Doug wrote: > A final note; things are changing. The Bush recession <G> has caused > a modest downturn in the real estate market. The median price for a > single family home is probably below a half million now. A friend of > mine at work says that the child care situation isn't nearly as bad as > it was just a year ago. He says where once there was a waiting list > of several months, there are now openings. > Why is there a shortage and high costs for a protracted time - surely more and more people build/convert child care facilities and open new centres to meet demand? Isn't that the capitalist American way? I would have thought that either (a) child care costs are high, until new centres open, or (b) care places don't increase because there's no profit in it, until waiting lists push prices up.
Cheers Russell C. And on the house thing - that's a regional anomaly, right? Surely families nation-wide aren't looking at that sort of commitment to own their own home (and accompanying mortgage).
