Pittsburgh Named Most Affordable Major City in the World: Report

Pittsburgh, Pennsylvania United States of America
Affordability determined by dividing median home price by median household income
Honolulu, San Francisco and San Jose considered impossibly unaffordable housing markets
Nine out of top ten most affordable cities are located in the US, Pittsburgh leading the list
Pittsburgh earned a score of 3.1, Rochester and St. Louis both received a score of 3.4
Pittsburgh named most affordable major city in the world according to a new report
Urban containment policies have resulted in higher land and home prices, making it difficult for young people, minorities and immigrants to afford housing
Pittsburgh Named Most Affordable Major City in the World: Report

According to a new report by Chapman University and Frontier Centre for Public Policy, Pittsburgh is the most affordable major city in the world. The study determined affordability by dividing median home price by median household income. Pittsburgh earned a score of 3.1, while Rochester and St. Louis both received a score of 3.4.

Despite solid income growth in the health care and technology sector, home prices in Pittsburgh have remained steady in recent years.

Nine out of the top ten most affordable cities are located in the US, with Pittsburgh leading the list.

On the other hand, Honolulu is considered one of the five 'impossibly unaffordable' housing markets in the world. The cost of living in Hawaii has long been among the highest in the nation, and skyrocketing inflation and housing prices have made things even worse.

Four other 'impossibly unaffordable' markets are located in California: San Francisco and San Jose.

The report concluded that urban containment policies have resulted in higher land prices and home prices, making it difficult for young people, minorities, and immigrants to afford housing. The disappearance of $200,000 starter homes has left many millennials unable to upgrade to bigger homes.

The report also warned that the housing crisis poses an existential threat to the middle class.


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Confidence

90%

Doubts
  • Are there any other factors that could influence affordability not considered in the report?
  • Is there any potential for error in the methodology used to determine affordability?

Sources

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

High home prices are 'feudalizing' California as unaffordable housing markets pose existential threat to middle class, study says

Fortune Media Inc. Jason Ma Sunday, 16 June 2024 00:00
  • Unique Points
    • Urban containment policies have resulted in higher land prices and home prices.
    • The disappearance of $200,000 starter homes has left many millennials unable to upgrade to bigger homes.
  • Accuracy
    • Four of the 'impossibly unaffordable' housing markets are in California, according to the Demographia International Housing Affordability report.
    • San Jose is one of the most unaffordable cities in the world according to a new report from Chapman University
    • Honolulu is one of the five 'impossibly unaffordable' housing markets in the US
    • Four of the top 10 least affordable cities in the world are in California: San Jose, Los Angeles, San Francisco, and San Diego
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

83%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

These cities are now so expensive they’re considered ‘impossibly unaffordable’

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Hilary Whiteman Friday, 14 June 2024 05:08
  • Unique Points
    • The new report labels some major cities as 'impossibly unaffordable'.
    • Five US cities on the West Coast and Hawaii made the top 10 most unaffordable places.
    • San Jose, Los Angeles, San Francisco and San Diego in California are among the most expensive US cities to buy a home.
    • Honolulu is the sixth most expensive city worldwide.
    • Australia is the only other country besides the US to dominate the 'impossibly unaffordable' list.
    • Hong Kong is the least affordable city worldwide with a home ownership rate of 51%.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (30%)
    The article makes several statements that are deceptive by omission. The author implies that the only reason for high house prices is urban planning policies and investor demand, but fails to mention other factors such as low interest rates and population growth. This is a lie by omission. Additionally, the author selectively reports details that support her position, such as the fact that US cities on the West Coast and Hawaii are among the most unaffordable, while ignoring other countries with even higher house prices to inflation-adjusted incomes. This is an example of selective reporting.
    • For those who can’t wait for a change in policy or for demand to fall, the report also identifies the most affordable cities of the 94 surveyed worldwide.
    • But it also blames soaring house prices on land use policies, including ‘urban containment,’ a kind of planning designed to stop urban sprawl.
    • The report sums up the feeling of many potential home buyers by creating a category that labels some major cities as ‘impossibly unaffordable.’
  • Fallacies (85%)
    The author makes an appeal to authority by citing a report as evidence for the unaffordability of certain cities. This is not a fallacy in and of itself, but it does not provide any original analysis or reasoning from the author. The author also uses inflammatory rhetoric by labeling some cities as 'impossibly unaffordable'.
    • ]The report sums up the feeling of many potential home buyers by creating a category that labels some major cities as 'impossibly unaffordable.'[
    • Notably, it's the only Chinese market covered in the report.
    • The middle-class is under siege principally due to the escalation of land costs. As land has been rationed in an effort to curb urban sprawl, the excess of demand over supply has driven prices up.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

This Bay Area city is considered one of most 'unaffordable' in the world

KTVU Fox2 & KICU Plus News Station Tori Gaines Sunday, 16 June 2024 23:25
  • Unique Points
    • San Jose is one of the most unaffordable cities in the world according to a new report from Chapman University
    • San Jose is the first city in the US to allow homeowners to sell Accessory Dwelling Units (ADUs) as separate property
  • Accuracy
    • Four of the top 10 least affordable cities in the world are in California: San Jose, Los Angeles, San Francisco, and San Diego
    • An increase in remote work during the pandemic fueled a demand for housing and drove house prices up substantially
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Here are the most and least affordable major cities in the world

Yahoo Finance Khristopher J. Sunday, 16 June 2024 23:26
  • Unique Points
    • Pittsburgh is the most affordable major city in the world according to a new study by Chapman University and Frontier Centre for Public Policy.
    • Median home price in Pittsburgh was $235,000 as of May, down nearly 8% from a year ago.
    • Researchers determined affordability score for each city by dividing median home price by median household income. Pittsburgh earned a score of 3.1 while Rochester and St. Louis both received a score of 3.4.
    • Home prices in Pittsburgh have remained steady in recent years despite solid income growth in the health care and technology sector.
    • Nine of the top ten most affordable cities are in the US according to the Chapman study.
  • Accuracy
    • ,
    • Four of the 'impossibly unaffordable' housing markets are in California, according to the Demographia International Housing Affordability report.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Report: Honolulu is one of 5 ‘impossibly unaffordable’ US housing markets

Hawaii News Now HNN Staff Saturday, 15 June 2024 02:18
  • Unique Points
    • Honolulu is one of the five 'impossibly unaffordable' housing markets in the US
    • The cost of living in Hawaii has been among the highest in the nation for years
    • Skyrocketing inflation and housing prices have made the situation more acute
    • Four other 'impossibly unaffordable' markets are in California: San Francisco and San Jose
  • Accuracy
    • The rise of unaffordable markets is an 'existential threat' to the middle class
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article makes an appeal to authority by citing the Demographic International Housing Affordability report as evidence of Honolulu's unaffordable housing market. However, no formal fallacies or dichotomous depictions were found in the text.
    • ]The four other 'impossibly unaffordable' markets in the United States were all in California and included San Francisco and San Jose.[
    • ']The median house price in Honolulu is now 10 1/2 times the median income.[
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication