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> The real estate market in the US is one of the cheapest in the world relative to incomes. This hints at a fairly incomplete puzzle. For example :A low-end U
by WarOnPrivacy 3y ago
> The real estate market in the US is one of the cheapest in the world relative to incomes.
This hints at a fairly incomplete puzzle.
For example :A low-end US residence requires 4+ typical income earners to meet minimal bills needed to stay housed.
That would imply that in most of the world, a typical household has a much higher number of income earners living in the residence - they have many earning-adults under one roof.
I'm skeptical that most of the world is dominated by 5-10 adults living in US sized houses. So what's the rest of the picture look like?