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>The median income in Beijing is around 18k RMB/month. The one bedroom we were renting was 7500 RMB/month. The median income in Silicon valley California is ar
by LrnByTeach 8y ago
>The median income in Beijing is around 18k RMB/month. The one bedroom we were renting was 7500 RMB/month.
The median income in Silicon valley California is around $7000/month. The one bedroom rent is $2000/month.
so it seems, Silicon valley and top Chinese cities comparable when it comes to expensive housing ...
- seanmcdirmid 8y agoI mean, you aren’t wrong. China just has a housing bubble, it doesn’t really have a housing shortage like SV has. So while housing might be really expensive to buy, rents can still be very affordable. Still, paying half your before tax income on rent vs, less than 30% is really significant.