“What matters is the fact that we live in one of the worst cities in the country for median income to median home price ratio. Which means we live in one of the most speculative cities in the country…
Any objections?”

I looked at your table and it doesn’t add up.

According to trulia, the median sales price for homes in San Diego CA for Mar 10 to May 10 was $320,000. How on earth does that translate into a $3086 median monthly mortgage payment? If I plug in $320,000 (assume 0% downpayment) and 5% 30 year fixed rate I get $1717. If you put 20% down and get today’s rate which is substantially lower than 5%, the table looks even more ridiculous.

Then I looked at the date and realized it was from March 10, 2008.