Where does America stand on the housing affordability index

H. C. Covington -- I CAN America (icanamerica@email.msn.com)
Tue, 8 Jun 1999 04:29:55 -0500


Subject: Housing Market

    Take the price of a typical house. Divide that by the average yearly
income per capita in a particular country. The result gives a number
called the *Housing Affordability Index*.

This number varies widely from
one country to another.

A low number meaning more affordable, and
a high number meaning less affordable.


Where does America stand on the housing affordability index when
compared with other modern nations ?

German investment banker Dresdner, Kleinwort, Benson
has published the following figures on the
housing affordability index :

US: 8.3,
France: 12.6,
Britain: 13,
Spain:15,
Netherlands: 17.5,
Ireland: 18.2,
Germany: 20,
Japan: 26.1.


Yet America has more homeless than all the others.  What does this say to you??

     -------------------------------------
H. C. Covington @  I CAN! America
P.O. Drawer 3444, Lafayette, LA 70502
icanamerica@msn.com
Voice 1-318-781-0216