See more here

Recent reviews by ALYCIA B.

What's this?

PAUL DAVIS RESTORATION

https://picasaweb.google.com/acreativejob/PaulDavisRestorationAlbuquerqueNewMexico?feat=directlink

Average cost of home owners insurance in Albuquerque New Mexico

Paul Davis Restoration
7820 4th Street NW
Albuquerque, NM 87107


The average New Mexico homeowner insurance rate in December 2010 was $530.00. It appears that rates have decreased since November 2010 when average rates in New Mexico were around $538.00.

Average Premiums for Home Insurance In New Mexico
Dec 2010	Nov 2010	Oct 2010	Sep 2010	Aug 2010
$530.00	$538.00	$556.00	$554.00	$546.00

Though rates have decreased in recent months, it’s important to continue to save money and find great coverage on your New Mexico homeowners insurance. Be sure to review your home insurance policy with your local New Mexico insurance agent regularly to ensure that you are qualifying for all available discounts. Also, check your New Mexico homeowners insurance policy to be sure you are still getting the coverage you need for your home and family.

Thank you, http://homeinsurance.com/New-Mexico/homeowners-insurance.php








So if you have a home and you bought it in 1960 and the cost of home insurance was 

Consider these sobering statistics.  In 1960, a new house would cost around $16,500.  Ten years later in 1970, a new house would cost around $26,500.  The cost of a new house went up $1,000 per year.  The national inflation rate ranged from 1.4% in 1960 to 6.5% in 1970.  Unemployment ranged from 5.5% in 1960 to 3.5% in 1970.  Obviously, the 1960s were a fairly stable decade with little change in most key indicators.  The highest level the Dow hit in 1960 was 685 and the highest it hit in 1970 was 842.  The average price for a gallon of gas in 1960 was .31 and in 1970 it was .36.

In 1960, the median household income was $5,600.  To put these statistics in proper perspective; a new home would cost the average family three times its annual income.  By 1970, the median household income had grown to $8,730 or 55.9%.  Guess what?  It would still cost the average family three times its annual income to get a new home. 

In the ten years of the 1960s, the median household income rose 55.9% and the average price of a new house rose 60%.  It is very interesting to note that the average price of new house in 1968 was also $26,500 compared to $20,500 in 1964.  Thus, most of the increase in housing cost came in the middle four years when inflation was averaging around 3%. 

By 1980, the average cost of new house had jumped to $76,400.  This was a $50,000 increase in ten years.  Remember the increase in the 1960s was only $10,000.  The cost of new house increased 188% during the decade of the 1970s.  Inflation ranged from around 5% in 1971 to an astounding 13.5% in 1980.  Unemployment was fairly stable between 3.5% and 6%.  The 1970s were racked with two separate oil crisis and the resulting double digit inflation that came with them.  In 1974 and 75, inflation hovered around 14%.  Between 1977 and 1980, inflation was between 11% and 13.5%. 

Needless to say, the price of just about everything skyrocketed during the 1970s.  A gallon of gasoline went from .36 per gallon in 1970 to 1.25 in 1980; a 247% increase.  A gallon of milk went from $1.15 to $2.16, a 88% increase in ten years.  The highest level the Dow hit in 1970 was 842 and the highest it hit in 1980 was 1000 which represents only a 19% increase.  The stock market was not the vehicle to wealth in the 1970s but CDs and other set rate investments provided a huge windfall to those wise enough to invest in them. 

In 1970 the median household income was $8730.  By 1980 the median household income had grown to $17,700.  Although this represents an increase of 103%, when compared with the 188% increase in the average cost of new house and the 247% increase in a gallon of gasoline; it is plain to see the average American family went backwards in the 1970s.

In 1990, the average cost of a new house had increased to $149,800.  This was a 96% increase from 1980.  To place these figures in proper perspective, a new house cost $123,300 more in 1990 than in 1970.  A new house cost a staggering 465% more in 1990 than a mere 20 years earlier in 1970.  Unlike the 1970s, inflation was fairly tame in the 1980s after 1983.  The incredible 96% increase in housing costs cannot be explained by inflation as they were in the 1970s. 

Unemployment ballooned during the recession of 1983 and 1984 to just under 10% but averaged closer to 7% most of the decade.  The big thing that changed in the 1980s was the value of the Dow.  Remember its highest close was 1000 in 1980.  In 1990, the Dow hit 3000.  Certainly the 200% increase in the Dow during the 1980s generated a huge new class of wealth in this country.  Those who invested in the stock market in 1980 were rewarded with returns on their investments never before seen in history, even with the temporary dip in 1987.

The median household income was up to $29,943 in 1990 which is more than $12,000 more than 1980.  The 69% increase in household income basically kept pace with the rate of inflation and was in line with the percentage of increase in the cost of a new house.  Again, to keep these figures in better perspective, the median household income increased by $21,213 between 1970 and 1990.  This represents a 243% increase.  This sounds good until compared to the 465% increase in the cost of new house.

Here is a statistic to chew on.  The price for a gallon of gasoline in 1970 was .36 and in 1990 it was only $1.16.  The price of a gallon of gas went up 222% in 20 years even with two huge oil crises.  By comparison, a gallon of milk in 1970 was $1.15 and by 1990 it was $2.78; an increase of 142% in twenty years.  Both the price of gasoline and milk went up less in twenty years than the median household income.

In the year 2000, the average cost of a new house was $207,000 only a 38% increase from 1990.  The 1990s were similar to the 1960s in that inflation was very low, averaging around 2.5% and unemployment was moderate in the 6% range.  What bore no resemblance to the 1960s was the stock market.  If the gains of the 1980s were impressive; the gains of the 1990s were phenomenal.  The Dow hit 3000 in 1990.  In early 2000, the Dow reached 11,723 an amazing 290% increase over 1990.  One must remember that early in the year 2000 the Dow started dropping and didn’t get back to 11,723 until 2006.

The median household income in 2000 was $42,100 which was only a 40% increase from 1990.  For the first time since the 1960s, the percentage increase in the cost of new house and the median household income were roughly the same.  Of course when comparing actual dollar figures, the comparison takes on a whole new light.  The average cost of a new house increased $57,200 while the raise in median household income raised $12,127.  This is why actual figures are better for comparing differences than percentages of increase. 

Here is your statistical food for thought of the day.  A gallon of gasoline cost $1.38 in 1980 and in twenty years it still only cost $1.50.  In twenty years, a gallon of gasoline only went up .12 on average.  That amounts to 8% increase in TWENTY years.  Amazingly, gasoline in 1999 averaged $1.17 or .21 LESS than in 1980.  I do not believe we Americans have much to complain about just because the price of gasoline has finally caught up with everything else. 

Finally we come to 2006.  What has transpired in six years since 2000 is truly incredible yet horribly troubling.  The median household income increased to $48,201 which is up all of 14% since 2000.  The Dow finally managed to get back to where it was in 2000 and even went over 14000 before falling back to its current levels.  Inflation had been pretty much under control until the last year, and unemployment has been very stable.  From these perspectives all seems to be going well.

That gallon of gasoline that cost $1.50 in 2000 now ranged between $2.20 and $3.05 in 2006.  We have seen pretty much a 100% increase in gasoline prices in the past six years.  Keep in mind, we saw a 247% increase in gasoline costs in the 1970s.   The average cost of a new home in 2006, just before the sub-prime crisis turned the housing market upside down, was an astounding $305,900.  To say the cost of a new home increased 48% between 2000 and 2006 doesn’t do the comparison justice.  The only way to really see what has happened is to realize the average cost of a new house jumped $98,900 in less than six years.

Here is the crux of the whole matter.  A new house cost 1050% more in 2006 than in 1970.  That means a new house in 2006 was 10 ½ times more expensive than one in 1970.  By comparison, the median household income increased 452% between 1970 and 2006.  The 600% difference between income and housing expense is why there is a crisis of monumental proportions plaguing this country.   

In 1970, the ratio between income and new home cost was 33%.  In other words, a new home cost about 3 times more than the median household income.  By 1980, due to the horrific inflation during the 1970s, that ratio dropped to 23%.  The new home was now 4 times more than the median household income.  By 1990, the ratio had dropped further to 20% and was still at 20% in the year 2000.  By 2006, the ratio had dropped to 15.7%.  People can no longer afford new houses.  The income is not rising nearly as fast as the cost.

Think about these statistics when you drive down the road and see the signs advertising “new homes starting at $300,000.”  Who exactly can afford to move into a new home with that kind of price tag?  Yet, every day in America someone signs their life away just to purchase a grossly overpriced piece of the American dream.  Every day in America, tens of thousands of construction workers go to work building more and more houses with price tags that only a few short years ago represented the anticipated lifetime earnings of a worker.

America cannot handle what is happening in the housing market.  The only way would be to hike wages dramatically.  If that were to happen, we would be back to the days of 13% inflation.  The only solution is for the housing costs to come back down to a level commensurate with income.  This does not sit well with those building the houses and those who have already paid highly inflated prices for them.  But, who deserves the break today?  The few who through greed and shortsightedness grossly overpaid for their home or the rest of us who are fighting to stay in ours?  I vote for us, how about you.

Web Tester

Web Tester

better business bureau didn't post my responce

LEFT US WITHOUT COVERS FOR ANY OUTLETS AND LOST THERMISTAT COVER