I’ve wanted to see similar simulations but for the housing market. Historically housing rental prices didn’t exceed renters income and yet times of rapid housi

I’ve wanted to see similar simulations but for the housing market. Historically housing rental prices didn’t exceed renters income and yet times of rapid housing inflation (2006-2008) outpaced any income gains. Of course those reasons are known, and the subsequent housing price fall set off a cascading effect. Recent housing increases outside of the bay seem eerily similar to the previous bubble, but I haven’t seen any good analytical framework to determine if it’s sustainable.