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Why is the cost in 2010 the maximum limit for affordability? Chinese household income has (supposedly) increased significantly over that time.
by bpt3 6mo ago
Why is the cost in 2010 the maximum limit for affordability? Chinese household income has (supposedly) increased significantly over that time.
- Tade0 6mo agoThe price to income ratio is actually more damning: https://en.macromicro.me/series/5433/china-housing-price-to-income-ratio?utm https://en.macromicro.me/series/5433/china-housing-price-to-... Considering the absolute number houses in China were not affordable at any point in recent history. 2010 is often cited as a reference point, most likely because it's when the Chinese stock market started experiencing a slump despite the initial post-2008 recovery, so investments shifted into real estate: https://www.macrotrends.net/2592/shanghai-composite-index-china-stock-market-chart-data https://www.macrotrends.net/2592/shanghai-composite-index-ch...