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Ep 41: Shared-Equity Homeownership with William Cheung and Kelvin Wong

UCLA Housing Voice

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Shared Equity vs Limited Equity?

In your study, you need a way to compare entry and exit affordability for these programs between countries. You rely on the housing price to income ratio or PIR. And I'll also note that places like Japan tend to have very high PIRs because they have very low interest rates by world standards. But when you look at what they actually spend on mortgages, they're much more affordable than the ratio makes them seem. We can really feel that in the US right now where interest rates are very high and that's reduced buying power by something like 30%.

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