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by manarth
55 days ago
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Median income in Tanzania is ≈ $1,800pa, so this property is around 5 times the median annual salary. That said, housing in first world countries is generally a significant multiple of annual median income. In the UK, banks typically lend at 3–4 × an individuals salary or 3 × a couple's combined salary, so a single median earner on around £40k could borrow £120k – £160k. The article notes the pricing is out-of-reach for many people in Tanzania, but it's also not wildly disconnected from salary:housing ratios in high-income economies. |
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