[AnAmericanMother]

Mean income creates another deceptive statistic.

You could have folks way high (buying), and folks on the bottom end (renting), and the median would be at a point that the expensive houses could not be purchased, but with only one actual wage earner anywhere near that point. I'd want to see the mode as well as the mean.

[RockinRight]

Of course that's all true...but it still seems like a very unstable situation.

[RockinRight]

All in all, those markets are great for people who bought years ago, but impossible to enter for someone buying their first home unless they just won the Powerball.