Asia, the numbers get close, the only problem is the price and payments still require about $110,000 worth of income to keep you PITI payments to the 30% of gross range.

Essentially, the numbers are just getting to were the top end of income can “afford” the bottom end of the housing market.

The other gotcha on rents is rents will need to hold their current run up, with empty units returning to the market, that’ll get harder.