Americans have it easy when compared to the rest of the world (See how your city stacks up and try not to cry)

If you can believe it, most Americans have it easier than those outside the country

If the good ole U.S has an affordable housing crisis, then your neighbors to the north have it much worse. An example we discussed, Niagara Falls, Canada has much higher home prices than Niagara Falls, N.Y.

You can buy a fixer upper on the U.S side for around 40k [the cheapest price is 240k CAD on the Canadian side]. Up here that won’t get you a garage. Wages are not that much different from one side of the Niagara River to the other to justify the house price difference.

Canada, Australia, New Zealand are basically unaffordable places for the middle class to have any kind of normal life like in the 60s and 70s.

Besides the healthcare the majority of Americans are living an easier middle class lifestyle than the other commonwealth nations. Consumer goods, utilities, and most food items are much cheaper in the U.S.

Either way the middle class is disappearing in the majority of the English speaking countries. Like you said Chris, all done by design.

V – Toronto

For the average American, life is easier than elsewhere. Perhaps this is why the U.S. population has grown by 47 million since 2000

I definitely agree as the U.S. can ship off much of its inflationary dollar printing to the rest of the world.  The alt-media focus on the bubble cities here in the United States, but on a relative basis, house prices and the costs of living here in the U.S. are cheaper than in most other places around the globe when compared to incomes.

While expats leaving the United States to move to Central America view housing down there as dirt cheap, to those who have always lived in those nations, housing ratios are astronomical when compared to the numbers of American cities (look at the detailed sortable infographic below). For instance, to an American expat, the typical house in Lima, Peru may be cheap. But to the average Lima resident a house has a price/income ratio of 15.38. That means it takes over 15x the average household’s income to buy an average house in Lima. If you are an American moving down there, you will not gain any friends as the locals see you as responsible for those high prices.

Look at this difference. Houses in Rochester, NY are priced at 2.08x household income. I have been to Rochester and it is a decent city on the south side of Lake Ontario. In contrast, Toronto, which is situated on the north side of Lake Ontario, carries a housing stock price/income ratio of 13.91. If I lived in upstate NY, I would be buying as many properties as I could.

Look at the chart below to see how cities around the globe stack up to one another. Pay careful attention to the American cities. Even houses in the Washington D.C. area (price/income ratio of 4.3) are inexpensive when compared to other areas. The ranking of the 325 cities are based on price/income ratios. Click on each header to sort.

I already know how cheap housing is in many areas of the U.S. I have always believed that real estate investing in the United States can be one of the most profitable avenues still available to investors. Here in the United States, traditional investment analysis can still make sense. Imagine how low the capitalization rates and IRRs must be in many areas of the world with low affordability indexes. Even here in the Washington D.C. area I can still easily make positive cash flow on a property with a 4% mortgage and a 25% down payment.