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No average income gain during Bush years
#9
AAA wrote:
Houses are cheaper now. So, income remains same, people can afford more house.

I purchased my home in 2000. Nine years later, it's value is still double what I paid for it in 2000 (at least according to the appraisal I had back in May). My annual raise from 2000-2007 was 2.8% annually. In 2008 my employer instituted a wage freeze, and for 2009, I am enjoying 15 days of unpaid furlough.

There is no way I could come up with the 10% down payment for my house if I had to buy it again.
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Re: No average income gain during Bush years - by the_poochies - 09-11-2009, 06:07 PM

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