zlacker

I don't follow your calculations; It appears you're doing arithmetic with CAGRs from three different date ranges (2010-2020, 2012-2019, and L10Y).

An apples-to-apples comparison illustrates my point:

L10Y cumulative change in:

Bay Area rent: +46.0% [0]

Bay Area wages: +45.7% [1]

Vs:

Barcelona rent: +70% (if we believe TFA)

Spain wages: +30% [2]

Or:

Cumulative 2010-2020 change in:

Bay Area rent: +57% [0]

Bay Area wages: +34% [1]

which also looks bad (but not as bad as Barcelona L10Y). Indeed, there were lots of complaints about housing costs in SF then.

[0] https://fred.stlouisfed.org/series/CUURA422SEHA [1] https://fred.stlouisfed.org/series/SMU06418840500000003 [2] https://www.ine.es/jaxiT3/Tabla.htm?t=59150

>>verteu+(OP)
Yeah I didn't have good data sources, and took shortcuts on the math.

I guess it just doesn't look bad to me in terms of their real estate, thanks for pointing me to these better data sources.