Interesting article that compares median incomes to median home prices in the markets the S&P/Case-Shiller HPI covers (data from Mark Hanson). San Diego ranks fourth in the largest divergence between incomes and prices behind NY, SF and LA.
1) The higher the average income in a given area the Larger percentage of that income can be spent on housing, as the basics (food etc…) are much the same everywhere (maybe even less in socal).
I need to find the other points as they escape me now.
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