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Guest wrongmove

International Housing Affordability Survey: 2006

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Guest wrongmove


Just came across this in a posting by Lucky Warthog on TMF. I haven't got time to read it now, but it looks interesting.

Most Unaffordable Markets: The least affordable markets are generally in California, Hawaii, the

US east coast, Australia, the United Kingdom, New Zealand and Vancouver. The most unaffordable

market is Los Angeles & Orange County, with a Median Multiple of 11.2, far above the “severely

unaffordable” threshold of 5.1. The Median Multiple is 8.5 in Sydney, 6.9 in London, 6.6 in

Auckland, 6.6 in Vancouver and 6.0 in Dublin (Table 2).

The most pervasive housing affordability crisis is in Australia, where all markets in metropolitan

areas with more than 1,000,000 have Median Multiples of 6.0 or higher. Affordability is only

marginally better in Ireland, New Zealand and the United Kingdom.

Edited by wrongmove

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Guest wrongmove

Another quote

"Smaller House and Lot Sizes in Ireland and the United Kingdom: Ireland and the United

Kingdom are building houses far smaller than in the other four nations. Moreover, the UK and

Ireland are crowding three or more houses on the same land that would be used for a single house

in Australia and six or more compared to the United States. The Median Multiple, as presented, is

not adjusted for differences in house or lot (block or section) size."

That's cr@p - 1 US house = 1.5 Oz houses = 6 UK houses !!

Where is the green vomity emoticon when you need it ?

I'll have to make do with :blink::huh::o :angry:

edit: I managed to get the green vomity one into the title at least !

Edited by wrongmove

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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