Home › Forums › Housing › Going on the radio this afternoon… quick questions for the piggs › One thing I’d like to add
One thing I’d like to add is:
It may be true that the general population income grew 50% since 1999. Then we assume housing price should only go up 50% since 1999.
However, in different areas of town where folks with different income levels buy, these people’s income appreciation can be quite diffrent.
Unfairly, rich people tend to get rich faster and that’s why the expensive area got more expensive and dipped less when the housing market crashed.
Just my thought.
