I'd like to see that argument. The median home in California is not by any means affordable. The median home in many other states is absolutely affordable. Furt

I'd like to see that argument. The median home in California is not by any means affordable. The median home in many other states is absolutely affordable. Furthermore---and back to my original argument---suppose that home prices are X * C where X is the median salary and C is some number between 0 and 1. What's stopping someone from drastically undercutting the artificially-high home price? I have no reason to believe that either home prices or rent are set by wages.