Chinese people will need 30 years of disposible income to purchase an apartment; compare to 3 in the U.S.
Who can afford a condo with 3 years disposable income in the US? My spouse and I make above average money in a below average cost city and we couldn’t afford a condo here.
I think the definition of “disposable income” likely means the wage that reaches your bank account, i.e. wage - 401k, insurance etc.
In major city, this ratio is likely higher, but certainly no where near 30, but this data includes all of U.S. including rural areas with crazy cheap housing.
In fact, it is quite easy to get more “realistic” or “specific” statistics just by looking up the median wage and housing price in Boston, New York, Seattle, LA etc. v.s. Beijing, Shanghai, Guangzhou, Shenzhen etc.
If you are so eager to defend an authoritarian government, I believe it is better to present statistics with source, instead of downvoting others for no reason, or resort to your experience.
What statistics will you use? use wage - CPI? No matter what you use, I listed the Beijing median income, and beijing housing price. Unless you think making $10 per hour can somehow buy a 700k apartment, grabbing on the precise definition of one statistics doesn’t seem helpful to this discussion.
And you cannot deny the situation in the U.S. is not better than needing to buy 700k apartment with $10 wages.
Honestly, I am quite surprised how low tankies are willing to go to defend China. As a Chinese, it is very disheartening to me that people have never experienced or seen the suffering of living under an authoritarian government, are more willing to blindly defend it, than having a intellectual discussion.
Who can afford a condo with 3 years disposable income in the US? My spouse and I make above average money in a below average cost city and we couldn’t afford a condo here.
I think the definition of “disposable income” likely means the wage that reaches your bank account, i.e. wage - 401k, insurance etc.
In major city, this ratio is likely higher, but certainly no where near 30, but this data includes all of U.S. including rural areas with crazy cheap housing.
In fact, it is quite easy to get more “realistic” or “specific” statistics just by looking up the median wage and housing price in Boston, New York, Seattle, LA etc. v.s. Beijing, Shanghai, Guangzhou, Shenzhen etc.
If you are so eager to defend an authoritarian government, I believe it is better to present statistics with source, instead of downvoting others for no reason, or resort to your experience.
Well ain’t that a shit definition then
What statistics will you use? use wage - CPI? No matter what you use, I listed the Beijing median income, and beijing housing price. Unless you think making $10 per hour can somehow buy a 700k apartment, grabbing on the precise definition of one statistics doesn’t seem helpful to this discussion.
And you cannot deny the situation in the U.S. is not better than needing to buy 700k apartment with $10 wages.
Honestly, I am quite surprised how low tankies are willing to go to defend China. As a Chinese, it is very disheartening to me that people have never experienced or seen the suffering of living under an authoritarian government, are more willing to blindly defend it, than having a intellectual discussion.