warnie
just to be clear
if median wage is $60K
and housing hits 10x median wage
a typical house will cost $600K
repayments will be $2,200 a fortnight
$60K P.A pays $1,800 a fortnight after tax
so how does the average person then buy/rent an average house?
You seem prety sure this works so please explain it!
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property values v income in usa, page-61
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