Introduction

7th yearbook DEMOGRAPHIA INTERNATIONAL trapping AFFORDABILITY SURVEY (data 3rd Qtr 2010) January 24, 2011 325 major URBAN MARKETS OF AUSTRALIA CANADA IRELAND NEW ZEALAND UNITED KINGDOM UNITED STATES & HONG KONG (CHINA) lodging AFFORDABILITY HOW DOES YOUR CITY RATE? INTRODUCTION The 2011 7th Annual Demographia International lodgement Affordability keep an eye on (data 3rd Qtr 2010) has been expanded to 325 urban markets of Australia (32 urban markets); Canada (35); Hong Kong, china (1); Ireland (5); New Zealand (8) United landed estate (33) and the United States (211). This Annual Survey has been called the gold standard for assessing hold affordability of the urban markets it covers and will be expanded to other markets going forward, as more naughty data on house prices and household incomes become available. HOUSING SHOULD NOT EXCEED 3.0 TIMES MEDIAN GROSS ANNUAL HOUSEHOLD INCOME For housing markets to rate as affordable, housing should not exceed three time gross annual household income (the Median Multiple). If this affordability threshold is breached, it indicates local political impediments to the furnish of affordable housing that need to be dealt with.

Housing markets are rated as affordable at or below 3 times gross annual household income (Median Multiple), moderately unaffordable at or below 4 times income, seriously unaffordable at or below 5 times income and above 5, rated sternly unaffordable. HONG KONG MOST naughtily UNAFFORDABLE METROPOLITAN AREA AUSTRALIA MOST SEVERELY UNAFFORDABLE COUNTRY Hong Kong has the virtually unaffordable housing of the 325 urban markets surveyed, with housing at 11.4 times household income, followed by Sydney, Australia at 9.6 and Vancouver, Canada at 9.5 Of the countries surveyed, Australia (32 urban markets) has the most intense housing stress with housing prices at 6.1 times household incomes, followed by New Zealand (8) at 5.3 times, United Kingdom (33) at 5.2, Ireland (4) at 4.0, Canada (35) 3.4 and... If you want to get a full moon essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .