This is the most unaffordable city in the world to buy a home. (via CNBCMakeIt)
Twenty/20
"Prices have outpaced incomes by far in recent years," reads the report, and that could pose an existential threat for the cities themselves. "If employees cannot afford an apartment with reasonable access to the local job market, the attractiveness and growth prospects of the city in question drop."
Though prices in New York specifically are still below their 2006 peak, the city remains unaffordable for most. London is still unaffordable for many, but its real estate bubble risk is on the decline, per the report.
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