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Doesnt make sense to me either but I thought that was what the d&gers keep saying, that the average wage earner should be able to buy an average house in the city, because their parents apparently used to be able to, ON A SINGLE INCOME. Also are you saying that average wage earners that keep...

So, any examples of these average $315k houses in NYC? or did I get it wrong, wages are much more than $45k for an individual? I also notice your link is using income for a family, I thought that was a no no, the 3x rule is supposed to be worked out on a single wage supposedly, not a dual...

Cherry picked nothing mate, they were the only numbers on the site provided. Are you saying that New York CBD residences (not state) are $315k or are you saying average US wages are much higher than $45k? Dave

According to this site in 2006 it was $42,000 so about $45k now?? http://www.ofm.wa.gov/trends/tables/fig102.asp This site says I take it Manhattan appartments would be CBD, so they would be 35 times average US wage. Average NY home works out at 19 times average US wage According to the...

Possibly off topic a bit but hows the US average wage in wage years compare to price of average New York CBD appartments? How does that compare to Australia? Dave