[ZenGum]

I've been following a debate for years, about whether Australian houses are over-valued. New house price to median income ratios often come up, but we need to be clear whether this is median individual income or median household income.

With the rise in two-income families, house prices were able to rise much faster than individual incomes. *Most* of this second income has gone to servicing the mortgage payments.

In other words, some say, generation X was forced to send the missus out to work to pay the enormous mortgage to cover the cost of the inflated house prices that are funding the retirement of the baby boomers, at the expense of the personal and social health of all involved.