The housing prices in Xiangjiang have also collapsed significantly over the years.
If calculated according to the average standards of most developed countries worldwide, an average adult male only needs to work for ten years to afford a fully paid hundred-square-meter small apartment.
However, this standard is clearly not applicable to Xiangjiang, which means that housing prices are still seriously inflated.
In 2020, ordinary housing prices in Xiangjiang ranged from 150,000 to 200,000 per square meter.
Better locations were priced above 400,000.
Calculated based on the average income in Xiangjiang, the annual salary is approximately 360,000.
With such an income, to buy a 100-square-meter apartment in a better location, one would need about 100 years without eating or drinking.
If it's in a more ordinary location, it would take about 60 years without eating or drinking.
The time cost shows that the level of inflation is ridiculously exaggerated.
