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Astrealix

Mapping Housing Market Affordability: 15 of the Worst Cities (www.visualcapitalist.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/hongkong

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HK is far and away the #1 least affordable housing market ranked by housing cost divided by median income.

18 years of the current median income is required to buy a home in HK.

That is your entire income going towards housing for 18 years if you don't eat, use electricity, pay taxes, etc.

Not including interest on a mortgage.

Sydney Australia is in second place with 13.3 times their median income.

Vancouver, Canada is third with 12.0

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[–] [email protected] 2 points 1 year ago

To be honest, I'd like to see the rest of the world's countries/cities. I doubt they are truly alone in the map, and I'd like to see by how much are these ahead.

[–] Pat12 1 points 1 year ago

200 sqft for roughly $1800USD, it's insane how expensive things are. A city of 7 million + people, there's so many people living below the poverty line and/or in single rooms or mutligenerations in a signle home