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Home Ownership and the Affordability Red Herring

http://www.altosresearch.com Posted by 4realz 2056 days ago

Mike makes a great argument for revisting how we define affordability. "The biggest problem with this measure is that the definition of 'income' is too narrow, essentially today's salary. The fact is that most properties in California are purchased (aided by) with some form of capital gains plus a vibrant growth economy that promises continued increase in wealth."

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