Diego, I just realized that myself. It should be just 72%, which is still a far cry from what incomes have done.
You might be able to make a better case for a gold bubble, than home prices being at bottom.
Inflation affects all of the above, but if anything it’s mitigating the decreases as the Fed prints and lends more money. The fact that despite inflation home prices are still falling 20%/yr nationally is telling.
You can’t inflate your way out of a bubble. The bubble popped, and the Fed is still trying to keep it full of hot air. They are failing.