this post was submitted on 31 Mar 2025
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Recently found a pretty interesting video about China and how they combat homelessness (sorry on reddit). You can buy a 1 room apartment for $15.000 and the monthly costs are minimal. Of course I don't truly know if there really isn't any homelessness in China, but we absolutely have the technology to solve this problem lol
Well, for 2022 I found that the average wage is 2600¥ or 330€ per month (with enormous differencs between the regions). That means a flat is 4 annual salaries on average, assuming ithe 15000$ or 14000€. That's not that much off a difference to Germany, where I am from.
So one could argue that this is just the advise "get a job and buy a house!!!" To a homeless person.
4x the annual median salary for a house sounds amazing to me. In the US, low cost of living areas can have a median income of $40k and houses will still cost $320k (8x your annual salary). In areas like San Francisco, median income is around $140k while median house prices are $1.2M (8x the annual income).
So it seems that housing is twice as affordable in China and Germany.
But keep in mind that here you compare a house (!) in the US, to a single bedroom apartment in china. That is quite a difference.