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An Index of Misery Measures China's Runaway Housing Prices

• arclein
he Misery Index gives a sense of the degree of unaffordability of housing for regular Chinese people, and as such has attracted enormous attention and commentary online. Using income data from the National Bureau of Statistics and house prices from, a major real estate website, the index looks at how long it takes to save up enough for a 30 percent down payment on an 860 square foot property.

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