Re:Let's build houses for people, not cars
by hammock on Tuesday August 27, 2019 @12:53PM
(#20811824)
I'm not talking about average rent. I'm talking about supply of affordable housing units.
45% of Hong Kongers live in public or subsidized housing.[1] That's over 3 million people. That's a lot of affordable housing, in a very dense city!
You suggested suburbs would be better. Can you name any city's suburb(s) that has enough affordable housing for 3 million people?
Re:Let's build houses for people, not cars
by CapricornNoble on Tuesday August 27, 2019 @01:24PM
(#20812221)
>>>Can you name any city's suburb(s) that has enough affordable housing for 3 million people?
Sure: Yokohama, if you'll accept a city of 3.7 million as a "suburb" of a city of 14 million+. Just as a rough guide, compare these two results: [1][2]. The lowest Yokohama rents are HALF of the lowest HK ones, and I'm fairly confident that lower-class/lower-middle class incomes are not doubled in HK.
[1]https://realestate.co.jp/en/rent/listing?order=12A&page=1&pr...
[2]https://www.squarefoot.com.hk/en/rent/list/?sortBy=price-asc
This Tableau/OpenStreetMap chart isn't quite displaying correctly for me but it paints a bleak picture of California's affordability. Not sure if you can scroll over to NYC.[2]
This last source has London, NYC, and HK all in its "most expensive" 5 (from an odd assortment of cities) for rent-to-income ratio.[3]
[1]https://www.numbeo.com/property-investment/gmaps_rankings.js...
[2]https://www.cnbc.com/2019/03/07/heres-the-share-of-income-th...
[3]https://www.weetas.com/article/rent-income-ratio-17-major-ci...