Ranked: The World’s Least Affordable Cities to Buy a Home

In certain parts of the world, housing prices have risen much faster than household incomes, making home ownership increasingly more difficult for the average Joe.

Using data from Demographia published in 2020, this graphic looks at some of the world’s most expensive housing markets.

The Least Affordable Housing Markets

It’s worth noting that this data looks at housing affordability specifically for middle-income earners. While it’s far from globally exhaustive, it measures affordability in 309 major metropolitan areas across Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the U.S., and the UK.

In this study, a city’s affordability is calculated by taking its median housing price and dividing it by the median household income.

Moderately Unaffordable: 3.1 to 4.0

Seriously Unaffordable: 4.1 to 5.0

Severely Unaffordable: 5.1+

All the cities on this graphic classify as severely unaffordable. Perhaps unsurprisingly, Hong Kong is the most unaffordable housing market—scoring 20.8 to take the top spot….[     ]

What do you think?

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WTF
WTF
2 months ago

so the Chinese have ruined the housing market for the whites in Canada and Australia is what they’re saying.

Only middle class whites. And technically younger middle class whites. If you were a boomer who bought a house there in the 1980’s or early 90’s you’ve made a killing.

Ms Merit
2 months ago

Rochester was once a pearl but never recovered from Roosevelt’s socialist policies that prolonged the great depression. It is a far cry from that now, just a shamble of a town with no purpose. Soon it will be as dead as Syracuse that lays in the wake of Carriers escape from the punishment of the socialists AKA Democrats. 

R Bases
2 months ago

Rochester or Cleveland, tough to decide. 

Natural
2 months ago

“Rust belt” is code for democrap blue zoo which are expensive carcasses as the makers have all left and the takers (4th generation on welfare, unions, etc.) remain.
At least the dems get eternal votes.

Frying Pan
2 months ago

LOL. they didn’t even mention Switzerland?? give me a break. you can’t even buy a single family house here for under $1 million..

Big Blue
2 months ago

Vancouver is now called Hong-couver.
Virtue signaling has a price. Even the unborn will pay it.

partial
2 months ago

What’s the common denominator of all these cities?
Laundered Chinese money

Zilverbacks
2 months ago

Do you think that it’s a coincidence that 5 of the most affordable are also in the top 25 of cities with the highest murder rates?

oneguy
2 months ago

People in New York City literally split a $4,000 one bedroom and put a fake wall across to split it and live. It’s pathetic

Nein
2 months ago

Deathwish 2021 – Buying a home in any city

teg
teg
2 months ago

every 5 people in Hong Kong 1 is living in poverty? 7.5m in Hong Kong so the visual capitalist data is saying there are 1.5m in Hong Kong that is in poverty? the ratio is way higher than 3rd world country.

if you walk around Los Angeles or even New York, i guarantee you there are more homeless living on the streets then in Hong Kong.  

Call Me Them
2 months ago

so the Chinese have ruined the housing market for the whites in Canada and Australia is what they’re saying.

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