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Real Estate
Reply to "Should We Be Scared--Housing Prices Tied to the Federal Government? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I see a lot of friends with government jobs here making more than private sector doing the same thing. They also get a location increase (since this is a high cost of living area)- and for some they get an allowance every month for living expenses. So we rented an apartment in the same building as a friend. His cost nothing out of pocket for him because it was in his "allotment" from the government. Ours cost almost $3k/month. We were dual income- he was single income- yet his spending power alone was much greater than ours for that very reason. So when jobs like his get canned- or at the very least those benefits are reduced... don't you think that would be a bubble waiting to pop?[/quote] What kind of federal employee are you talking about? Our COLA is minimal and no one I know, except military, gets an "allowance" for living expenses.[/quote] Wait, we don't even get a COLA.[/quote]
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