[luncheonmeat]

When four-room BTOs cost $40,000 four decades ago, the median household income was around $900, and a family would use about 25 per cent of their income to service the loan.
But today, median household incomes have increased ten times, from $900 to $9,000.
“So BTO flat prices have in fact moved in tandem with incomes,” he said, adding, “So if we do a proper comparison, a fair comparison, BTO flats remain affordable. The typical household now continues to use less than 25 per cent of their income to service the loan, like in 1980.”

 From the mouth of a real estate agent  with yoosed car salesman ethos.