Chinese people will need 30 years of disposible income to purchase an apartment; compare to 3 in the U.S.
Who can afford a condo with 3 years disposable income in the US? My spouse and I make above average money in a below average cost city and we couldn’t afford a condo here.
I think the definition of “disposable income” likely means the wage that reaches your bank account, i.e. wage - 401k, insurance etc.
In major city, this ratio is likely higher, but certainly no where near 30, but this data includes all of U.S. including rural areas with crazy cheap housing.
In fact, it is quite easy to get more “realistic” or “specific” statistics just by looking up the median wage and housing price in Boston, New York, Seattle, LA etc. v.s. Beijing, Shanghai, Guangzhou, Shenzhen etc.
If you are so eager to defend an authoritarian government, I believe it is better to present statistics with source, instead of downvoting others for no reason, or resort to your experience.
Who can afford a condo with 3 years disposable income in the US? My spouse and I make above average money in a below average cost city and we couldn’t afford a condo here.
I think the definition of “disposable income” likely means the wage that reaches your bank account, i.e. wage - 401k, insurance etc.
In major city, this ratio is likely higher, but certainly no where near 30, but this data includes all of U.S. including rural areas with crazy cheap housing.
In fact, it is quite easy to get more “realistic” or “specific” statistics just by looking up the median wage and housing price in Boston, New York, Seattle, LA etc. v.s. Beijing, Shanghai, Guangzhou, Shenzhen etc.
If you are so eager to defend an authoritarian government, I believe it is better to present statistics with source, instead of downvoting others for no reason, or resort to your experience.
Well ain’t that a shit definition then