Thursday, October 1, 2009

Is Your Home Price 7.6 Times Your Household Income?

 
 

Sent to you by MarcG via Google Reader:

 
 

via Salary.sg - Your Salary in Singapore by admin on 9/24/09

According to the Straits Times (Sep 19), median home prices in 2008 were about 16.3 times the median annual income that year. The article never mentioned if 16.3x is a bearable or even realistic figure for individual households. Using ST's median figures for 2008, if a household making $59,400/year were to buy a $970,000 condo, it [...]

 
 

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