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tatupu70
@
2013 Oct 21, 1:21am
No it's not. The graph below shows the California affordability chart, when
you take into account the loans which were available at the various periods. The
CAR graph doesn't take that into account, which is the BS. This one is for
real:
First--are we only speaking of CA.?
Second--who says that the median income should be able to afford the median home? 40% of the folks rent. So, we're talking about the top 60% who are buyers. And some percentage of those folks bought 20 years ago and probably couldn't afford their home today.
So that whole graphic is nonsense
dunnross
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2013 Oct 21, 2:51am
Meanwhile, how much are home prices up in California? Az is up 68%
But I showed you all that I was shorting gold during that time.
Bigsby
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2013 Oct 21, 4:20am
Didn't you just do the same. Just saying...
No. You might notice that I wasn't ignoring the comment by Roberto, I was responding to Dunnross. Just saying. But hey, paint me unsurprised you popped up to start trolling.
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The mice are leaving the ship at the next available port:
http://ochousingnews.com/news/mounting-evidence-of-housing-markets-extreme-sensitivity-to-mortgage-interest-rates?source=Patrick.net
#housing