Detroit has the most affordable housing in six countries

It's cheaper to buy here than in Australia, Canada, Ireland, New Zealand, and the U.K. So, to all of you in those countries from all of us here, please, come on over and buy our houses... and live in them.

Excerpt:

Released late last month, the 6th Annual Demographia International Housing Affordability Survey indicates that Detroit is the most affordable major market for home buyers in the U.S., Australia, Canada, Ireland, New Zealand and the United Kingdom.

The survey, which features an introduction by the president of the Australian-based Save Our Suburbs group, uses the "median multiple" (median house price divided by gross annual median household income) to rate individual markets from affordable (3.0 or less) to severely unaffordable (5.1 and more).


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