can asia pacific anons explain this? i genuinely don't understand how it could be so bad
I care so much you fucking can't imagine.
>>218227216It already poppedalso 19.4 is ~wrong statistic for singapore our first home is heavily subsidized as a citizen, I earn below median wages and I can buy a house with 4-5 years if I save properly
>>218227216It's perfectly logical when you think about it. 95% of China is an African tier shithole but 5% are tier 1 cities. Everyone in China wants to live in the 5% that isn't a shithole
>>218227216> sf> nyand then those people dare whine that their housing is unaffordable
>>218227216>Tokyo twice compared to SFWhat the fuck is this bullshit. Living in Tokyo is actually affordable. You can rent for $500
>can asia pacific anons explain this? i genuinely don't understand how it could be so badThe housing bubble has already popped, or rather been dismantled by Chinese policies. 90% of Chinese people are homeowners. This is a nothingburger and outdated statistics.
>>218227216Shenzhen is basically China's Silicon Valley, that explains it.
>>218227216>Data from 2021That was before the bubble popped. Before Evergarden and Country Garden collapsed. Now assuming prices dropped by 50% and wages rose by 35% the figure should be at least 80% lower (excluding Hong Kong).
>>218229660>90% of Chinese people are homeowners.In their home village they visit twice a year, not in the city they actually work and live in.
>>218229952How many houses does the average Canadian own in their home city?
>>218229952They have bullet trains so they don't need to live in the city. I wish we had bullet trains here so I didn't have to move.
>>218227216>SF and NY is that lowi dont even need to look the source up to know it's entirely made up or skewed "study"
>>218229625San Francisco is a lot richer than Tokyo
>>218229625Do you have any idea how rich this country is? Tell me you didn't fall for reddit propaganda from James Smith (location: Jakarta) about how much of a collapsing shithole the US is.
>>218227216absolute BS statistic - probably what they did is they took the average national income - which in the case of China includes hundreds of millions of thirdie dirt farmers in inner Mongolia, and calculated how much it'd take to save up for an apt.People in Shenzen make almost West Euro wages, and while I guess real estate is still expensive, it's nowhere near this level
>>218231037It's price to income ratio. Chinese people don't earn as much.
>>218230950Some hick from Nongzhou isn't taking a bullet train (whuch doesn't connect to Nongzhou anyways) to work his delivery driver shift.I swear none of the China shills here have ever been to China or interacted eith Chinese people. It's true it's improving while the west is somewhat declining but life quality is still not close to equal for most people. You just want a magic solution to your shit life. But if you're a loser incel NEET in the west, you'd be dead in China.
