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sorry the time in between posting and remembering this i have completely forgotten where i was going with this comment.....:confused: i had a perfectly logical counter argument and it's gone....:confused:

but isn't this happening now? and i'm not even going to start on the bucket analogy. yes, it makes sense. yes, it's theoretically correct. but it doesn't apply in the real world. **edit and i know that i shoudl explain that better but i have a meeting now -later**

no - your argument is flawed. do you like apples? someone on a median income with a TON of equity can have a median mortgage in a very expensive suburb - they might have a $1mil home and brought $700k to the table because they bought 20 years ago in an average area when they were still on an...

price a function of income? what is this....3rd year economic theory?

wow - those graphs are direct opposites of each other. interesting post! cheers.