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Housing Affordability: What You’d Get Around the Globe
Affordability looks different depending on the location. The average U.S. salary, for example, gets you 670 square feet, while the average buyer in Britain can only afford around 215 square feet, about 68 percent less. A new report by Homes.com researches the cost-per-square-foot of homes in all OECD countries the Organisation for Economic Co-operation, which is a group dedicated to the economic and social well-being of people around the world and also takes into account the median annual household income in each one with a multiplier of three times to measure affordability.
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