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surprising... with 2 incomes now generally paying a mortgage you would expect more than just 1% as for wages, CPI is a load of rubish anyway, you would need wage increases over CPI to stay still. on second thoughts, durables have come down alot. hard to analyze

depends on a couple of things. if their salary grows at 7%pa then the multiple doesn't change, so yes they could afford it equally as well. Also the house that you are looking at today for $350k will not be a median priced home in 40 years. Drive for a house further out and you will find a...

surely a risky investment then given the troubles the USD is likely to find itself in in the medium term?

gees Scott that's underperformance! the one I bought in 02 for $650k is now worth $2m. can't really think fo a property that i have that hasn't at least doubled in that time. question is... $2m invested is way higher than the cost of renting. am i brave enough to sell and rent back?

the median price they refer to. A mdeian house of 20 years ago is no longer a median house house prices are a multiple of wages, so as wages rise house prices rise by a multiple