Global Housing Crisis: Prices at 5-20x Income in Major Cities
US homes 5.5x income (was 3x). London 12x, Sydney 10x, Hong Kong 20x+. Root cause: restrictive zoning limits supply. Tokyo improved affordability through zoning reform. Vienna's 60% subsidized hous...
US homes 5.5x income (was 3x). London 12x, Sydney 10x, Hong Kong 20x+. Root cause: restrictive zoning limits supply. Tokyo improved affordability through zoning reform. Vienna's 60% subsidized housing works. Political challenge: existing homeowners benefit from restrictions.
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