And yet their home ownership is still greater than 90%. Ownership is for your lifetime without property tax. Yes families work together to afford homes but it is normal in asian cultures to live with your family for a long time. I wouldn’t call their housing situation comparable to the US.
All Chinese tier 1 and 2 cities face the same issue as US. People can’t afford to buy housing on their income unless families help out.
And yet their home ownership is still greater than 90%. Ownership is for your lifetime without property tax. Yes families work together to afford homes but it is normal in asian cultures to live with your family for a long time. I wouldn’t call their housing situation comparable to the US.
93% actually.
Land of opportunity and freedom: 67%
If the whole extended family lives together then their situation isn’t really the same either