bbloff
If you are measuring affordability it is the amount of the income that is spent to finance the property (the mortgage).
That is, the amount of income to pay the mortgage, get it?
I understand the difference between average and median, do you?
Do you understand that in an area the value of every property can go up and the median go down, likewise the value of every property can go down and the median do up.
This means that the median is not related to affordability.
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