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A comment on Inflation and the housing question. Parent comment

Re:Inflation and the housing question by asdfasgasdgasdg on Monday March 21, 2022 @07:59PM (#30761300)
> For example, my Googling seems to suggest that you could buy a 4BR in a new neighbourhood for under 350k. A new estate in Melbourne would be double that, with no public transport or other amenities.

It's worth noting that Singapore's average household income is around 1/5th that of Australia.

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Re:Inflation and the housing question by AussieWog93 on Monday March 21, 2022 @10:09PM (#30762058)
>It's worth noting that Singapore's average household income is around 1/5th that of Australia.

A quick Google shows an average household income of $116k AUD for Aussies, and $114k SGD for (resident) Singaporeans. Current exchange rates peg 1 SGD to 0.997 AUD.

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Re:Inflation and the housing question by asdfasgasdgasdg on Monday March 21, 2022 @10:27PM (#30762146)
Yikes, I'm struggling to see how I got Singapore's income numbers so wrong. I think maybe I misstook the monthly income for the annual? In any case, you're quite right. My previous point was invalid. Unless I'm missing something, I was incorrect about the relative prices of housing in Singapore and Australia.
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Re:Inflation and the housing question by AussieWog93 on Tuesday March 22, 2022 @01:42AM (#30763054)
Maybe you were reading a stat for foreign (non-resident) workers? They have a bit of a weird caste-esque system where foreign workers from Burma/Indonedia/Phillipines get paid a pittance.
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Re:Inflation and the housing question by woleium on Monday March 21, 2022 @11:36PM (#30762481)
nice followup :)
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