And you thought Sydney property was expensive

And you thought Sydney property was expensive? These three cities make Sydney look like a nice place for a cheap weekender. Vancouver, San Fran, and Hong Kong all have a median house price to median household income ratio of 9 or more. Hong Kong takes the gold medal with an epic ratio of 15. Vancouver has a ratio of 10. The Economist reports: The likely culprit is an influx of foreign, and especially Chinese, capital, as people move money from the mainland to a safe and pretty spot. But exactly how much of Vancouver's property market is fuelled by foreigners, and how rapidly they might disappear, is uncertain. Although there are data on investor immigrants-those who have at least $800,000 to invest in order to fast track their application for Canadian citizenship-there isn't information on where they invest their money or how much goes into property. Here: (VIEW LINK)