[quote=svelte]”Mortgage/tax payment on SD single family home divided by equal-weighted SD rent and per-capita income”
Appears to mean (SD SFR mortgage payment / SD SFR tax payment) / (SD rent payment + per-capita income).
Or does it mean
(SD SDR Mortgage + tax payment) / (SD rent payment + per-capita income)
I’m not sure how that correlates to XBoxBoy’s data on house prices. I guess you could argue that house prices correlate to mortgage payments, but I’m not sure that’s true. And what any of that has to do with rent or income I’m not sure.[/quote]
It’s the latter. It correlates because it’s measuring monthly payments vs. “inflation” (xbox was using CPI, I use wages and rents) so should come up with similar results.
