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but under that logic property would have been very cheap historically. ie If the income side is understated, then previously property would have been very cheap relative to wages. Alternatively it may be argued that the net after tax income has been increasing faster than gross income...

you raise a very valid point here. Your comments are similarly raised by a respected hedge fund manager (Denis Gartman) that i follow. because of the way statistics are organised and compared it is naive to delve to deeply into short term movements in the statistics. Especially as they tend...

and to provide a further point of clarification, these sought of generalisations provide an insight into the underlying 'value' of the asset class. (a) It does not provide any insight into the likely near term future direction in the pricing of an asset class. This is a very important...

actually just to be clear i prefer the 'general usefulness' of medium price/medium wages on a single country basis. I am more interested in noticing the change within a country, rather than using it to justify one countries property price against another. Medium's are just a general guide...

i think this way of thinking is very dangerous. Yes there is no written rule, but it does act as a very good guideline. Of course there are individual exceptions to the rule (or guideline). But these sought of generalisations give a good indication into the rough overall value of the...

depends on the restaurant/take-away place. I have lots of friends who own businesses in this sector. Going rate for some $8 per hour rising to $10 per hour for 'experienced staff'. (these are the asian ones). Pizza shop: around $10 per hour. The only ones paying the 'legal rates' are the...