Have you been to Singapore? Yes, most people own their home. But those homes are small flats in giant shared blocks. Your laundry hangs out the window and ther

Have you been to Singapore? Yes, most people own their home. But those homes are small flats in giant shared blocks. Your laundry hangs out the window and there are hawker markets on the ground level where everybody eats because there’s so little room to cook upstairs. How many Americans, or British, or Australians would settle for that? It ain’t 90%. Of course Singapore is an outlier, geographically. It’s a tiny island-nation-state. And by the way those ground-floor hawker markets are terrific; when you do go, make sure you visit a few. They’re a highlight. (Take cash!) Edit: “But at least”, you might say, “the private housing market in Singapore must be sane thanks to this incredibly high level of pseudo-public housing?”. To which I respond, lol, and invite you to browse listings for real estate. We have friends who live there and a nice (like, nice) house is currently renting for ~$25k/month.