Maxwell wrote:

"Mxsmanic" wrote in message
...

Marco Leon writes:


Yes, and yes. While I don't think that the reasons you mentioned are the
primary reasons, I do think they play a part. Salaries are indeed higher
but
so are the housing prices. A "starter" house in Long Island, NY for
example
is around $450K. Paying for that mortgage while bringing up a family
leaves
little room to blow $7K on a year's worth of flight training.

Forty years ago, a "starter" house might cost 1.5 times the annual salary
of a
person in the middle class. Now it may cost ten times the annual salary
of
such a person (although the middle class is disappearing).



Then someone is buying way too much house!



I like to watch these "Flip this House". I would call them entry level
homes (1100 sq ft) and they can go for $400,000 in LA, SFO area. I am
not sure saleries are up there for the young starting out. My kids
bought 40+ year old homes in the Fayetteville, AR area and I was amazed
how much they had to spend - getting close to $100K and these were in
the 1300 sq ft range. They are not lawyers or engineers.

--

Regards, Ross
C-172F 180HP
KSWI