Quote:
Originally Posted by devildog2067
This is a demonstrably false statement.
As you said, there is a great deal of regional variability, but today's housing prices are within spitting distance of the historical average in California when measured as a multiple of median income.
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It is a real world example that is 100% true.
The homes where I lived in SoCal that where being lived in by 1 income middle class families in the 60s are not affordable to 2 income, let alone 1 income, families of today, even with the same standard of living. Which proves my premise from my first post, depends where you live.
Your graph is not showing SoCal numbers.