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Your point look valid until when you compare the price of a typical European house with that of a american house. In most cases the European house is priced mor
by gopi 15y ago
Your point look valid until when you compare the price of a typical European house with that of a american house. In most cases the European house is priced more than the american one. So how can you say that a European spends less of his income on housing than an american?
- tokenadult 15y agoWhat figures were you looking at for the price of a typical house in either place? Do you have a source you can cite so that Hacker News participants can check what the source says?
- gopi 15y agoIf you need hard data here it is http://www.globalpropertyguide.com/Europe/Germany/Price-History http://www.globalpropertyguide.com/Europe/Germany/Price-Hist... - Average existing home price is 238k euros ($310k) http://www.census.gov/const/uspriceann.pdf http://www.census.gov/const/uspriceann.pdf - Average US new home price is $272k Remember we are comparing apples to oranges (Existing small german average home vs new big US home) BTB, if you watch the show "International house hunters" you would realize how cheap US real estate really is. It will be amazing to see how houses in europe or brazil or even Nigeria costs much much more than the typical american homes!