And housing costs in the region will likely soar about 2,800 percent from $477,000 now to $14 million in 2057, reports WTOP. Gasoline dropped in price six cents this week so it will be free in 50 years.
"We already have an affordability problem," said George Mason University professor Stephen Fuller, who directs the school's Center for Regional Analysis. "But this is really scary. It is going to take 11 times the average household income to afford the average-priced house." Ya right.
Anybody want to buy a bridge? How about the Washington Monument?
June 4, 2007
Dow To Hit One Million in 50 Years.
Posted by dcbubble.blogspot at 3:22 PM
Labels: marketplace
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