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Hong Kong? Definitely not. London also looks pretty terrible (affordability-wise). SF surprised me but its probably just because local incomes are so high.[1]

Hong Kong? Definitely not. London also looks pretty terrible (affordability-wise). SF surprised me but its probably just because local incomes are so high.[1] This Tableau/OpenStreetMap chart isn't quite displaying correctly for me but it paints a bleak picture of California's affordability. Not sure if you can scroll over to NYC.[2] This last source has London, NYC, and HK all in its "most expensive" 5 (from an odd assortment of cities) for rent-to-income ratio.[3] [1]https://www.numbeo.com/property-investment/gmaps_rankings.jsp https://www.numbeo.com/property-investment/gmaps_rankings.js... [2]https://www.cnbc.com/2019/03/07/heres-the-share-of-income-that-goes-to-rent-in-cities-across-the-us.html https://www.cnbc.com/2019/03/07/heres-the-share-of-income-th... [3]https://www.weetas.com/article/rent-income-ratio-17-major-cities/ https://www.weetas.com/article/rent-income-ratio-17-major-ci...

hammock 7y ago
I'm not talking about average rent. I'm talking about supply of affordable housing units. 45% of Hong Kongers live in public or subsidized housing.[1] That's over 3 million people. That's a lot of affordable housing, in a very dense city! You suggested suburbs would be better. Can you name any city's suburb(s) that has enough affordable housing for 3 million people? [1]https://en.wikipedia.org/wiki/Housing_in_Hong_Kong https://en.wikipedia.org/wiki/Housing_in_Hong_Kong
- CapricornNoble 7y ago
  >>>Can you name any city's suburb(s) that has enough affordable housing for 3 million people? Sure: Yokohama, if you'll accept a city of 3.7 million as a "suburb" of a city of 14 million+. Just as a rough guide, compare these two results: [1][2]. The lowest Yokohama rents are HALF of the lowest HK ones, and I'm fairly confident that lower-class/lower-middle class incomes are not doubled in HK. [1]https://realestate.co.jp/en/rent/listing?order=12A&page=1&prefecture=JP-14&method=ward&city=14102 https://realestate.co.jp/en/rent/listing?order=12A&page=1&pr... [2]https://www.squarefoot.com.hk/en/rent/list/?sortBy=price-asc https://www.squarefoot.com.hk/en/rent/list/?sortBy=price-asc

hammock 7y ago

I'm not talking about average rent. I'm talking about supply of affordable housing units. 45% of Hong Kongers live in public or subsidized housing.[1] That's over 3 million people. That's a lot of affordable housing, in a very dense city! You suggested suburbs would be better. Can you name any city's suburb(s) that has enough affordable housing for 3 million people? [1]https://en.wikipedia.org/wiki/Housing_in_Hong_Kong https://en.wikipedia.org/wiki/Housing_in_Hong_Kong

CapricornNoble 7y ago
>>>Can you name any city's suburb(s) that has enough affordable housing for 3 million people? Sure: Yokohama, if you'll accept a city of 3.7 million as a "suburb" of a city of 14 million+. Just as a rough guide, compare these two results: [1][2]. The lowest Yokohama rents are HALF of the lowest HK ones, and I'm fairly confident that lower-class/lower-middle class incomes are not doubled in HK. [1]https://realestate.co.jp/en/rent/listing?order=12A&page=1&prefecture=JP-14&method=ward&city=14102 https://realestate.co.jp/en/rent/listing?order=12A&page=1&pr... [2]https://www.squarefoot.com.hk/en/rent/list/?sortBy=price-asc https://www.squarefoot.com.hk/en/rent/list/?sortBy=price-asc