[quote=AN]I like charts Rich posted in his Bubble Primer: http://piggington.com/shambing_away_from_cheapness_but_still_milling_about_in_the_gene much better. I think interest plays a huge role.[/quote]

I don;t know why we are debating what incomes have done since 1996.

The analysis by Rich indicates that in terms of home price to income ratio, we are about 20% higher than in 1996, BUT interest rates are such that monthly costs for owning have recently been lower than they have been in at least 30 Years in San Diego.

The author in the original link should have published his work in crayon.