Good luck affording a house in any of these cities
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If you recently won the lottery, have strong feelings about caviar brands or have a favorite private pilot, this probably doesn't apply to you. But for everyone else, it might be good to know that your dream of homeownership might as well be a fantasy in several cities.
The annual Demographia International Housing Affordability report put together a list of cities across the Anglosphere (plus Hong Kong and Singapore) that are "impossibly unaffordable," thanks to investor-driven house buying
Which cities are on the list? Hong Kong leads the way, but after that, the Top Ten is dominated by Australia, Canada, and the US -- especially on the Pacific Coast.
????? Hilary Whiteman has the list here, along with a closer look at what's pushing prices so high.
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Business Owner at J. R Pain Management
9 个月There are tons of houses for sale in the east end of town. Run down homes. All it takes is a group of creative teenagers to change that area from being drug infested and run down to upscale and open for business.
Business Owner at J. R Pain Management
9 个月Kids have to get creative. We had no phone or TV and were very creative. You can’t watch, you have to do.
Business Owner at J. R Pain Management
9 个月You put a story around your house when you sell it. Find out some history on it.
Business Owner at J. R Pain Management
9 个月as a teenager we bought a really badly run down house for 16,000. It was 60 years old. Sold it for 120,000. That was back in 1995. You have to take care of your property.