Gar bear on Nostr: i always heard the adage home price = 2X annual salary of the people who life there. ...
i always heard the adage home price = 2X annual salary of the people who life there. I suppose with really low interest rates that could go up to 3X.
someone told me 6X at one point in 2020!
i just don't see where all the people who can afford such houses are coming from. so IMO, the house prices in most places will all have to fall relative to median income.
Published at
2024-11-07 10:54:58Event JSON
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