Hello everyone! As I am working in a real estate company, I feel curious about the housing price level of different countries or areas. In China, especially in the motropolises such as Beijing, Shanghai and Shenzhen, the housing price has been fully criticized and complained by people. In some cities, one can only afford a house with salaries of decades when they must eat or buy nothing else.
I also hope the housing price of my city, which is a small one lies in the east of Pearl River Delta of Guangdong, could go lower and lower. But in fact I am totally aware of that it's just a dream that could never come true. However, compared with the neighbor cities Guangzhou and Shenzhen, the housing price here is absolutely a drop in the bucket. And I can aford it much easier than those who live in Shenzhen. It may take several years to save the down payment and more than a decade to pay the mortgage monthly for most people here, without reducing the welfare of life.
How about the situation in your living city? I really wonder if people of other countries or areas also take a life as ""slaves of the housing". Welcome to tell me more or correct my English~
The median house price is about 3 times the median annual income of families in Wichita. Since families have other expenses, all their income can not go toward the house so it would realistically take more than 3 years. However, it is very cheap for a U.S. city, aparently the least expensive city out of the 50 largest cities in the U.S. Wichita is a very good place to live with lower than average unemployment, low housing cost, and it is pretty safe. The downside is that our climate is hot in the summer, cold in the winter, and windy most all year long.
Did you mean it would take 3 years or so for a family to buy a house and 5 years for an individual in Wichita? That is really cheap compared with most China's cities!
I can understand the living style you take for I also experienced years ago. Are you at school or at work now? And I wonder how could brazil's economy has become worse and worse these year for I remember that even just years ago Brazil did well in the economy development.
Yes, I mean the total price, of course.
I live in the suburbs. It takes between 20 to 40 minutes to go to downtown depending on the traffic.
The minimum wage is the same in the whole country (880 reais), but as I live in the capital most people make more (between 1000 and 2000)