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‣听译✦ 陆凝，Ariel.Y，栗子，大狮子
‣音乐✦ Our new home - Borders Hong Kong Ep.5

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It's more expensive to live in Hongkong than anywhere in the world.
Hongkong has been ranked the least affordable housing market in the world eight years in a row and by a long shot.

Housing prices are now almost 20 times more than annual income.
That means that a household making $50,000 USD would on average be looking for a house that cost $980,000 USD.

And it's getting really bad.

Hundreds of thousands of residents now squeeze into incredibly small apartments,most of them no bigger than a parking space.

So these are cage homes which basically fit one person and their belongings.
And they basically stack these in a room in order to fit as many people as they can in the room.
And yet,the price per square foot for these smaller houses just keeps shooting up.
I visited these homes to try to piece together an explanation for this trend.

and to meet the people who are being squeezed by the world's least affordable real-estate market.
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