I hate the term real estate. It's cold and business-y, everything that tends to make me hide under the bed. What I write about is space: homes, cafes, places where you can do work, pet the cat, and Google your next-door-neighbor from 10 years ago. I write about places. And I like to do it from a personal perspective.

Wednesday, November 02, 2005

Got $100K?

You'll need it to buy a median-priced home in California. Looks like there's about an even chance of getting hit by lightning and owning a home, for many if not most state residents.

Should this be decried or celebrated? What might shifting to a renter's market mean?

It could mean people become less tied to their property and more strongly fixed on other things. As owning your own home -- the much-vaunted American dream -- evaporates, something else might take its place. Something with just as much, if not more substance.

It's a thought.


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