Well, for 2022 I found that the average wage is 2600¥ or 330€ per month (with enormous differencs between the regions). That means a flat is 4 annual salaries on average, assuming ithe 15000$ or 14000€. That’s not that much off a difference to Germany, where I am from.
So one could argue that this is just the advise “get a job and buy a house!!!” To a homeless person.
4x the annual median salary for a house sounds amazing to me. In the US, low cost of living areas can have a median income of $40k and houses will still cost $320k (8x your annual salary).
In areas like San Francisco, median income is around $140k while median house prices are $1.2M (8x the annual income).
So it seems that housing is twice as affordable in China and Germany.
I think there are more factors at play than you’re giving credit. For example, Germany has an average cost of 3000-5000 euro per m^3 which translates to ~$320-540/sqft. In the US the average cost of a house is ~$146/sqft in the south, ~$156/sqft in the midwest, ~$220/sqft in the north, and ~$195/sqft in the west. So while the 8x vs 4x comparison is accurate, you’re probably also getting 50% less house in Germany.
But absolute scale makes a difference, especially if you compare having a job or not, and how expensive it is to give a home to a homeless person. My impression was that they just give you an apartment for free.
The proper comparison would be complicated, when building and maintaining an apartment block, how much money is siphoned off as profit to the capitalists?
Also e.g. Germany has a lot of regulations which is sometimes nice, but also lead to higher costs. Like converting your car to electric isn’t done in Germany, because regulations demand you make an EMF test which costs something 5-10 thousand euro. So there are practically none. That held back private innovation for EVs. There are countless regulations for building too which might sound good on paper but have been tweaked to only benefit the capitalists and make costs go up and projects take forever.
Then in Germany you wouldn’t give an apartment as a homeless person for free, you’d have to show that you’re jobless and that has to be verified then they give you money then you can pay rent to someone. Although I’m not quite sure how the situation in Germany is overall.
Well, for 2022 I found that the average wage is 2600¥ or 330€ per month (with enormous differencs between the regions). That means a flat is 4 annual salaries on average, assuming ithe 15000$ or 14000€. That’s not that much off a difference to Germany, where I am from.
So one could argue that this is just the advise “get a job and buy a house!!!” To a homeless person.
4x the annual median salary for a house sounds amazing to me. In the US, low cost of living areas can have a median income of $40k and houses will still cost $320k (8x your annual salary). In areas like San Francisco, median income is around $140k while median house prices are $1.2M (8x the annual income).
So it seems that housing is twice as affordable in China and Germany.
But keep in mind that here you compare a house (!) in the US, to a single bedroom apartment in china. That is quite a difference.
I think there are more factors at play than you’re giving credit. For example, Germany has an average cost of 3000-5000 euro per m^3 which translates to ~$320-540/sqft. In the US the average cost of a house is ~$146/sqft in the south, ~$156/sqft in the midwest, ~$220/sqft in the north, and ~$195/sqft in the west. So while the 8x vs 4x comparison is accurate, you’re probably also getting 50% less house in Germany.
But absolute scale makes a difference, especially if you compare having a job or not, and how expensive it is to give a home to a homeless person. My impression was that they just give you an apartment for free.
The proper comparison would be complicated, when building and maintaining an apartment block, how much money is siphoned off as profit to the capitalists?
Also e.g. Germany has a lot of regulations which is sometimes nice, but also lead to higher costs. Like converting your car to electric isn’t done in Germany, because regulations demand you make an EMF test which costs something 5-10 thousand euro. So there are practically none. That held back private innovation for EVs. There are countless regulations for building too which might sound good on paper but have been tweaked to only benefit the capitalists and make costs go up and projects take forever.
Then in Germany you wouldn’t give an apartment as a homeless person for free, you’d have to show that you’re jobless and that has to be verified then they give you money then you can pay rent to someone. Although I’m not quite sure how the situation in Germany is overall.