Average home prices in SF is 1.3M, so a household of two teachers would give the... | Hacker News

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		bobthepanda on Dec 16, 2021 \| parent \| context \| favorite \| on: California is the only state to hide its spending ... Average home prices in SF is 1.3M, so a household of two teachers would give them a P/E ratio of 5. The P/E ratio for the average US home is 4.4. Are teachers overpaid, or are people in SF underpaid relative to the value of a house?

kesselvon on Dec 23, 2021 [–]

a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.

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