Trader’s Narrative has two excellent charts showing just how overpriced real estate remains on a global basis:
Median Home Price to Median Income Ratio
Purchase Price to Rent Ratio
Global Real Estate Ratios Show Extent Of Bubble
Trader’s Narrative November 13th, 2008
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.