Question

Wayne Lam, 40 years old, wants to invest in the properties in Hong Kong. He wants...

Wayne Lam, 40 years old, wants to invest in the properties in Hong Kong. He wants to check if Hong Kong property is expensive. His financial consultant suggests to use the housing affordability index. What is it?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

HOUSING AFFORDABILITY INDEX

The Housing Affordability Index is an index that whether a family earns enough income to qualify for a mortgage loan on a home at the national and regional levels based on the most recent price a of the home and income data of the family.

Housing Affordability Index data are provided by NAR only for being used as a reference. The data can not be reproduced, stored, transmitted or redistributed without NAR's prior written consent for those who are not members of NAR.

Please upvote the answer if it was of help to you.

Incase of any doubt, please comment below. i would be happy to help.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Mike has $235,000 he wishes to invest in two rental properties. One yields 10% and the...
Mike has $235,000 he wishes to invest in two rental properties. One yields 10% and the other yields 12%. For safety he wants to split his investment between the two properties instead of investing all of his money in the higher yielding rental property. If his goal is to achieve a total income earned of $25,000 a year from these two properties, how much money should he invest in each property. You must show your work illustrating how you calculated...
Mike has $235,000 he wishes to invest in two rental properties. One yields 10% and the...
Mike has $235,000 he wishes to invest in two rental properties. One yields 10% and the other yields 12%. For safety he wants to split his investment between the two properties instead of investing all of his money in the higher yielding rental property. If his goal is to achieve a total income earned of $25,00 a year from these two properties, how much money should he invest in each property. You must show your work illustrating how you calculated...
Lantau Beer​ (A): European Sales. Lantau Beer is a Hong​ Kong-based brewery and files all of...
Lantau Beer​ (A): European Sales. Lantau Beer is a Hong​ Kong-based brewery and files all of its financial statements in Hong Kong dollars​ (HK$). The​ company's European sales​ director, Phillipp​ Bosse, has been criticized for his performance. He​ disagrees, arguing that sales in Europe have grown steadily in recent years. Who is​ correct?  Calculate the necessary variables for the analysis​ below: 2010 2011 2012 Total net sales, HK$ 172035 188228 244112 Percent of total sales from Europe 48% 45% 40%...
Colin is 40 years old and wants to retire in 27 years. His family has a...
Colin is 40 years old and wants to retire in 27 years. His family has a history of living well into their 90s. Therefore, he estimates that he will live to age 95. He currently has a salary of $150,000 and expects that he will need about 85% of that amount annually at the beginning of each year if he were retired. He can earn 8.5% from his portfolio and expects inflation to continue at 3%. Some years ago, he...
At 20 years old, Josh is an avid saver. He wants to put an equal amount...
At 20 years old, Josh is an avid saver. He wants to put an equal amount each year from age 21 to 50 (30 years) such that starting at age 65 he can make a guaranteed annual withdrawal of $35,000 forever without touching the corpus, which will be the inheritance money for his family. He will make no deposits during the years of age 51 through 65. At a conservative return of 5% per year for all the years, what...
A 30-year old man is planning for his retirement in 35 years. He wants to be...
A 30-year old man is planning for his retirement in 35 years. He wants to be able to withdraw $90,000 each year for 25 years after he retires. How much will he need to save each year for the next 35 years if he can earn 12 percent on his savings? $38,441.08 $5,518.44 $64,285.71 $1,635.26 $7,845.00
For retirement an investor wants to accumulate $250,000 in forty years. How much should he invest...
For retirement an investor wants to accumulate $250,000 in forty years. How much should he invest in order to reach his goal if money earns 9.5% compounded continuously? ($5592.69)
Cliff Clarkson is 70 years old and wants to diversify his investment portfolio. He must decide...
Cliff Clarkson is 70 years old and wants to diversify his investment portfolio. He must decide if he should invest in tax-free municipal bonds or in corporate bonds. The tax-free bonds are highly rated and pay 4.5%. The corporate bonds are more speculative and pay 6.5% a. If Cliff is in the 25% tax bracket, what is the advantage in choosing the municipal bond? b. If you were Cliff, would you choose the municipal bonds or the corporate bonds? Justify...
Okkie is 59 years old, a resident of the RSA and has worked for Heights Properties...
Okkie is 59 years old, a resident of the RSA and has worked for Heights Properties Ltd in Cape Town as a property manager for the past 25 years. Okkie elected to retire on 31 December 2018 from Heights Properties Ltd and received the following as a result of his retirement: - R120 000 as a lump sum from Heights Properties Ltd - R800 000 as a lump sum from H PF (Heights Properties Ltd requires that all its employees...
A 40 year old male has not had labs performed in 4 years. He went to...
A 40 year old male has not had labs performed in 4 years. He went to a primary care doctor for some routine lab work and check up. He is currently taking no medications and his blood pressure was 118/78. He was concerned about his overall cardiovascular health after seeing the results of his labs. This client plays in a adult football league seasonally but does not exercise regularly. His abnormal lab readings are: low Vit D, High Hemoglobin Alc,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT