/biz/ - Business & Finance

Case Shiller is the measuer of the ratio of median home price over median wages. For most of history houses were 2-4 times the median wages but in recent years we are at 9-10 times median wages. We're surpassing the 2008 bubble by an incredible degree.

My recommendation is to not buy if you're not in top 10% incomes or you can find a deal in your area where the home is 2-4 times your annual wages. It's my belief that these prices cannot stay so massively separated from wages forever.

However it can take years for this to correct so "two more weeks" can mean "two more years."