looks like a very fat tail to me

fat tails aren’t supposed to exist in the world of financial hocus-pocus – but they do

welcome to reality

~

if I were trying to spin this I would say that it is statistically impossible for there to be such a discrepancy between incomes and housing prices and therefore the anomaly is only a short-term aberration that can and should be ignored

and then I’d pass around the koolaid