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by KoftaBob
907 days ago
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For example, if we compare the average homes in the US vs Germany, which it would be reasonable to assume is occupied by those in the average income bracket of those countries: - The square footage in the American homes is almost double that of German homes, and European homes in general: https://mises.org/power-market/americans-have-much-more-livi... > you probably can't get much of this with the average (let alone median, which is usually the measure for this sort of thing) US income at all.
- Housing expenditure as percentage of the household income is lower in the US than pretty much everywhere in Europe, meaning American housing is more affordable with respect to American salaries: https://cdn.mises.org/styles/max_full/s3/hsgexpend_0.png - If we're talking cars, the same car will usually cost more in Germany than it does in the US, despite the US buyer having a higher income:
(Transportation section)
https://www.numbeo.com/cost-of-living/compare_countries_resu... |
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