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A comment on California is the only state to hide its spending – nearly $300B a year. Parent comment

Re:California is the only state to hide its spending – nearl... by bobthepanda on Wednesday December 15, 2021 @09:55PM (#29574286)
Average home prices in SF is 1.3M, so a household of two teachers would give them a P/E ratio of 5. The P/E ratio for the average US home is 4.4.

Are teachers overpaid, or are people in SF underpaid relative to the value of a house?

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Re:California is the only state to hide its spending – nearl... by kesselvon on Wednesday December 22, 2021 @10:52PM (#29658468)
a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.
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