Quote:
Originally Posted by Nikolas
It's because of house prices. Houses are most expensive in Australia than in the USA. Rubbish like that article is meaningless.
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Actually, it seems pretty meaningful to me.
With 29% of the adults in the USA owning less than US$10,000, and presumably the 20% of those above them not being all that well off either, one would expect house prices to be cheaper in the USA. People can't afford to pay much for them, or to pay big enough rents to make the houses more valuable.
If one lives in a rich country, one expects house prices and rents to be higher than in poorer places.
Regards,
Renato