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.
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.