“The simple measure of sanity in housing prices, Zelman argued, was the ratio of median home price to income. Historically, in the United States, it ran around 3:1; by late 2004, it had risen nationally, to 4:1. “All these people were saying it was nearly as high in some other countries,” says Zelman. “But the problem wasn’t just that it was four to one. In Los Angeles it was ten to one and in Miami, eight-point-five to one.”

Michael Lewis

Michael Lewis - “The simple measure of sanity in housing...” 1

Similar quotes

“I want to create a 3-4 deal—buy three for the price of four. Offer valid for any product but love, which is one for the price of two only.”

Jarod Kintz
Read more

“The writer must be four people: 1) The nut, the obsede 2) The moron 3) The stylist 4) The critic. 1 supplies the material; 2 lets it come out; 3 is taste; 4 is intelligence.”

Susan Sontag
Read more

“I also think there are prices too high to pay to save the United States. Conscription is one of them. Conscription is slavery, and I don't think that any people or nation has a right to save itself at the price of slavery for anyone, no matter what name it is called. We have had the draft for twenty years now; I think this is shameful. If a country can't save itself through the volunteer service of its own free people, then I say: Let the damned thing go down the drain!”

Heinlein Robert
Read more

“Three life lessons:1.No one will see you.2.No one will say anything.3.No one will save you.”

Elizabeth Scott
Read more

“The four things that matter in life: 1) love 2) honesty 3) faith 4) courage. ”

Bill Butterworth
Read more