I really don’t get this.

House price to income ratios are at all-time highs. How could be calling housing a “very cheap” asset? Could housing costs really spike more than they have?

I’ve been of the mind that we’re in a housing bubble that’s going to crash sending prices down 20%. I’m no billioniare investor, so what do i know, but still shocking to think that the 1M California starter home is “cheap.”