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    [OC] Wie viele Gehaltsjahre man braucht, um ein Haus zu kaufen – 1990 vs. 2024

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    2. exomeme on

      Is this normalized for Single Family Homes vs condos?

      …eg, the proportion of buys for each may vary over time.

    3. StanknBeans on

      Am Canadian. Must be lucky because the 1990’s 3.5x is pretty bang on for me.

    4. themodgepodge on

      Is „house“ here specifically a single-family detached home? i.e. could results be partially affected by some parts of the world having very few SF detached homes compared to apartments, terraced houses, etc.?

      Some countries on this list have heavily developed high-rise or attached residential buildings over the period in the graphic, but not much detached. I’m curious how much detached homes becoming rarer affects their price vs. other options.

    6. Judge_Merek on

      Is it worth noting Hong Kong was under the UK until 1997? Not sure if that factors

    8. Evil_Merlin on

      The US looks moderate? It’s the 4th from the bottom. Which means there are 16 nations rated worse, and 3 better…

    11. BuvantduPotatoSpirit on

      Bad news for people who save up 100% of the purchase price before buying a house.

    14. flame_work on

      Wait for a few decades. Due to fertility rate i’ll be easier, like Jpn 🙁

    15. Auspectress on

      Why only most top advanced economies? What about places like Poland, Egypt, Brazil, etc? Except Spain all countries are in top 5% most advanced economies with GDP per capita being at min 4x that of wold average.

      Difficult to take any conclusion from this graph with this low amount of data and at very specific criteria that won’t show bigger picture

    16. ketosoy on

      Isnt this seriously confounded by  “do the poorer residents buy or rent” 

    17. Moist_Farmer3548 on

      Would be better if it was ordered by multiple in 2024. I’m not sure what you have used for ordering it, but it makes comparison a little more difficult. 

    18. Dracogame on

      Italy is deceptive. Cities where people actually want to live the prices skyrocketed. But there’s a lot of small towns in the middle of nowhere where prices went down. 

    19. PuffyPanda200 on

      If Shanghai was on this it would be at around 37, more than double the hong Kong number.

      Chinese house prices are crazy.

    21. Candid_Cat_5921 on

      Japan’s drop makes sense because their population is plummeting, especially the younger generations. So there a lot less demand than supply now.

      With the falling birthrates and reduced immigration in the US, I wouldn’t be surprised if we start seeing a big drop over the next 5 years here too. The signs are already slightly visible as you look at the number of homes up for sale compared to those that sell. Sellers and agents just aren’t willing to accept the reality, so instead of dropping the prices majorly, they just let the houses sit on the market for months and months before pulling them.

    22. Difficult-Cricket541 on

      so its not just the US. its most of the developed world. only place that is the opposite is China. The government built so many apartments they had to blow them up. No one would buy it. the thought is that it was corruption and creating jobs. However, if you look at chinese apartments they are small, cheaply made, and ugly. virtually no one has an actual single family home. too many people. most people in cities live in 50 story towers in tiny and ugly apartments.

    23. sithelephant on

      You can’t quite do this and have a very valid graph that means what it appears to on the title.

      Not subtracting off from income (I assume that it’s post-tax income) unavoidable costs for 99% of people, such as food, heating, … makes today look more affordable than it is.

    24. diago1408 on

      How is „home“ defined? Single family detached home? Condo? Townhome? This matters a lot for dense urban populations.

    27. urattentionworthmore on

      Damn near impossible to conflate all the the housing economies represented across the U.S.

    28. tsardonicpseudonomi on

      Hong Kong is a city. Why is it in here with countries? You’re comparing tadpoles to lemonade.

    29. Cbsandifer on

      Living in the US. Good perspective but simplified not taking into account geography given the US size.

      Interesting to see if it scales the same Rome vs NYC and Sydney vs LA. Then maybe a “mid-market” like Charlotte or Dallas vs whatever those may be in the top handful.

    30. MoralMiscreant on

      How is Singapore so cheap? When I lived there a decade ago, my rent was $3k for a 2 br apartment.

      I guess it could be the whole 99 year lease instead of permanent ovmwnership, I guess

    31. Spiritak on

      The worst onea are not even there. I am from Czechia and we are the worst together with Slovakia in whole EU. Its like 14-15 years if you check the data.

      So Its kind of funny you Havel Italy, Denmark or Spain from EU with 6 years and then us with 13+ years.

    32. thecraftybee1981 on

      I do not think the figures for the UK have not been calculated properly. The median property in England for 2024 was £295k – it would have been less for the UK as a whole, but use that as a basis.

      The median “disposable” household income for the UK is £36700. Using that figure you would have a ratio of x8.0 which is close enough to the figure presented here, but is markedly different to how it’s described – median household income.

      The median full-time worker (30+hours per week) earned £37400 in 2024. That would give a ratio of 7.9.

      The median average worker (full timers plus part timers) would have earned around £33700 in 2024, and that comes out as a ratio of 8.8 shown here.

      That makes me think that this graph shows the ratio of median property prices to an **individual worker’s income**, not a household’s income, which would be higher.

      Is it the same for other countries?

    33. Sir-Viette on

      The data is wrong. In Australia it’s 14.1x, not 8.8x

      Source: The Australian Bureau of Statistics and their [Data By Region page](https://dbr.abs.gov.au/region.html?lyr=aus&rgn=AUS). In 2024, the median price of a house was $780,000. The median income was $55,000. That’s 14.1 times.

      It’s much higher in cities like [Sydney](https://dbr.abs.gov.au/region.html?lyr=gccsa&rgn=1GSYD) (24x), and higher still in expensive suburbs like [Rose Bay](https://dbr.abs.gov.au/region.html?lyr=sa2&rgn=118011346) (88.75x)

    34. DangerousPurpose5661 on

      Id like to see that with some sort of taxation adjustment.

      Im Canadian, and I’d take HK ratios if it comes with the same tax rate

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