The Affordable Housing High-Wire Act

The following chart shows the median price of new homes sold divided by the median household income.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7vbu386RZAuW7EqIuujXE6LoaEylJMrTi1th2DJIY_XOlEYUKd4tvgqswmHh8ZJ0olx0YPVEN7lshu9OMtkW_-_awBNsRtiL5rLcSCTbOVxvQzlPkYWCIRD-jawDXKPa2Ef81nCQmQDo/s1600/The+Affordable+Housing+High+Wire+Act.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7vbu386RZAuW7EqIuujXE6LoaEylJMrTi1th2DJIY_XOlEYUKd4tvgqswmHh8ZJ0olx0YPVEN7lshu9OMtkW_-_awBNsRtiL5rLcSCTbOVxvQzlPkYWCIRD-jawDXKPa2Ef81nCQmQDo/s320/The+Affordable+Housing+High+Wire+Act.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br /><a href="http://portal.hud.gov/hudportal/HUD?src=/program_offices/comm_planning/affordablehousing/">HUD: Affordable Housing</a><br /><br /><i><b style="color: red;">Who Needs Affordable Housing?</b><br style="color: #666666;" /><br style="color: #666666;" /><span style="color: #666666;">More people than you might realize.</span></i><br /><br /><b>May 2013</b><br /><a href="http://realtormag.realtor.org/news-and-commentary/commentary/article/2013/05/not-high-wire-act">REALTOR: Not a High-Wire Act</a><br /><br /><div style="color: #666666;"><i>The economic benefits of a strong housing market are clear. Housing has contributed 17 to 19 percent to the national gross domestic product on average over the past four decades; it still accounts for about 15 percent of GDP despite ongoing challenges to housing markets around the country. And <span style="color: red;">home ownership remains the greatest tool</span> for wealth creation our nation’s families have.</i></div><br />Parabolically increasing home prices relative to income for the win! It's the <a href="http://en.wikipedia.org/wiki/Greater_fool_theory">greater fool</a>'s greatest <a href="http://www.urbandictionary.com/define.php?term=tool">tool</a>!<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=mTu">St. Louis Fed: Custom Chart</a>

The Affordable Housing High-Wire Act

The following chart shows the median price of new homes sold divided by the median household income. Click to enlarge. HUD: Affordable Housi...

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