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... would have been a lot more informative if it had been normalised to median income instead of a price index.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jun 1st, 2011 at 11:05:34 AM EST
[ Parent ]
You mean like French economist Jacques Friggit?
His famous curves show housing price index normalized to "available income" (after taxes, contributions etc...). It's useful to visualize how much of people's income is going into the property dream...

One example:

Other documents here.

by Bernard on Sat Jun 4th, 2011 at 12:50:31 PM EST
[ Parent ]

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