True, your going North into Napa Valley, most of your more reasonable areas would be to the East. To get to " normal " housing prices you have to get to the valley , a long drive . Same scenario in LA area. I live in central valley, but used to live up north so familiar with discussed areas. Lots of people make the commute from valley to Bay Area, manyt work out tele commute deals for partial week, others rent out a room for work week and return to their homes for weekend. Why not find a job in the valley where homes are a fraction of the SF bay area/LA ? If they can find a job in these fields , they generally pay half or less. Yes it is a crazy state, and they tax your income, gas, and everything else. No easy choices, but you live with the choices you make. Got friends who do this, keep a positive attitude, and the make the best of it . I am sorry someone them its all Disneyland in Cali.
Apartments in Shanghai is decent. Have you ever lived there? Of course not. Chicken coops in HK, I am not even mentioning it; that's a case for United Nations. So now we are comparing to chicken coops now? Next to chicken coops, a closet is Shangri-La, is that it? LOL And besides do you know what kind of ppl live in chicken coops in HK? Butchers and cashiers that make minimum wage. These people are engineers who have a four-year university degree making six-figures a year!!! and they are living in a closet??!!
Another solution that I can see to this housing problem is telecommuting, working from home and just meet maybe once a month or several times in a year. With communication technology so advanced now, they can totally collaborate over video-conferencing, store everything with cloud storage and programming is individual work that can be done anywhere there is no need to be in an office. Less demand --> drop in price.
I have lived in Shanghai. Have you? Yup, didn't think so. A twin bed and a kitchen right next to it. Less then 300 sqft. Engineers making 6 figures a year in entry level jobs right out of university in Vancouver? LOLOLOL you are hitting the crack pipe too hard. I live right in DT Vancouver and my place is hardly a closet. Let's see how many Vancouverites are buying +1M houses? Exactly. Nobody is able to afford that. Blaming the foreign nationals is a nice scapegoat though. Should we blame the foreign nationals for climate change too? LOLOLOLOLOLOLOL. GTFO. You're a joke. Doctors cant afford houses, buy a condo then.
A condo IS a house. Ok you are just an idiot troll who's just juxtaposing words to try to win an argument. Putting on Ignore!
Do you need pop up pictures of the difference between a condo and a house? A condo is a house????? LOLOLOLOLOLOL. Learn english! These foreign buyers have better english than you!
Living in CT., knowing NYC more than well..I was gonna correct u on that 150 base being all u make but u beat me to it!
You really don't care about facts when you are trying to make a point. Rest of the world working 12hours a day ? https://stats.oecd.org/Index.aspx?DataSetCode=ANHRS http://www.fortune.com/2015/11/11/chart-work-week-oecd/ https://www.topuniversities.com/blog/differences-average-working-hours-around-world
Jsop buying a house in Shanghai and other tier 1 cities at least in China is regulated and not only difficult for foreigners. Actually last time i checked foreigners with a residence permit were allowed to buy 1 house (didn't cehck specifically for Shanghai though), it doesn t seem easy for chinese to buy in a city in which they don t have a local ID card. And i know some locals, coming other parts of the country, who buy using a friend's name (might be for their second house only, not sure, and different cities seem to have different regulations and implementations). Need trust in the guy and the way regulations evolve, as it quickly comes up to a couple of million USD even for an apartment. But it s fair to say China is not hurried in reciprocating trade and investment oportunities it gets from other countries
And obviously a condo is not a house, but I doubt there isn't a whole bunch of locals who can buy million+ houses, Canada is not a poor country and it is a moderate sum in most first world large cities. Also I had a discussion only a few days ago with a chinese family about the move they plan there (they already got the visa but still hesitate, it seems to depend on wether they get their kids in one of the good schools there- as is the case with many foreigners, they are probably wary of the local riff raff ) and the prices they mentioned for mid size homes were in multiple of CAD millions (the mother is looking at villas on some island by Vancouver )