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by LudwigNagasena
64 days ago
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Yet the rent in Paris is still too high for an average French resident; and while rent is lower than in San Diego, the price of an apartment is higher. And, of course, median salary in San Diego is far higher than in Paris. |
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It's obviously not just about more housing, but more housing per capita.
3% of the French population lives in Paris proper, and roughly 20% in the metropolitan area compared with 0.42% in San Diego and ~1% in San Diego MSA [1].
More hosing will help Paris along with San Diego to put downward pressure on prices.
[1] Wikipedia