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Not really. There's no universal law which says that bread has to be X% of local income or that housing has to be Y%.
by TheTrotters 8y ago
Not really. There's no universal law which says that bread has to be X% of local income or that housing has to be Y%.
- kspaans 8y agoYou're right, interpreting whether a given price-to-rent ratio is overvalued or not is subjective, but calculating that ratio is (mostly) objective and can make for an apples-to-apples comparison between different locations.