Study Ranks Honolulu the Third Least Affordable City-Second Annual Demographia International Housing Affordability Survey 2006

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The 2nd annual 2006 Edition of the Demographia International Housing Affordability
Survey expands coverage to the United Kingdom and the Republic of Ireland, together
with the nations included in the first edition, Australia, Canada, New Zealand and the
United States.

The Survey authors are Wendell Cox of the Wendell Cox Consultancy (Demographia),
St Louis, Illinois, United States and Hugh Pavletich, Pavletich Properties Ltd,
Christchurch, New Zealand.

The Survey rates the affordability of the one hundred major urban property markets,
using the Median Multiple approach. This identifies the median household income and
the median house price of all these individual urban areas and expresses affordability by
the number of year

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