I find it amazing that neither San Fran or L.A are in that list. Those two places are joke what you get for a million dollars. Just a very ordinary house.
I guess if you look at the prices in terms of expense related to income, then that's probably why; there are a lot of very high income earners in these two cities, but I don't think it is refelctive; I reckon that the amount of income for the high earners is SOO high that it distorts the real average.
This is probably the case with Sydney too I reckon; a good number of exhorbitent wages distort what the majority are earning, making it appear higher, thus making it appear houses cheaper.
Methinks the list is not very accurate.
I guess if you look at the prices in terms of expense related to income, then that's probably why; there are a lot of very high income earners in these two cities, but I don't think it is refelctive; I reckon that the amount of income for the high earners is SOO high that it distorts the real average.
This is probably the case with Sydney too I reckon; a good number of exhorbitent wages distort what the majority are earning, making it appear higher, thus making it appear houses cheaper.
Methinks the list is not very accurate.