cpl

I agree re multiplying and including MIRAS. You will laugh at source of earnings data Its in the graphs section on this site http://www.housepricecrash.co.uk/graphs-av...nings-ratio.php Obviously sourced from Nationwide http://www.nationwide.co.uk/hpi/downloads/FTB_HPER.xls It is for 1st time buyers but I dont think that makes a real difference. I am really interested to see result of you combining. Presumably this would then be the difinitive graph for affordability Would anyone disagree ?

Surely three factors determine the effective affordability of houses 1. Salaries 2. Mortgage Rates 3. House Prices Please see attachment. rpi_base_earnings.zip House price affordability has only marginally increased in recent years. Houses are significantly more affordable now than they were in 1989 ! Realist rpi_base_earnings.zip