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That's the point continually overlooked by all those who argue house prices are unsustainable. Many countries/cities median are high and will continue to march ever higher, in the eyes of some making it unsustainable, not allowing incomes to keep pace, due to have a crash etc. I bet you'll be...

Hearing this a lot lately. Yes that's true but let's keep it in perspective. You can say "wow! If rates go from 3% to 5% that will be a 66% increase!" (instead of 29% rise of 7 to 9%) - sounds quite bad. Or you could view it as both increases would hit your pocket the same $2k for every $100k...