Tom Cui @tom-cui.com · Dec 23 Here's a viral Tiktok chart on housing unaffordability in Canada, but it looked a bit weird to me. It's not as bad as when a viral U.S. chart compared rent growth with inflation-adjusted income. But here's my look into what is used as "income" here... www.tiktok.com/@thebeautyof...
1 likes 1 replies
?
Replies
The data actually cites the series on fred.stlouisfed.org they use, which is nominal "Residential Property Prices per capita," replicable by fixing an index value. At first I thought maybe they went for the next search result on FRED, which is GDP Per Capita. It's not a measure of "income" either