Lehrer on the boom
News Hour with Jim Lehrer recently ran a fascinating segment about the real estate boom in Southern California and some of the problems facing the lower income segment of our society.
This segment highlights the concern that I have pontificated about many times on Gulf Returns about income gains not keeping pace with rising housing costs. At some point this has to matter, temporary fixes like interest-only mortgages do not resolve this growing disparity.
Real Estate Boom [ News Hour with Jim Lehrer]