a bad thing – but frankly, I don’t see how that could be. The higher the number the better!
Personally, I hope to see this go to $250,000 next year… and $300,000 by end of 2011. Then finally the Bay Area has a chance of beating our #1 competitor: Manhattan!
Let’s focus! Quick! Everyone to their 0 down, option arm battle stations!
We’re already on track by some benchmarks:
We’ve already crushed Long Island and Honolulu and most of SoCal – all fake expensive places to live. I wish the NY Times would’ve broken out Manhattan separately so we could see the target, instead of hiding it with the Bronx, Queens, and Hoboken.
We’re getting closer…