Guys, one thing to think about, when the graphs say the house values should be on avg 3.5 times earnings does this take into account the gross or net wage?
I know that it is aparantly around the 7 mark ATM yeah?
POINT TO NOTE: The tax rates are a lot lower these days to what they were 10, 20 and 30 years ago. Even lower than last years... So if it is taking the gross wage then of course it will be higher than 3.5 times Duh
I think with the interest rates going down that you cant go wrong with a house as an investment.
