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Manhattan wages are over 3 times the average US wage, so, compare the US average wage to Manhattan home prices doesn't make sense. here are some numbers.

Other crappy data? :rolleyes: the real data trader look at (like me :D) is the housing finance from ABS. Last one was released a couple of weeks ago for september figure. The main and more important data is "Owner occupied housing" that come up in the news and at attention of investor and...

That is funny, very much in line with the thread:rolleyes: I would add: shortage of houses: people sleeping under bridges, on beaches and in parks shortage for great fool: be a true believer in the ANZ underlying demand Any other add on? :)

Where did you get 22.950? sure it is not 2,2295 mil person difference? I guess if we consider 8 mil household (or homes) X 0.27 = 2,16 mil extra persons you can squeeze in with the Shadow occupancy rate of 2.76 :eek:

Yep, Wonder if the underlying demand and house shortage crap is taken from RESIDEX crap data. Here is a more reliable data from ABS: It is a bit outdated but for sure since the census we haven't been building at over 2.4 people for building. I also recon we have around 8.5 mil dwelling in...