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The median multiple indicator, recommended by the World Bank and the United Nations, rates affordability of housing by dividing the median house price by gross (before tax) annual median household income). [18] A common measure of community-wide affordability is the number of homes that a household with a certain percentage of median income can ...
There are different ways of real estate financing: governmental and commercial sources and institutions. A homebuyer or builder can obtain financial aid from savings and loan associations, commercial banks, savings banks, mortgage bankers and brokers, life insurance companies, credit unions, federal agencies, individual investors, and builders.
However, at the same time, the government was discussing a proposal to introduce a property tax, which had the potential to resolve local government debt problems, but which could reduce land value by 50%. [68] In April, the government completed a unified real estate registration tax system, which would enable the property tax to be implemented ...
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