it would seem that in 1999 the price to income ratio was indeed much different.
My statement was made 100% by using the data on this link above. Using the link above it shows that at the VERY lowest point in the entire county, the price to income ratio went a tiny bit below 7. That was for a single year as well.
Please take a look at the link and tell me what you think.
I am not sure that it is explainable to say that the county stats by Rich are way out of whack compared to the zip stats you produced because his are more encompassing and that there were zips that pulled up the zips that you presented.
My post was based entirely on the statistical data that Rich has presented. If you indeed have data that shows that in essence, the data that Rich had gathered is incorrect, then yes I would agree with you and say it is possible. Consequently at 8-9% interest rates and a subsequently tight credit market, those who have sufficiently adequate downpayments are in great position. Those who don’t will be forced to continue to rent.
