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Million Dollar Homes - Where Should "How Money Works" Live?
Patrick Boyle On Finance
How Much Does a Million Dollar Home Cost?
The average home in the UK costs $362,000 while central London housing prices average to $1.6 million. In Shanghai house prices trade at 49 times average income. The Greeks come in at 4.3 times income similar to what Americans pay. It would appear that the Americans are doing okay. They're spending less of their incomes on housing than the rest of the world is meaning that they have more to spend on other things.
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