Quote:
Originally Posted by Fbone
There will always be expensive real estate especially during the "booming" years that Australia recently experienced. The article did say prices were falling. It also mentions prices increased due to "restrictive land supply policies."
And the article doesn't say what Australia's average is as a whole.
Somehow they determined that the US has affordable housing. Now that's funny ... and not believable ... and apparently their data contains errors.
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The number for Australia as a whole is 5.5.
And the US has *extremely* affordable housing. Unless you live in California. My city, which is about the size of Perth, although with no ocean view, has a number of 2.4.
Here's a link to what they based their numbers on:
http://www.demographia.com/dhi.pdf