The stronger financial/banking sector in the city- the higher its housing prices…. Financial sector sucks wealth to itself

by Quant2011

Its unlikely people in Tokyo, Berlin or Beijing work less or create less advanced products or services in real economy.

If you can name any other prime factor why housing is the most expensive n HK/SG/NY/London – i’m all ears. Monaco is a separate case with its own specifics and also very small.

 

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