Home price-to-income ratios are skyrocketing in the world’s major cities.

Home price-to-income ratios are skyrocketing in the world's major cities.

In Shanghai, home price-to-income ratios just crossed 50x.

China now has 5 cities with home price-to-income ratios above 30x.

Even in New York City, home price-to-income ratios just hit 10x.

Living in… pic.twitter.com/C3rd30IF79

— The Kobeissi Letter (@KobeissiLetter) October 11, 2023