4 ms·
While it's a useful statistic, I don't think home prices by themselves tell the whole story. Would be great to have a median multiple as well. (median home pri
by pcr0 10y ago
While it's a useful statistic, I don't think home prices by themselves tell the whole story.
Would be great to have a median multiple as well. (median home price / median annual salary)
- rgbrgb 10y agoSomeone mentioned something like this in a reddit thread as well [0]. What conclusion would you be hoping to make from that? According to census.gov median household income was $78,378 in 2014 if that's interesting [1]. [0]: https://www.reddit.com/r/sanfrancisco/comments/4i7wmt/sf_home_prices_back_to_an_all_time_high/ https://www.reddit.com/r/sanfrancisco/comments/4i7wmt/sf_hom... [1]: http://www.census.gov/quickfacts/table/PST045215/0667000,00 http://www.census.gov/quickfacts/table/PST045215/0667000,00
- pcr0 10y agoCool, thanks. It just gives an income-adjusted figure to be able to compare with other cities in the US, and around the world [0]. It also gives a rough idea of how long a typical household would have to save in order to buy a home (though this depends on tax and other spending). That represents a median multiple of ~16.4 (1.285m / 78378), second only to Hong Kong (19.0)[0], which has topped the survey since its inclusion. [0]: http://www.demographia.com/dhi.pdf http://www.demographia.com/dhi.pdf