Property Bubble Explained (in one OBVIOUS GRAPH)

Ok... we could go on and on about consumers overspending, or credit markets allowing them to overspend.

But let's look at something in a graph. It will make you laugh how stupid we are.

I devided Median Income by Median Household price from 1968 though 2006.

Pretty steady. You can even point to the little dips. Probably one of the best graphs I've done in how obvious it is. Note since this is devided by current income (income earned in 1968 dollars for 1968, and 2006 dollars for 2006,) it should be a flat graph.

I'd love to get some comments and feedback on this!