Um ok. So homes in some places are higher than they were at some point in the past, and homes in other places are not.
I prefer to look at housing values relative to income. That seems to be a more useful illustration of pricing exceeding the growth of money used to buy it.
yep yep. thats a value oriented approach. income vs house price ratio. kind of like PE ratio.
the growth oriented approach. income growth relative to housing price growth would prolly be better than the one they showed. Kind of like a PEG ratio.