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3rd least is NOT an exaggeration, it is straight from the paper you linked to (bottom of page 10.) It is third in the AUTHOR's chosen metric: "Median Multiple"
by aaronblohowiak 13y ago
3rd least is NOT an exaggeration, it is straight from the paper you linked to (bottom of page 10.) It is third in the AUTHOR's chosen metric: "Median Multiple" which compares raw price to income.
A valid criticism would be that this is really measuring debt/rent tolerance in the target markets, but I digress.
- usaar333 13y ago"3rd least in the world" is an exaggeration. "3rd least among Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, UK, and USA" would be valid.
- aaronblohowiak 13y agoah, i re-read the paper and you're absolutely right.