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World's 10 Most Unaffordable Cities Revealed


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Henri Bardot
47 minutes ago, Mirages said:

500 000€ with 2000€ salary is not that bad. Where I live the lowest income is around 300€ and the apartment I live in was 70 000€ short of 500 000€ and it's not even like a very big one just that it's downtown and renovated.

well you still gotta pay taxes, so let's say you win 2000 euros, you end up with 1800 euros or so. 

and my bad, a house costs from 400 000 euros to 5 000 000 euros. 

the thing here is that young qualified people can't afford a house in luxembourg

downtown, you're lucky if you find a house or an apartment that is cheaper than 900 000 euros.

most are over 1 000 000 euros. 

 

pooiota
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Mirages
21 minutes ago, Henri Bardot said:

well you still gotta pay taxes, so let's say you win 2000 euros, you end up with 1800 euros or so. 

and my bad, a house costs from 400 000 euros to 5 000 000 euros. 

the thing here is that young qualified people can't afford a house in luxembourg

downtown, you're lucky if you find a house or an apartment that is cheaper than 900 000 euros.

most are over 1 000 000 euros. 

 

That is still better I think but I understand why they move like I would have done the same thing. 

I'm the bitch that's fragile
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TimisaMonster

I'm planning to move to LA in a few months...:laughga:

Stream my new single, 💜"Heartbeat"💜, on Spotify!
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NewUsername
1 hour ago, Mirages said:

I'm shook New York City ain't on the list. Also shook San José and Honolulu are. 

me too!

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Mirages
4 minutes ago, TimisaMonster said:

I'm planning to move to LA in a few months...:laughga:

Good luck I guess :laughga: no but for real good luck :kara:

I'm the bitch that's fragile
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Lord Temptation

As an Aussie, I been knew :messga:

Australia, Canada and California...not surprised :messga:

All Pacific Ocean territories with high immigrant populations, especially Asian immigrants, especially Chinese immigrants.

Wonder what a slowing China and trade war with the US will impact have? :messga:

Almost all real estate projects in Sydney (where i live) are funded by the...guess who?! :messga:

1.6 billion people can’t be wrong :messga:

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Economy
2 hours ago, Varys said:

Can you post the source of this rankings? I would like to see which cities fall outside the top 10 

It's on the link but it only lists those 11 cities

 

The ranking is based on prices in relation to median incomes

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RAMROD
1 hour ago, andy69 said:

i guess all the people i know who have been priced out are poets and writers and adjunct professors. i don't consider that a "low tier job," and i think it's obvs very sad if a city is too expensive for those people--who play such a big part in making a city vibrant and alive--can't afford to live in it.

Tbh, if I can choose I'd rather have them around than these silicone valley new money bitchazzes, most of them that I talked with are unpleasant folks :triggered:

 

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Economy
6 minutes ago, Flora said:

I was expecting Tokyo and NYC in here

It's not just total cost. This is looking at cost in relation to incomes

 

NYC and Tokyo would have above National Average incomes also we can't just look at the core areas some expensive cities have cheaper outskirts as well 

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River

 

1 hour ago, Linus Gaga said:

Any Hong Kongers say Hi !!!! :vegas::saladga:

They can't afford the internet :laughga:

So sploosh your juice all over me you Riverboy
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Economy
2 hours ago, jylee said:

Don’t you mean RuVeal?

Kidding aside, do you see prices in Toronto going down at all? Even forgetting buying a house, rent is stupid expensive here too

Toronto took a very slight drop in prices in the last year after the new stress test laws for mortgages as well as rising rates

 

The drop was very small tho and when u factor in rising rates and the stress test it's actually even harder to buy a house now despite a slight drop last year

 

Vancouver took a harder fall in the last 1-2 years than Toronto but it's still the most expensive city in Canada

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17 minutes ago, River said:

 

They can't afford the internet :laughga:

It’s 3 am right now most of us are just asleep :trollga:

OT: I knew exactly Hong Kong would be on the list the moment I saw the title. 

I mean I make around USD$5000 a month which is not bad concerning I just graduated few months ago. Even for me I don’t think ever in my life I could afford a 2 bedroom apartment in the suburb.

The recent trade war affected economy of China and the Chinese stopped rushing to Hong Kong to buy houses to launder their money so affordability of houses improved these 3 months but still, it’s crazy. 

Don’t take this the wrong way I know I am privileged and I don’t mean to brag, just saying to give you guys a clearer picture, my family make around USD$25000 per month and our house is currently priced at around USD$4Mil. For people like us, it’s quite normal that we live in houses that cost USD$4-6mil. 

A normal middle class family that makes around USD$5-6000 now lives in houses that are around USD$1.2 mil.

I would say the cheapest shittiest 550sqft 3 bedroom apartment that is almost an hour away from the city that can barely fit a 4 people family is around USD$1mil.

Tell me how can we not be number one on the list. 

Im not even prouf of this number one. :saladga: I’m just another devastated Hong Konger.

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