proof of the house price bubble, page-47

Once again we have a discussion on affordability based on average income an income which is not defined.

Do we actually have an average income for people who want to buy a house.

Over the last 30 years we have seen what was the middle class decimated and they have dropped into the lower group and their average income is probably $40,000 if they're lucky

Then we have the new smaller group who have more money than sense, who probably have an average of $100 000 to $200 000 coming in but a lot of them don't want to buy a house. they are too busy enjoying life.

So what is the average of people who want to but are unable to purchase a home?

IMHO the affordability ratio is much greater than has been discussed.

Also forget Medium house figures just ask how much does it actually cost to buy?
Is it higher or lower than the medium price?