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Thursday, February 18, 2010

Affordable housing - 3 years of average income

According to this article, an affordable housing represents 3 years of average earnings. I have recommended that  the price should be not more than 4 to 5 years, so I am already stretching on the high side. Many people are buying properties representing 7 years or more of their earnings. I consider it to be far too high.

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