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This overlooked the fact that the market also looked greatly overvalued when house prices were compared with rents.The reality was that the market was lifted artificially high by a tide of cheap credit.
Prices were compared to an international reference price (expressed as median price ratio-MPR).
CDMU prices were compared to commercial retail prices for 18 large selling products using Indian market survey databases [ 38, 39].
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Just how cheap becomes clear when these prices are compared with fares to single destinations.
But the market is also overvalued when house prices are compared with rents.
The increases reported on Tuesday show up when June's transaction prices are compared with those of the month before.
The results of the cost-optimal scenarios with international fuel prices are compared with the actual historical development.
This set of prices is compared with the initial set of prices (collected in the base year) to determine the percentage increase or decrease.
Younger Australians, in my experience, are fairly value-conscious thanks to our constant low-level awareness of just how high house prices are compared with our wage growth.
The problem is realized when fuel prices are compared.
Furnace oil prices are compared to a weighted average price of 85% Canadian Light Sweet Crude and 15% Western Canada Select.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com