Russell Chapman wrote:
> 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.
The influx of people into the area during the economic boom? The
outlay in cash to start up a new facility in a region where real
estate was going through the roof? The difficulty in finding
trained day care workers that could afford housing? I don't really
know.
>
> 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).
It's regional, but the region is pretty big. My brother in law
recently bought a house in Modesto over 100 miles (170 km) from
where he works in Sunnyvale. He paid over $200,000 for a new 1500
sq. ft. home on a postage stamp lot. He works swing shift
(3:30-midnight) and carpools so his commute time is only about 3
hrs./day.
--
Doug
email: [EMAIL PROTECTED]
http://www.zo.com/~brighto
"Labor is prior to, and independent of, capital. Capital is only the
fruit of labor, and could never have existed if labor had not first
existed. Labor is the superior of capital, and deserves much the
higher consideration." A. Lincoln's First Annual Message to
Congress, December 3, 1861.
