I read an article today(02/2014) in Reality Trac that the median income need to purchase a median price house in San Fransico is $228,000. That was a staggering number in my mind, but what is even worse is the median price of a house in England. I say this because the median square foot of a house in England is 884sF and the median cost has gone over $400,000. That equates to $450sf. The reason prices increase so much in 2014 is because of a loosing of loan qualifications at the beginning of 2014.
Hong Kong has the most expensive housing on Earth by income; plus their median size house is 484sf in size. The second most expensive homes by income is in Vancouver Canada. I have an article about that in my blog.
Gene Hoffman
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