The 10 most ‘impossibly unaffordable’ housing markets in the world
Living in the gold state is not cheap.
According to A, four major California (San Jose, Los Angeles, San Francisco and San Diego) buy a house in the metropolitan area “impossible” Can work by Chapman University demography and politics center. The study compared the average house price with the media revenues of 95 housing markets in the third quarter of 2024.
The Honolulu region, where the average house price is 10 times the median income, also made the top 10 lists of the most suitable housing markets.
12 of the analyzed markets were classified as “impossible not to be met” and one of them was considered “affordable”. While “incredibly unsuitable” housing markets have nine or higher price-features, a “affordable” market was a market in which the median house price of the region was not more than three times.
The most unsuitable market was Hong Kong, where the median house price was more than 14 times the median income of a worker in the city. Australia was not quite suitable. Sydney, Adelaide and Melbourne’s metropolitan areas were the top 10.
At least 10 affordable housing markets and home price-further rates
- Hong Kong 14.4
- Sydney 13.8
- San Jose, California 12.1
- Vancouver, Canada 11.8
- Los Angeles 11.2
- Adelaide, Australia 10.9
- Honolulu 10.8
- San Francisco 10
- Melbourne, Australia 9.7
- San Diego, California 9.5
The product of ‘limiting growth’ policies
“These high prices are the product of policies that try to limit the growth on the environment, which is largely where cities are growing,” said Joel Kotkin, Director of Demography and Politics Center of Chapman. He said.
For example, the state in California More protection While encouraging natural land development high -density housingAccessory housing units such as apartments and small houses and backyard huts.
However, the increase in housing density will not require an affordable housing crisis, because the Chapman report, the Wendell Cox, rarely meets the needs or preferences of the newly built units-especially small and expensive-one medium-income buyers.
Less homemade and longer home searches
The report said, “The deterioration of affordable houses,” the main driving force of the current crisis that affects the middle and working classes is the main driving force. “
In the same article, Andrew Herzog, a CFP in Texas, said, “I advised people to extend their calls while saving for emergency fund and retirement,” but not more often. “
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