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 Web References

  1. 1. San Fernando Valley Business Journal Online
    www.sfvbj.com/industry_article - [Cached]

    Published on: 4/15/2005   Last Visited: 4/15/2005

    In a subsequent conference workshop about affordable housing, moderator David Bleich, the director of CSUN's Center for Real Estate, told an apocryphal story about a college student who graduated in 2000 and determined to save $1,000 a month in order to afford the cost of a down payment. Five years later, he had saved $60,000, enough for a down payment on a $250,000 home, but by then median home prices had risen to over $400,000.

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