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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Litore Lapis who wrote (30573)5/22/2005 1:43:24 PM
From: regli  Read Replies (1) of 116435
 
>But who knows in this Greenspan Era. Perhaps now is a good time for house prices to go to ten times average earnings?<

In California this is already the case. In 2002 annual wages in California averaged $41,419. Add a few percent for the last few years to arrive at wages of approximately $45,000.

bls.gov

Then look at median prices in the San Francisco Bay Area of $586,000 and in Southern California of $445,000.

baltimoresun.com

How do these figures compare to the U.K and in particular to the South of England?
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