Hey whazzup, you've been right since at least 2010 as I recall, but some people are still not listening to you instead of Rob.

As Rob says;  back in the day, 3 times income for a house, well back in the day interest rates were 12%.  Median income is irrelevant when it includes renters in community housing as they don't buy houses, and people are buying houses with equity and capital, not just income! You can't pay rent on a decent place in TO with after tax interest on 2 million dollars in the bank, so one may as well stay in housing. But the people with only income and no capital just don't get it!  Shouldn't all the renters have millions in the bank by now with all the money they saved by renting and investing the difference in the stock market?  LOL