Jefferies: For The Price Of A Parking Spot In Hong Kong, You Can Buy 5 US Houses

That’s the remarkable stat passed on by Jefferies Strategist Sean Darby, whose latest report is title exactly that: For The Price of One Hong Kong Car Park You Can Buy 5 US Homes.

It’s a little unclear how this is derived, but suffice to say that parking in Hong Kong is expensive, and US housing (in many areas) is now dirt cheap).

Indeed, if you thought that the US had a housing bubble, then you really haven’t seen anything.

Check this out.

hong kong real estate

Photo: Nomura

Another chart in Darby’s report shows how all of the most expensive housing markets are in the world are all in China or Hong Kong.

image

Photo: Jefferies

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.