I don't think I'm misreading 129,600, times ten, is 1,296,000. Did I misundersta... | Hacker News

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		cheschire on Oct 30, 2021 \| parent \| context \| favorite \| on: U.S. house prices are rising exponentially faster ... I don't think I'm misreading 129,600, times ten, is 1,296,000. Did I misunderstand which number they were asserting was 10x? I re-read the post, still looks like they're implying a 1.2 million euro price average for housing even outside of cities.

Nitrolo on Oct 30, 2021 [–]

I think they meant ten times the average income, i.e. 240.000€, which sounds about right to me, obviously going higher near big cities.

zefool on Nov 5, 2021 | [–]

The average income in Germany is most certainly not in the 200Ks, and if that sounds about right to you, you need to seriously adjust your priors.

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