16 Years without Food and Water to Afford a House in Big Cities!
Study in China Union (Admissions.cn):
Rember that don't ask an ordinary Chinese the plan to purchase a house, it is really unreachable for most of workers in big cities.
Written by Admissions.cn.
How hard is it to afford a house in Big Cities—16 years without food and water!
How hard is it to afford a house?
According to data in 2015, an ordinary Chinese could only afford a house in small size (about 90 ㎡ for covered area) without food and water in the following 9.7 years. When it is detailed to specific region, the least affordable regions includes Hainan and Beijing. People in these two place need at least 16.6 and 16.4 years without food and water to purchase a house in small size.
How many years does it required ordinary people to buy a house in the city? For the salariat, it seems to be an unreachable dream without a definite answer.
One-year salary equals to 9.3 ㎡
The data released by National Bureau of Statistics shows that the annual salary for workers from non-private enterprises is RMB 63,241 (approximately $ 9,729), while the average price for commercial residential building is RMB 6,792/m2 (approximately $ 1,045/㎡).
So it means that, in 2015, if an ordinary Chinese runs out of his one-year salary for housing price, he can only afford 9.3 ㎡.
A house in small size requires struggling for 9.7 years without food and water
We have calculated the average salary and housing price. Now we can get that if an ordinary people wants to purchase a house, he needs to be a zombie for 9.7 years. Yeah, you are right, only zombies can live without food and water!
(The End.)