Actually if you put it in a simple mean..
- median income of HK family, round up to say HKD 20k / month (so more than half of HK population earn less then HKD 20k)
- PSF price of a for sale apartment in HK --> maybe HKD 10~20k
so technically every month you work, even if you can save up every single cent and not pay for food/transport, you can buy 1~2 sqft of a dwelling space.
so a typical space of 400sqft needed for a family of 4~6, costs 20~40years of gross income
the only way HK can survive, is to either increase the median pay, or reduce the average cost.
but honestly this is not just HK... everywhere in the world the same phenomenon is occurring.. just at different degree...
the global bail-out of the financial system by the current generation politicians in 2008 have jetted up asset prices everywhere in the world, HK is unfortunately the focus point of alot of these bubbled wealth.. so the problem blow up earlier than everywhere else..
some form of a reset needs to come this generation or next.. we can only wait and see