The following chart from the Paragon Real Estate Group, showing median house prices in San Francisco, is troubling, for reasons which do not need an explanation.
And here is a bonus chart:it shows the minimum amount of qualifying income one needs to purchase a “median priced house” based on prevailing prices and mortgage interest rates, with 20% downpayment, including taxes and insurance.
Source: Paragon
via Zero Hedge http://ift.tt/1MeQmoN Tyler Durden