House prices to income

This chart is too awesome not to link:



(from http://piggington.com/this_just_in_san_diego_homes_are_overpriced)

Just... spot on.

Comments

Post a Comment

Popular posts from this blog

Why I Hate Obama-speak

Every time Obama speaks, it aggravates me. It's not because of his method of speaking or speech itself: he's a great public speaker who's clear, eloquent, and polished. It's also not because he uses a teleprompter obsessively, is very good at not straying from whatever canned message or pitch has been written for him, and dodges answering any probing questions with real information: most politicians have perfected these arts, and they have become so ingrained in our political process that they are as expected as they are unhelpful in conveying actual information. It's obviously also not because he lies: most politicians lie, usually very well, and Obama can state even laughable, preposterous fallacies without even breaking stride, but again, that's expected, normal, and uniform in today's politicians. No, none of these things are the reason Obama's speeches really get to me. See, Obama comes across as a smart guy, and every once in a while you get a semi...
Read more

The Difference Between "Representative" and "Representation"

Do any of these sound familiar? - "The people I represent..." - "Those are the people you voted for..." - "A government of the people, by the people, for the people..." All these are related, as well as many other quotations, to the idea of a representative government system, where the people have "proxy" agents which represent, typically, large groups of individual people. Those agents, colloquially "representatives", then make decisions which govern the lives of the people they nominally represent. The idea being that such a system has a few benefits: a smaller group of people negotiating on policy, the ability to have more informed policy makers, the ability to more quickly make decisions, etc. I'm not going to talk about how well those theories match the reality; that's another discussion. Rather, I'm going to address a per-peeve which has been bothering me recently: the difference between having a representative ...
Read more

How Inflation Works

This might be a long post, but in the context of the current election, and broader, I wanted to write up a primer on how inflation works. This is a hot topic at the moment, and one of the strongest talking points in politics, particularly within the right-leaning circles. It's also one of the least understood topics generally, and thus one of the easiest to inaccurately blame on people or actions for political purposes. Furthermore, actions related to inflation are the perhaps surprising cause of several pressing societal woes (eg: housing prices, wage stagnation, etc.), so it would be great if the general population better understood what was going on. So, hopefully, this will help. What causes inflation Milton Friedman (famous economist) once observed: "Inflation is always and everywhere a monetary phenomenon." This is, broadly, true: inflation happens when more money is competing for the same amount of goods and services, and thus the people with the goods ans services...
Read more