[Hugh R]

Jeff (POP), I think a lot of posters here don't live in an area like Los Angeles. The cost of housing here, even with the recent price adjustments is a huge portion of the family monthly pay check. I love how the feds tax people on their adjusted gross, without regard to how much it costs to live somewhere. You make $100K in many parts of the country your doing very, very well. In LA that won't qualify you for a conventional loan on an average house. Here an average house is about $475K and its a 1950 or 60's tract house with about 1,200 sq. ft. and a 50'x 100' lot if your lucky. My sister makes almost a much as me and she lives in Kentucky, outside Cincinnati, and she bought an average for the area house there for $105K last year. I think her housing costs, as a percentage of her pay check is a fraction of mine.