So basically the only nations with affordable housing are godforsaken hellholes and South Africa (which is just a heckhole)
TheWeisGuy on
I mean the cheap housing in the US is probably in like middle-of-nowhereville. It’s not cheap in places most would want to live
Dazzling-Pitch671 on
Idk
[deleted] on
[deleted]
hornsmasher177 on
Yet people do buy houses in impossibly affordable countries…
bambarby on
Dog shit map
dovetc on
I’m surprised by Australia. From everything I’ve read online over the years I would have assumed they had it at least as bad as Canada.
Gold_Telephone_7192 on
Important perspectives for Americans. I know Redditors like to talk about the US being the worst country on earth, but many things are better here than in most other countries. If you think it’s hard to own a house in the US, try buying one in Europe or Canada
bellerinho on
Just doesn’t make much sense to do this at an entire country level. There are enormous housing affordability differences within each country
For example, no one can afford to live in places like San Francisco or Bozeman or Jackson Hole, but you could live in Memphis or Albuquerque for relatively affordable prices
LundiMartes on
For example I bought a house priced 250k $ in Turkiye which is not even highest priced area, just a regular apartment block 3+1. For such a low income country prices is really huge.
ContinuumGuy on
The thing with maps like this is that since it goes with an entire country it erases the vast differences inside a country. Parts the US are probably worse in price than anywhere else in the world, and other parts are better than anywhere else.
gtfckdbrnlssbts on
ah, yeah. they surely have data on North Korea lmao that alone should make you question the whole map
Cold-Boysenberry-105 on
UN declares entire world impossible.
Endless_5uffering on
The US looks a decent bit better than it is for the average American, mostly due to how fucked the income inequality is (certainly not just because of fly-over states).
landlord-eater on
Literally 90% of Chinese own their own homes lmao what is this insane map
Working_Elephant5344 on
I think it’s less about housing being cheap in the US and more about Americans earning 3-5 times their counterparts in Canada and much of Europe. This map focuses on a ratio.
chimugukuru on
Now break down the US by states. I’m from Hawaiʻi. We’re definitely in the ‘impossibly unaffordable’ category.
Urogallo40 on
Spain, even bad, is better than most EU countries, because it has many secondary cities and villages with quite affordable prices. Big cities are much more expensive.
Realistic-Homework19 on
Turns out the situation in the Netherlands is not that bad after all, comparatively. Didn’t expect that.
delcooper11 on
where’s the second “seriously unaffordable” country? did they count alaska as a separate one?
ArtisticOperation399 on
The pain of not being born in South Africa. Land of opportunity. What I wouldn’t give.
gigalongdong on
China being highly unaffordable yet 91% of adults being homeowners makes me doubt the validity of the data entirely.
UpstateNYDad02 on
North Korea is pretty affordable LOL
Yitastics on
Americans like to say their house market is absurdly expensive, they often make it sound worse than it actually is.
Its the same where I live, we are having a “housing crisis” but that is mostly only if you rent. My and a couple of friends of mine have bought a house in the last ~3 years while being in our 20’s. It only becomes hard to buy a house if you earn the minimum, which is to be expected if your income is low.
Green-Draw8688 on
The Saudi / UAE figures are likely skewed by the fact that citizen’s houses are heavily subsidised by the government such that they cost them very little. Most expat residents will be very far away from affording to buy property,
Jealous_Tutor_5135 on
Relatively speaking, if nothing is affordable, everything is affordable right?
littypika on
North Korea being moderately unaffordable, compared to the rest of the world being either severely unaffordable or impossible unaffordable is an insane statistic.
Dotcaprachiappa on
This is median house price to median income ratio I suppose?
Dominyck on
Hold on, so you are saying, United States…. not so expensive? Damn, I guess I just need to lock in.
ObjectiveAside3266 on
I immediately noticed that the Data is incorrect
Basically the whole world is ‘impossible’?
Well, that’s impossible
Second point: affordable ends at 3? That’s a real joke
balderdash9 on
Capitalism has outlived its purpose. It’s time to move on.
Scared_Afternoon_164 on
In my region of Canada I just bought a beautiful triplex as a rental/living unit for $610,000 CAD
Same Triplex in Vancouver would be 1.5 million or more.
brain_fartin on
Yay,, modern techno-feudalism. You’ll own nothing, and you’ll like it
jameson71 on
I’m here waiting for the children I see in every Reddit thread about housing to tell us that it’s unfair how expensive housing is in the US and that old folks should just die so that the children can have the house they want in the neighborhood they want right now.
Dangerous_Leg4584 on
Canada is very misleading. The big cities are unaffordable but there are many smaller towns and rural areas where it is still very affordable.
jimbo_oh on
Canada is over that Ratio! 10-15 times !
StuffyTruck on
How do they compensate for regional differences inside a country?
It’s easily 10 times the price between non-desirable and highly desirable places here.
37 Comments
So basically the only nations with affordable housing are godforsaken hellholes and South Africa (which is just a heckhole)
I mean the cheap housing in the US is probably in like middle-of-nowhereville. It’s not cheap in places most would want to live
Idk
[deleted]
Yet people do buy houses in impossibly affordable countries…
Dog shit map
I’m surprised by Australia. From everything I’ve read online over the years I would have assumed they had it at least as bad as Canada.
Important perspectives for Americans. I know Redditors like to talk about the US being the worst country on earth, but many things are better here than in most other countries. If you think it’s hard to own a house in the US, try buying one in Europe or Canada
Just doesn’t make much sense to do this at an entire country level. There are enormous housing affordability differences within each country
For example, no one can afford to live in places like San Francisco or Bozeman or Jackson Hole, but you could live in Memphis or Albuquerque for relatively affordable prices
For example I bought a house priced 250k $ in Turkiye which is not even highest priced area, just a regular apartment block 3+1. For such a low income country prices is really huge.
The thing with maps like this is that since it goes with an entire country it erases the vast differences inside a country. Parts the US are probably worse in price than anywhere else in the world, and other parts are better than anywhere else.
ah, yeah. they surely have data on North Korea lmao that alone should make you question the whole map
UN declares entire world impossible.
The US looks a decent bit better than it is for the average American, mostly due to how fucked the income inequality is (certainly not just because of fly-over states).
Literally 90% of Chinese own their own homes lmao what is this insane map
I think it’s less about housing being cheap in the US and more about Americans earning 3-5 times their counterparts in Canada and much of Europe. This map focuses on a ratio.
Now break down the US by states. I’m from Hawaiʻi. We’re definitely in the ‘impossibly unaffordable’ category.
Spain, even bad, is better than most EU countries, because it has many secondary cities and villages with quite affordable prices. Big cities are much more expensive.
Turns out the situation in the Netherlands is not that bad after all, comparatively. Didn’t expect that.
where’s the second “seriously unaffordable” country? did they count alaska as a separate one?
The pain of not being born in South Africa. Land of opportunity. What I wouldn’t give.
China being highly unaffordable yet 91% of adults being homeowners makes me doubt the validity of the data entirely.
North Korea is pretty affordable LOL
Americans like to say their house market is absurdly expensive, they often make it sound worse than it actually is.
Its the same where I live, we are having a “housing crisis” but that is mostly only if you rent. My and a couple of friends of mine have bought a house in the last ~3 years while being in our 20’s. It only becomes hard to buy a house if you earn the minimum, which is to be expected if your income is low.
The Saudi / UAE figures are likely skewed by the fact that citizen’s houses are heavily subsidised by the government such that they cost them very little. Most expat residents will be very far away from affording to buy property,
Relatively speaking, if nothing is affordable, everything is affordable right?
North Korea being moderately unaffordable, compared to the rest of the world being either severely unaffordable or impossible unaffordable is an insane statistic.
This is median house price to median income ratio I suppose?
Hold on, so you are saying, United States…. not so expensive? Damn, I guess I just need to lock in.
I immediately noticed that the Data is incorrect
Basically the whole world is ‘impossible’?
Well, that’s impossible
Second point: affordable ends at 3? That’s a real joke
Capitalism has outlived its purpose. It’s time to move on.
In my region of Canada I just bought a beautiful triplex as a rental/living unit for $610,000 CAD
Same Triplex in Vancouver would be 1.5 million or more.
Yay,, modern techno-feudalism. You’ll own nothing, and you’ll like it
I’m here waiting for the children I see in every Reddit thread about housing to tell us that it’s unfair how expensive housing is in the US and that old folks should just die so that the children can have the house they want in the neighborhood they want right now.
Canada is very misleading. The big cities are unaffordable but there are many smaller towns and rural areas where it is still very affordable.
Canada is over that Ratio! 10-15 times !
How do they compensate for regional differences inside a country?
It’s easily 10 times the price between non-desirable and highly desirable places here.