ZH Article

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Submitted by evolusd on April 24, 2018 - 3:49pm

Interesting article that compares median incomes to median home prices in the markets the S&P/Case-Shiller HPI covers (data from Mark Hanson). San Diego ranks fourth in the largest divergence between incomes and prices behind NY, SF and LA.

https://www.zerohedge.com/news/2018-04-2...

Submitted by The-Shoveler on April 24, 2018 - 4:31pm.

I think we went over this on another thread,

But there were a few points made.

1) The higher the average income in a given area the Larger percentage of that income can be spent on housing, as the basics (food etc...) are much the same everywhere (maybe even less in socal).

I need to find the other points as they escape me now.

Submitted by evolusd on April 24, 2018 - 5:11pm.

That makes sense. I'll search for the other thread.

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