I think you're missing the point completely LP. Throughout our history the median house price has been 4.5 household income. I factored in a median HOUSEHOLD income of 80k then multiplied that by 4.5 and you have 360k. If I had of used the median wage then fair value would look more like 270k. I think I am being very objectively reasonable and you sound as though you are going through a period of denial.
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in the crap, page-50
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