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That's true, it's definitely not impossible. It's just relative to other countries we seem to be a bit worse off on the housing front
by smfjaw 3y ago
That's true, it's definitely not impossible. It's just relative to other countries we seem to be a bit worse off on the housing front
- doix 3y agoWhich countries? It seems like a lot of the English speaking countries have a housing crisis in major urban centers. Toronto, Dublin, Melbourne, London, Edinburgh, San Francisco, Austin, NYC, etc... All super expensive by the sounds of it. Is Auckland that much different?
- em500 3y agoNot just English speaking countries: housing affordability is low in most European and developed-Asian countries.
- robocat 3y agoAuckland is pretty bad, but Sydney or Melbourne are worse for affordability (income versus mortgage): https://www.visualcapitalist.com/least-affordable-cities-to-buy-a-home/ https://www.visualcapitalist.com/least-affordable-cities-to-...
- danicriss 3y agoHere's the 2023 version (original reference uses 2019 data): http://www.demographia.com/dhi.pdf http://www.demographia.com/dhi.pdf, pages 7-9 New Zealand is an honourable 2nd place and Auckland clocks at 7th with ~11 (median household annual income for median house). The other cities worse off are around 11 as well, with Vancouver at 12 and Sydney at 13. Hong Kong is the usual autist at 18 in its own league To answer another comment here, Melbourne and Toronto are comparable, London is 20% better off, Austin and Dublin are half that bad, can't even compare