Anyone who has followed the headlines in Hong Kong over the last few weeks will know two things: one, homes in the city are blisteringly expensive; and two, the Hong Kong government has money coming out of its ears.
First: the property market. Home prices have doubled in the last four years. As a result, a typical Hong Kong family would have to save every cent it earned for 14 years in order to pay for a typical flat in the city.
Even the minimum downpayment on a mortgage would eat up four full years of household income. It's no wonder people are protesting.
via Business feed http://www.scmp.com/business/article/1157755/how-make-two-problems-worse-just-one-policy
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