Ok, but still, how is it that prices are so cheap in one place, yet so much in another with all else being relatively equal (Not talking about foreign countries with vastly different taxes structures or public services).
The same job would be relatively the same pay across the country I would think, adjusted slightly for cost of living (ie. a Jr. Designer in Miami might make $30K, while in SF maybe $35 - just as made up numbers).
How can there be such a variance in price to income?
Here in Toronto average sale prices are easily above $500K. In Vancouver I think even more. You could probably find a double underground parking spot for the price listed for some of those median homes here.
R