house price and income
By tybtgdh
@tybtgdh (36)
China
November 12, 2007 7:02pm CST
Recently in China, most of people like to talk about houses because the prices of houses go up so quickly. Take Beijing as an example, an old apartment built 20 years ago will be sold rmb13000-24000 for each square metres(equal to 1700-3000 dollars). Yet, the local Chinese people's income is quite low (avarage salary is 3000rmb (not less than 400 dollars). I am so confused. I wonder what is the approprite house price according to people's income level. Can you let me know in your country the house price and residents' average income. can most people bear the high rate? if they don't have ability to purchase a house, where do they live?
1 response
@teardrops (74)
• China
13 Nov 07
yes ,what you said is true,i think ,government should take more action to control the price of the house,the young generation can barely afford a house.
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