Least Affordable Housing Markets

Statista shows how the rise in housing prices continues to outpace the increase in wages across many parts of the world. For many cities, modest gains made in median yearly wages have been overshadowed by significantly higher increases in the cost of housing for the year. Data shows which cities have the highest discrepancy in median house prices and median wages.

A Tiny Apartment Transforms into 24 Rooms

In Hong Kong, because of the space, apartments are small and expensive. Gary Chang, an architect, decided to design a 344 sq. ft. apartment to be able to change into 24 different designs, all by just sliding panels and walls. He calls this the “Domestic Transformer.”