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by bpt3 73 days ago
Why is the cost in 2010 the maximum limit for affordability? Chinese household income has (supposedly) increased significantly over that time.
1 comments

The price to income ratio is actually more damning:

https://en.macromicro.me/series/5433/china-housing-price-to-...

Considering the absolute number houses in China were not affordable at any point in recent history.

2010 is often cited as a reference point, most likely because it's when the Chinese stock market started experiencing a slump despite the initial post-2008 recovery, so investments shifted into real estate:

https://www.macrotrends.net/2592/shanghai-composite-index-ch...