Book and Weblog – Authored by Garth Turner — Greater Fool – The Troubled Future of Real Estate

It’s also worth remembering the US housing market collapsed when it took 4.6 times the average income to buy the average home. Today in Canada the number’s 5.1. In Toronto, 5.5. In Vancouver, 9.3.

via Book and Weblog – Authored by Garth Turner — Greater Fool – The Troubled Future of Real Estate.