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Are U.S. Home Prices Reasonable?

This article is so biased and lacking reality its embarassing. So at $500 per square foot and a 2,000 sqr foot home, we assume that average Joe can afford a 1Million dollar home.

1) GDP is not a good indication of how average Joe has performed financially over the years

2) The article completely ignores the rules of supply and demand

3) Average wages have been stagnant for many years. Our standard of living drops when we take into account inflation.

Please we need more informative articles.