the average house in Detroit is worth 60K
Way up from the 2008 crash but still a very depressed market.
In fact I thought about the opportunity, but then the
likelihood of getting burgled or assaulted now and then
decreased the appeal considerably.
RH That same house in Boston would be 300K, is my guess.
More like 4 or 5, but who's counting.
I have quick and easy access to housing stats throughout North
America. The median price in Boston is $585,000.
I'd believe that ... so 5 or 6, but this really was a
pretty crummy house.
tack another 100 thou on the front in San Francisco.
You underestimate: the median price is currently $1.3M.
Your national average cost to build is $150 psf. The rest is land
value which is based on location desirability more than actual
development costs. In other words people prefer to live in San
Francisco than Detroit for some reason, given a choice.
You can't get cioppino in Detroit?
Something else from there that's pretty rich ...
Title: Crab Cioppino
2 Whole live crabs
Recipe By: Alioto's #8, San Francisco
Those of course were Dungeness. Carol Bryant accompanied me to
San Fran once, and the dinner at Alioto's was, though pretty
good, one of the least of our meals there. She had the cioppino,
which came with half a smallish Dungie.
... A rich man is nothing but a poor man with money
Didn't Hemingway say that to F. Pretentious Scott Fitzgerald?
+
of us laugh at "One Percent Problems".
It's the 0.1%ers who are truly obscenely wealthy.
Actually, the 1% are obscene enough; making the distinction is
about as instructive as pink vs. frontal.
According to various sources including the Wikipedia article
Affluence in the United States, the average member of my high
school and college classes would be a 5%er with many 1% and a
sprinkling of 0.1% in both. My average nonmusical nonecho
friend is a 10%er. The really rich ones tend to count pennies
far more carefully than I do and than you or I would be
inclined to think.
We occasionally talk about 1%ers in Canada but it's not a big deal as our income and wealth spreads are not as skewed as yours.
Our minimum wage here is $11.50 to $15 per hour depending on what
province or territory one resides in and of course health care is
universal and free, so our take home pay goes further.
The fiscal status quoers in the US would point to your
system of taxation and say, ours is better (for them it is).
The average income is $48,400 and the 1%ers make $477,700.
Which is bad enough.
Our federal income tax is 33% of taxable income over $210,371 and
the NWT territorial tax is an additional 14% for a total of 47%.
Not confiscatory enough to cause the postulated dampening
of creativity and industry.
So we don't have your highs or lows.
I don't think equal opportunity exists, because status quo
doesn't work that way, but yours is no doubt better than ours.
MMMMM----- Recipe via Meal-Master (tm) v8.02
Title: Rich Chocolate Caramels
Categories: Candies, Kooknet
Yield: 1 servings
1 c Granulated sugar
1 c Brown sugar; packed
1/2 c Corn syrup
1/2 c Half-and-half
2 Sq. unsweetened chocolate;
-1 oz each
2 tb Butter or margarine;
-cut in pieces
1 ts Vanilla
Place sugars, corn syrup, half-and-half and chocolate in large heavy
saucepan. Bring to boil, stirring to melt chocolate and dissolve
sugar. Reduce heat to moderate and continue cooking, stirring
occasionally, until syrup reaches 248F on candy thermometer
(firm-ball stage). Remove from heat. Quickly stir in butter and
vanilla just until blended and butter melts. Pour into well-greased
8x8x2" pan. Cool; cut in small squares. If desired, top each square
with pecan half or almond slivers. Wrap individually in plastic wrap
or foil. Store in cool, dry place. Makes about 1-1/2 pounds.
From Woman's Day 3/15/79 Collector's Cookbook - Chocolate
MMMMM
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