sdcellar, I’m sorry, I didn’t get your comment about the inventory. I’m not agreeing with gym guy, but just raising his point as a question for discussion, since there could be some element of truth to it. I agree that if $110K incomes fueled the price increase, then the max should be 3.5 x 110K = $ 385K. But we know the median went much higher. So the housing prices went high based on funny money loans, not on fundamentals of wages.
