Originally Posted by
bargain hunter
hmm, business times seems to have omitted 2 paragraphs, the original bloomberg article said:
The survey rates middle-income housing affordability using the "median multiple", which is the median house price divided by the median household income.
It found that the most affordable major housing markets were in the United States, with housing prices 3.9 times household income, followed by Canada (4.3) and Singapore (4.6).
We should try mean income and see if it still makes sense. But Singapore mean income should be quite high...
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.