> Tokyo has 35 MM people, almost double the second largest first world city (Seoul, 21 MM), and has housing prices to income ratios far lower than London, New Y

> Tokyo has 35 MM people, almost double the second largest first world city (Seoul, 21 MM), and has housing prices to income ratios far lower than London, New York, or Los Angeles. What about house size? I looked into the original study linked there [1], and it does have a section about house size, but I couldn't figure out if and how they control for size when calculating the median house price. If they don't control for size, then it's not very surprising that Tokyo scores better than the US cities, given that the median Tokyo house is about half the size of the median US house. [1] http://www.demographia.com/dhi.pdf http://www.demographia.com/dhi.pdf