Re:The Everything Bubble [infographic]
by mabbo on Friday September 29, 2017 @11:27AM
(#15366103)
Wages did not go up by 60% in two years. They barely went up at all.
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Re:The Everything Bubble [infographic]
by Nokinside on Friday September 29, 2017 @11:54AM
(#15366368)
Of course they didn't. But that's not the issue.
What is the price/income ratio now compared to long term average? How much of the 60% can be explained with prices rebounding to long term normal.
ps. I'm almost sure that house prices in Toronto are exceptionally high compared to income. I'm not arguing against that. I'm arguing against people using wrong numbers to measure things. Find relevant numbers and use them.