News for hackers. Stuff that matters.

A comment on China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks. Parent comment

Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks by LrnByTeach on Tuesday October 16, 2018 @08:22PM (#18234480)
>The median income in Beijing is around 18k RMB/month. The one bedroom we were renting was 7500 RMB/month.

The median income in Silicon valley California is around $7000/month. The one bedroom rent is $2000/month.

so it seems, Silicon valley and top Chinese cities comparable when it comes to expensive housing ...

[ Parent | on HN ]
Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks by seanmcdirmid on Tuesday October 16, 2018 @11:05PM (#18235816)
I mean, you aren’t wrong. China just has a housing bubble, it doesn’t really have a housing shortage like SV has. So while housing might be really expensive to buy, rents can still be very affordable.

Still, paying half your before tax income on rent vs, less than 30% is really significant.

[ Parent | on HN ]