[Fun Facts about China] Housing market in Shanghai

Just when you think the housing market in Bay Area is crazy. Let's take a look at Shanghai.

Here're the Fun Facts:
1, Shanghai is not the most expensive city in China. Beijing is.

2, Shanghai is a mega city. By mega, I mean huuuuge. Therefore, housing price outside of
the city center (20-50 miles away) is a whole different story. 

• Shanghai - Price per Sqft to Buy Apartment in City Centre $1,051.28 
• Shanghai - Price per Sqft to Buy Apartment Outside of Centre $432.63
• San Francisco - Median Price per Sqft $966

3, Shanghai Avg Gross Income in 2014 according to the Social Security Bureau, is 850 USD/month, around 10,200 USD annually. Life is tough there! Home maker? Never heard of this term!

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