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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (2314)	7/5/2014 10:35:32 PM
From: Riskmgmt	Read Replies (1) \| Respond to of 2722

John, What I find interesting is that the USA is still one of the most affordable housing markets in the world, albeit that a few certain metros are not, the USA compares very favorably with the rest of the developed world. This is worth a read to see the big picture. www.demographia.com/dhi.pdf Example: All Markets: Among the 360 metropolitan markets, Ireland's were most affordable, with a Median Multiple of 2.8 (Figure 4). This is the most affordable national rating in the 10 years of the Survey. The United States was the second most affordable, at 3.4, followed by Canada (3.9) and Japan (4.0). The least affordable markets were in Hong Kong (14.9), Australia (5.5) and New Zealand (5.5), Singapore (5.1) and the United Kingdom (4.9). Housing Affordability & Land Regulation METROPOLITAN AREAS OVER 2,000,000 POPULATION Hong Kong Vancouver San Francisco Sydney Melbourne San Diego Los Angeles London (GLA) London Exurbs New York Toronto Brisbane Boston Seattle Miami Singapore Portland Birmingham (UK) Riverside-SB Montreal Denver Manchester Washington (DC) Sacramento Tokyo Leeds Baltimore, MD Philadelphia Phoenix Orlando Chicago Osaka-K-K San Antonio Tampa-STP Charlotte Houston Minneapolis-STP Dallas-FTW Kansas City St. Louis Cleveland Atlanta Detroit " I've been reading what has been written here in this blog, about the big metros and gateway city's appreciation in the America over the last few years. But not only is this happening in the USA but worldwide. London, Moscow, Paris all have seen tremendous demand pushing up prices. It seems illogical given the ubiquitous nature of the internet, out sourcing, work from home programs etc. Who wouldn't rather telecommute from a fair weathered tropical Island somewhere devoid of smog, traffic and the stress of a big metro. Yet it seems big metros are in big demand. Why? Is my question to you and this board? Want to put forward a theory? Is it really grey market money flooding in, or the young generations change of taste, preferring metros and public transport to self drive? Or perhaps that's where the jobs are? Each one of these reasons has been put forward as a reason for certain big Cities but none of them could explain such a broad worldwide phenomena IMHO? Ideas? Regards, R.