Yes warnie ignores reality again
apart from the fact we were not even discussing housing afordability in relation to the average wage.
reports of something like 30% of households with a mortgage are in mortgage stress
Mortgage stress being when 30% or more of the HOUSHOLD after tax income is spent on the mortgage
that is HOUSHOLD inceom
not
individual income
not average income
but combined houshold income
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- so home prices are going to plummet
so home prices are going to plummet, page-48
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