Mmmmmmmm...bankruptcy

April 5, 2004 8:52 AM

Two Incomes Equals...Bankruptcy? Following up on the price of real estate from yesterday's links is this book. Professor Elizabeth Warren, leading bankruptcy expert, says that rising fixed costs, and not consumption, lead to bankruptcy. Considering that it's $830,000 for the average home, is she on to something here?
posted by BurnedEve (8 comments total)

The only content link you have was discussed yesterday. Are you an eventual Warren pimping the fam with the book link?
posted by headspace at 9:01 AM on April 5, 2004

Bad post, Eve. It's a nice discussion topic, but take it to Ask, if you're really just curious.

Amazon Links = not the best of the web.
posted by psychotic_venom at 9:08 AM on April 5, 2004

This $830,000 "average" home price being tossed around is perhaps a little out of line. While this figure may be near the median in a handful of affluent communities, the median in Los Angeles County (for example) is closer to $400,000.
posted by malocchio at 9:12 AM on April 5, 2004

I think the blue discussion you want to read is here.
posted by blueshammer at 9:14 AM on April 5, 2004

I don't know what all is included in 'fixed costs', but if you all think your employer's health insurance will keep you out of bankruptcy court in the event of a catastrophic or chronic health condition, you are probably wrong.
posted by mischief at 9:19 AM on April 5, 2004

Nope, different Warren, headspace. Take the conspiracy theory elsewhere.

Also, not quite sure how this is a bad post? Been reading Metafilter for three years and fail to see how I'm out of line by posing the question.
posted by BurnedEve at 9:53 AM on April 5, 2004

Oh and thanks blueshammer...did a search for it, but didn't see anything on it.
posted by BurnedEve at 9:56 AM on April 5, 2004

It's a bad post because we can't discuss it without having read the book. It may be a fantastic book, but it's not the best of the web.
posted by headspace at 10:02 AM on April 5, 2004