five times

Hi I came across this sentences in Collins listenin for ielts book ''House prices in the last few decades have risen dramatically; property is now five times the average annual salary, whereas it was only three times the average annual wage in the 1980s''
I cant understood.Does it mean property's price five times as much as expensive avarage annual salary now and in the 1980's it was three times as expensive as the average annual wage

The 1980 average annual salary was smaller than the 2020 average annual salary. The sentence says:

2020 house price = 5 times 2020 annual salary
1980 house price = 3 times 1980 annual salary

Since I am sufficiently bored 👁 Big Grin :D
:

dojibear said:

The 1980 average annual salary was smaller than the 2020 average annual salary. The sentence says:

2020 house price = 5 times 2020 annual salary
1980 house price = 3 times 1980 annual salary

5 x $55,628.60 = $278,143 👁 Eek! :eek:

3 x $12,513.46 = $37,540.38

Adjusting for inflation, the 2020 price is a bit over double the 1980 price.
278,143 2020 dollars = 88,554.68 1980 dollars
37,540.38 1980 dollars = 117,911.27 2020 dollars