Why are home prices so high despite......Record low homeownership not seen since the early 90's at 63.7%Income and median household price disparity is greater now than in was in the housing crashPer the case shiller index, the 20 city average is only 11-12% away from the July 2006 highWhat am I not seeing here?

Changes in household make-up are not uncommon.

Household spending has been rising moderately but business fixed investment has remained soft.

Denver’s average Median Household income (latest stats I could find) is $62,760. http://www.bizjournals.com/denver/blog/finance_etc...Still less than the average home price....but even then, my numbers could be way off...but they are still trending in the same direction based on this Denver Post article from last March.http://www.denverpost.com/2016/03/04/what-salary-i...This shouldn't be new news to anyone who's watching the market in this area.  

But the way I’m looking at it now is there are approx 44k households (assuming 2.5 folks per household) within the 5 mile radius.

In my old city this is stuff is pretty common, yet houses burned down by the standing electrical work as opposed to extension cords etc are pretty rare, plug in electric heaters are THE most dangerous household item by far.

The current definition is: “Residential loan that primarily for personal, family, or household use which is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling….”

I am reading the book "Millionaire Next Door" which had been rec'd by a few podcast guests if I recall.They discuss the following formula as a guide to what your net worth should be:Multiply your age times your realized pretax annual household income from all sources except inheritances.

Twenty-four hours is presumed to be a reasonable notice in the absence of evidence to the contrary.(9) Promptly commence an action under Chapter 1923. of the Revised Code, after complying with division (C) of section 5321.17 of the Revised Code, to remove a tenant from particular residential premises, if the tenant fails to vacate the premises within three days after the giving of the notice required by that division and if the landlord has actual knowledge of or has reasonable cause to believe that the tenant, any person in the tenant's household, or any person on the premises with the consent of the tenant previously has or presently is engaged in a violation as described in division (A)(6)(a)(i) of section 1923.02 of the Revised Code, whether or not the tenant or other person has been charged with, has pleaded guilty to or been convicted of, or has been determined to be a delinquent child for an act that, if committed by an adult, would be a violation as described in that division.

I thought it was funny because our household income had decreased because I stopped working due to our second child just being born.