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> But, this describes maybe a few dozen housing markets. Probably only a couple dozen if you cut out resort/ski towns. It's a regional problem It, uh, describe
by jbay808 6y ago
> But, this describes maybe a few dozen housing markets. Probably only a couple dozen if you cut out resort/ski towns. It's a regional problem
It, uh, describes all of Canada actually.
https://www.reuters.com/article/us-canada-economy-housing-analysis-idUSKBN2AZ0FJ https://www.reuters.com/article/us-canada-economy-housing-an...
- throwawaygh 6y agoThat's totally fair; sorry for assuming the thread was US-centric.
- freyir 6y agoIt also describes the most populous US state. The median housing price is now over $700k in California, while the median household income is around $80k.
- throwawaygh 6y agoCalifornia is an outlier. Even within California, the $700K number is caused by a few outlier markets.
- freyir 6y ago$700k is the median. The average is even higher, and especially so in “outlier markets” (where outlier here means the cities and surrounding suburbs where most people live). Also, more Americans live in California than any other state. So if it’s an outlier, it’s an especially impactful one.