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T[_1_]

In article >, says...
> T > wrote:
>
> >In my case I'm making close over twice what they did, yet I cannot
> >afford the mortgage on a home in my area. The average is now over
> >$250,000 for a shack.
> >
> >Damned baby boomers are the problem.
>
> Baby boomers are not the problem; U.S. real estate prices are
> high because of the decades of trade deficits. All those
> dollars sent overseas have to come back into the country one
> way or another. Foreign ownership of U.S. real estate and
> U.S. companies is the inevitable result if the U.S. isn't
> exporting enough products, as a result real estate is squeezed
> up in price.
>
>
> Ask any high-end realtor.
>
>
> Steve

That may be part of it, but how did the trade deficit get so large? You
got it, the baby boom.