<![CDATA[
<P>주택가격을 논할때 빠지지 않는 PIR에 대해서 한번 논의해보자 합니다.</P>
<P> </P>
<P><SPAN style="FONT-FAMILY: Gulim">먼저 PIR은 다들 아시겠지만 </SPAN><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">Price Income Ratio 의 약자로, “소득대비 주택가격 비율”입니다. 즉 몇 년 치의 소득을 모아야만, 대출을 받지 않고 자력으로 주택을 구입할 수 있는지를 나타내는 지표죠. 만약 PIR이 10 이라면 10년 치의 소득을 한 푼도 쓰지 않고 모아야만 집 한 채를 살수 있다는 뜻입니다. </SPAN></SPAN></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">그전에도 많은 분들이 PIR에 대해서 우리나라가 일본이나 미국보다 높다 라고 말씀해 주셨고 저도 그렇게 알고 있었습니다.</SPAN></SPAN></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">여기서 의문점이 하나 생기더군요. 서울의 PIR과 동경의 PIR을 산출하는 방법이 똑같을까 라는...</SPAN></SPAN></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">상승론을 주장하시는 부동산 업체 대표께서 장문의 기고를 하면서 PIR산출 방식이 선진국에 비해서 우리나라 방식이 후지다 라고 말씀을 하시더군요...</SPAN></SPAN></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim"><A href="http://board.mk.co.kr/view.php?id=expert_column&no=716">http://board.mk.co.kr/view.php?id=expert_column&no=716</A></SPAN></SPAN></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">이글의 핵심은 <STRONG>PIR 산정방식이 우리나라는 평균 개념인데 미국은 중위수를 기준으로 해서 비교자체가 무의미 하고, </STRONG></SPAN></SPAN><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim"><FONT size=2><STRONG>우리나라 집값이 국제기준으로 소득에 비해 과도하게 높다는 주장은 액면 그대로 수용하기 어렵다는 결론이므로 </STRONG></FONT></SPAN></SPAN><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim"><FONT size=2><STRONG>국토부에<SPAN> PIR </SPAN>에 대한 구체적인 재점검과 제도개선을 요구한다 </STRONG>입니다<STRONG>.</STRONG></FONT></SPAN></SPAN></P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim"><STRONG></STRONG></SPAN></SPAN> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">그래서 찾아보았습니다... ㅡ.ㅡ++++</SPAN></SPAN></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">윗 글에서 주장한대로 국민은행의 평균방식이 아니 중위수 PIR 방식을 국토연구원에서 2006년부터 조사를 이미 하고 있더군요. 위에 글을 쓰신 전문가는 자기 입맛에 맛는 자료만 취사선택하신게 하닌지 ...암튼</SPAN></SPAN></P>
<P> </P>
<P><a href='javascript:fileFilterViewer("http://cfile265.uf.daum.net/attach/1260261D4B96188914059D", "/cfile265/12/60261D4B96188914059D", "2008년도 주거실태조사 보도자료.hwp", "grpid%3D16KDv%26fldid%3D7ofT%26dataid%3D5266%26fileid%3D4%26regdt%3D20100309184240&url=http%3A%2F%2Fcfile265.uf.daum.net%2Fattach%2F1260261D4B96188914059D")'><img src="https://t1.daumcdn.net/daumtop_deco/icon/icon.hanmail.net/editor/p_hwp_s.gif" border="0" alt="첨부파일" class="vam"/> 2008년도 주거실태조사 보도자료.hwp</a></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">국토연구원에서 발표한 2008년도 주거실태조사 결과발표를 보면</SPAN></SPAN></P>
<P> </P>
<P> ///////////////////////////////////////////////////////////////////////////////////</P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim"><!--StartFragment-->
<P class=표그림>
<TABLE style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; BORDER-BOTTOM: #000000 0.28pt solid; BORDER-COLLAPSE: collapse">
<TBODY>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 1.7pt solid; BACKGROUND: #f1f1f1; BORDER-LEFT: medium none; WIDTH: 150.49pt; BORDER-BOTTOM: #000000 1.98pt double; HEIGHT: 31.64pt" vAlign=center colSpan=2 rowSpan=2>
<P class=표내용>구 분 </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 1.7pt solid; BACKGROUND: #f1f1f1; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 144.6pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center colSpan=2>
<P class=표내용>PIR</P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 1.7pt solid; BACKGROUND: #f1f1f1; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 144.6pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center colSpan=2>
<P class=표내용>RIR</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BACKGROUND: #f1f1f1; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.98pt double; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>중위수</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BACKGROUND: #f1f1f1; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.98pt double; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>평 균</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BACKGROUND: #f1f1f1; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.98pt double; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>중위수</P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BACKGROUND: #f1f1f1; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.98pt double; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>평 균</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 1.98pt double; BORDER-LEFT: medium none; WIDTH: 71pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 31.64pt" vAlign=center rowSpan=2>
<P class=표내용>전 국</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 1.98pt double; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2006</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 1.98pt double; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>4.2 </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 1.98pt double; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>6.0</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 1.98pt double; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>18.7 </P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 1.98pt double; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>22.9</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2008</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>4.3 </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>6.0</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>17.5 </P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>22.8</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: medium none; WIDTH: 71pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 31.64pt" vAlign=center rowSpan=2>
<P class=표내용>수도권</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2006</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용><STRONG>5.7</STRONG> </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>8.1</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>19.9</P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>25.3</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2008</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용><STRONG>6.9</STRONG> </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>8.5</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>22.3 </P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>26.1</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: medium none; WIDTH: 71pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 31.64pt" vAlign=center rowSpan=2>
<P class=표내용>광역시</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2006</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>4.1 </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>4.2</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>18.5 </P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>20.1</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2008</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>3.3 </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>4.0</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>19.3</P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>19.5</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: medium none; WIDTH: 71pt; BORDER-BOTTOM: #000000 1.7pt solid; HEIGHT: 31.64pt" vAlign=center rowSpan=2>
<P class=표내용>도지역</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2006</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>3.3 </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>3.4</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>17.8 </P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 0.28pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>18.5</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 79.49pt; BORDER-BOTTOM: #000000 1.7pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>2008</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.7pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>3.0 </P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.7pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>3.3</P></TD>
<TD style="BORDER-RIGHT: #000000 0.28pt solid; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.7pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>15.9 </P></TD>
<TD style="BORDER-RIGHT: medium none; BORDER-TOP: #000000 0.28pt solid; BORDER-LEFT: #000000 0.28pt solid; WIDTH: 72.3pt; BORDER-BOTTOM: #000000 1.7pt solid; HEIGHT: 15.82pt" vAlign=center>
<P class=표내용>16.4</P></TD></TR></TBODY></TABLE></P>
<P class=표각주 style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 130%">* 중위수 = 주택가격(임대료)의 중위수 / 가구 연(월)소득의 중위수</P>
<P class=표각주 style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 130%">평 균 = 주택가격(임대료)의 평균 / 가구 연(월)소득의 평균</P>
<P class=표각주 style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 130%"> ///////////////////////////////////////////////////////////////////////////////////////</P>
<P class=표각주 style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 130%"> </P>
<P class=표각주 style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 130%">언론에서 말하는 서울 9.7보다 수도권은 8.5로 낮게 연구발표 되었군요....</P>
<P class=표각주 style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 130%"> </P>
<P class=표각주 style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 130%"><STRONG>결론은 중위수 평균은 2006년 5.7, 2008년 6.9로 우리가 알고있는 PIR보다 훨씬 낮습니다.</STRONG></P></SPAN></SPAN>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">그러면서 매우 흥미로운 자료를 소개하고 있습니다.</SPAN></SPAN></P>
<P> </P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim">////////////////////////////////////////////////////////////////////</SPAN></SPAN></P>
<P><SPAN style="FONT-SIZE: 13px; COLOR: #000000; LINE-HEIGHT: 21px; FONT-FAMILY: '바탕'; TEXT-ALIGN: justify"><SPAN style="FONT-FAMILY: Gulim"><SPAN style="FONT-WEIGHT: bold"><SPAN style="FONT-SIZE: 10pt">- 외국 주요도시</SPAN></SPAN><SPAN style="FONT-SIZE: 10pt">도 ‘06～’07년간 집값 상승을 반영 </SPAN><SPAN style="FONT-WEIGHT: bold"><SPAN style="FONT-SIZE: 10pt">PIR 크게 증가</SPAN></SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">※ 미국 샌프란시스코 : 8.1배</SPAN><SPAN style="FONT-SIZE: 10pt">(‘06.3분기)</SPAN><SPAN style="FONT-SIZE: 10pt">→9.5배</SPAN><SPAN style="FONT-SIZE: 10pt">(’07.3분기)</SPAN><SPAN style="FONT-SIZE: 10pt"> </SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">미국 뉴욕 : 9.1배</SPAN><SPAN style="FONT-SIZE: 10pt">(‘06.3분기)</SPAN><SPAN style="FONT-SIZE: 10pt">→9.3배</SPAN><SPAN style="FONT-SIZE: 10pt">(’07.3분기)</SPAN><SPAN style="FONT-SIZE: 10pt"> </SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">일본 동경(신규주택) : 8.6배</SPAN><SPAN style="FONT-SIZE: 10pt">(‘06)</SPAN><SPAN style="FONT-SIZE: 10pt">→9.9배</SPAN><SPAN style="FONT-SIZE: 10pt">(’07)</SPAN><SPAN style="FONT-SIZE: 10pt">→9.1배</SPAN><SPAN style="FONT-SIZE: 10pt">(‘08)</SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 12pt">/////////////////////////////////////////////////////////////////////</SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">일본 동경 신규주택이라고 나와있고 일본어는 아예 모리니 조사에서 빼고 그나마 단어라도 아는 영어권인 미국 샌프란시스코를 한번 찾아보기로 마음 먹었습니다.</SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">미국의 PIR지수는 <A href="http://www.housingtracker.net/affordability/">http://www.housingtracker.net/affordability/</A> 라는 사이트에서 제공하더군요.</SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">주요 도시를 보면</SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">
<TABLE style="WIDTH: 373pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=497 border=0>
<COLGROUP>
<COL style="WIDTH: 125pt; mso-width-source: userset; mso-width-alt: 5312" width=166>
<COL style="WIDTH: 54pt" width=72>
<COL style="WIDTH: 140pt; mso-width-source: userset; mso-width-alt: 5984" width=187>
<COL style="WIDTH: 54pt" width=72>
<TBODY>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: transparent" width=166 height=26><A href="http://www.housingtracker.net/affordability/georgia/atlanta"><U><FONT face="맑은 고딕" color=#0000ff size=3>Atlanta, GA</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 2.6</FONT></TD>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=187><A href="http://www.housingtracker.net/affordability/texas/houston"><U><FONT face="맑은 고딕" color=#0000ff size=3>Houston, TX</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 2.7</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: transparent" width=166 height=26><A href="http://www.housingtracker.net/affordability/massachusetts/boston"><U><FONT face="맑은 고딕" color=#0000ff size=3>Boston, MA</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 5.4</FONT></TD>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=187><A href="http://www.housingtracker.net/affordability/florida/jacksonville"><U><FONT face="맑은 고딕" color=#0000ff size=3>Jacksonville, FL</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 3.2</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: transparent" width=166 height=26><A href="http://www.housingtracker.net/affordability/north-carolina/charlotte"><U><FONT face="맑은 고딕" color=#0000ff size=3>Charlotte, NC</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 3.7</FONT></TD>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=187><A href="http://www.housingtracker.net/affordability/missouri/kansas-city"><U><FONT face="맑은 고딕" color=#0000ff size=3>Kansas City, MO</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 2.4</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: whitesmoke" width=166 height=26><A href="http://www.housingtracker.net/affordability/illinois/chicago"><U><FONT face="맑은 고딕" color=#0000ff size=3>Chicago, IL</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 4.1</FONT></TD>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=187><A href="http://www.housingtracker.net/affordability/nevada/las-vegas"><U><FONT face="맑은 고딕" color=#0000ff size=3>Las Vegas, NV</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 4.9</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: whitesmoke" width=166 height=26><A href="http://www.housingtracker.net/affordability/texas/dallas"><U><FONT face="맑은 고딕" color=#0000ff size=3>Dallas, TX</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 2.3</FONT></TD>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=187><A href="http://www.housingtracker.net/affordability/new-york/long-island"><U><FONT face="맑은 고딕" color=#0000ff size=3>Long Island, NY</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 5</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: whitesmoke" width=166 height=26><A href="http://www.housingtracker.net/affordability/michigan/detroit"><U><FONT face="맑은 고딕" color=#0000ff size=3>Detroit, MI</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 1.9</FONT></TD>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=187><A href="http://www.housingtracker.net/affordability/california/los-angeles"><U><FONT face="맑은 고딕" color=#810081 size=3>Los Angeles, CA</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 10.4</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: transparent" width=166 height=26><A href="http://www.housingtracker.net/affordability/florida/miami"><U><FONT face="맑은 고딕" color=#0000ff size=3>Miami, FL</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 7.7</FONT></TD>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=187><A href="http://www.housingtracker.net/affordability/arizona/phoenix"><U><FONT face="맑은 고딕" color=#0000ff size=3>Phoenix, AZ</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 4.3</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: whitesmoke" width=166 height=26><A href="http://www.housingtracker.net/affordability/louisiana/new-orleans"><U><FONT face="맑은 고딕" color=#0000ff size=3>New Orleans, LA</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72>
<P><FONT face=Arial color=#666666> 3.1</FONT><FONT face=Arial color=#666666> </FONT></P></TD>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=187><A href="http://www.housingtracker.net/affordability/oregon/portland"><U><FONT face="맑은 고딕" color=#0000ff size=3>Portland, OR</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 4.7</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: transparent" width=166 height=26><A href="http://www.housingtracker.net/affordability/new-york/new-york"><U><FONT face="맑은 고딕" color=#0000ff size=3>New York, NY</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 9.3</FONT></TD>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=187><A href="http://www.housingtracker.net/affordability/texas/san-antonio"><U><FONT face="맑은 고딕" color=#0000ff size=3>San Antonio, TX</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 2.9</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: whitesmoke" width=166 height=26><A href="http://www.housingtracker.net/affordability/new-jersey/newark"><U><FONT face="맑은 고딕" color=#0000ff size=3>Newark, NJ</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 5.5</FONT></TD>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=187><A href="http://www.housingtracker.net/affordability/california/san-diego"><U><FONT face="맑은 고딕" color=#0000ff size=3>San Diego, CA</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 8.5</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: whitesmoke" width=166 height=26><A href="http://www.housingtracker.net/affordability/florida/orlando"><U><FONT face="맑은 고딕" color=#0000ff size=3>Orlando, FL</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 4.9</FONT></TD>
<TD class=xl67 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=187><A href="http://www.housingtracker.net/affordability/california/san-francisco"><U><FONT face="맑은 고딕" color=#810081 size=3>San Francisco, CA</FONT></U></A></TD>
<TD class=xl68 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: whitesmoke" width=72><FONT face=Arial color=#666666> 9.5</FONT></TD></TR>
<TR style="HEIGHT: 20.1pt; mso-height-source: userset" height=26>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 125pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 20.1pt; BACKGROUND-COLOR: transparent" width=166 height=26><A href="http://www.housingtracker.net/affordability/pennsylvania/philadelphia"><U><FONT face="맑은 고딕" color=#0000ff size=3>Philadelphia, PA</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 3.5</FONT></TD>
<TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 140pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=187><A href="http://www.housingtracker.net/affordability/washington/seattle"><U><FONT face="맑은 고딕" color=#0000ff size=3>Seattle, WA</FONT></U></A></TD>
<TD class=xl66 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 54pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width=72><FONT face=Arial color=#666666> 5.2</FONT></TD></TR></TBODY></TABLE></SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">음..주요 도시라기 보다는 NBA 농구팀 같군요..ㅡ.ㅡ;;; 여하튼. 대충봐도 <STRONG>LA, New York, San Francisco</STRONG>가 월등히 높군요.</SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">즉 샌프란시스코의 PIR변동 그래프를 보겠습니다.</SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"> </SPAN></P>
<P class=※ style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%; TEXT-ALIGN: left"><img src="https://t1.daumcdn.net/cfile/cafe/1579AA014B95F4C752" class="tx-daum-image" style="CLEAR: none; FLOAT: none" actualwidth="586" hspace="1" width="586" vspace="1" border="0" id="A_1579AA014B95F4C7522B9C"/></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><STRONG>1997년 초반 PIR은 4.0 초반부터 출발해서 2007년 3분기에 9.5를 기록하던군요</STRONG>... 그 이전은 모르겠고...</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">거의 두배가 넘는 PIR의 상승율입니다...</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">미국에서 서브프라임이 터지고 그뒤에 어떻게 되었나 확인해 보고 싶어도 자료를 못찾았습니다.</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">그래서 직접 PIR을 계산하기로 맘 먹었습니다.</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><A href="http://www.realtor.org/research/research/metroprice">http://www.realtor.org/research/research/metroprice</A> 사이트에 들어가 보시면 <SPAN style="FONT-SIZE: 10pt">National Association of REALTORS 즉 </SPAN>미국의 중개인 협회에서 발표하는 </SPAN><SPAN style="FONT-SIZE: 10pt">자료가 있습니다. 정확하진 않지만 주택가격의 중위수는 existing-home sales 를 대상으로 한걸로 봐서는 음....찾아보았습니다.</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">existing-home sales 란 기존주택판매에 대한 통계라는걸...매월 판매계약이 성사된 기존 주택판매 건수에 대한 통계라고 나오네요..</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">즉 미국의 PIR은 분기별로 기존주택판매 가격의 중위수 / The median family income (가구 연 소득의 중위수) 로 계산합니다. 음. 혹시 틀리다면 바로 지적을.....</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">자료를 찾아보니 </SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%; TEXT-ALIGN: left"><img src="https://t1.daumcdn.net/cfile/cafe/1852EA164B95FDE639" class="tx-daum-image" width="788" style="CLEAR: none; FLOAT: none; WIDTH: 788px" actualwidth="929" height="344" hspace="1" vspace="1" border="0" id="A_1852EA164B95FDE63986F5"/></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"> </SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">샌프란시스코는 PIR이 9.5이던 2007년에는 804.8이었지만 2009년 1분기에 402.0까지 떨어졌다가 4분기에 551.3으로 다시 올랐네요...그래서 493.3이 됐네요..(Condo에 대한 데이터는 따로 있습니다. )</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><STRONG>그래도 고점대비 50%까지 폭락했다가 지금은 32% 내려갔네요...평균은 39%...</STRONG></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">관련 기사도 많이 찾아볼수 있습니다. <A href="http://news.mt.co.kr/mtview.php?no=2009012207385216978&type">http://news.mt.co.kr/mtview.php?no=2009012207385216978&type</A>=&</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">그렇담.. 미국의 <SPAN style="FONT-SIZE: 10pt">연 소득의 중위수를 찾아보았습니다. <A href="http://www.huduser.org/">http://www.huduser.org/</A> 에서 발표하네요...</SPAN></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><A href="http://www.huduser.org/datasets/il/il09/">http://www.huduser.org/datasets/il/il09/</A> 이런식으로 찾아보면</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">반올림해서 2007년은 $86,500, 2008년은 $94,300, 2009년은 $96,800 라고 정확히 나옵니다.</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">휴...역시 소득이 높네요..</SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt">그럼 직접 PIR을 계산해 보기로 하지요...이게다 저위에 <FONT color=#333333>housingtracker 사이트에서 발표를 안해서 노가대가 됐네요...</FONT></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><FONT color=#333333><STRONG>2007년 PIR = 804800 / 86500 = 9.3</STRONG></FONT></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><FONT color=#333333><STRONG>2008년 PIR = 622000 / 94300 = 6.6</STRONG></FONT></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><STRONG> </STRONG></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><FONT color=#333333><STRONG>마지막으로 집값이 내려간 2009년은</STRONG></FONT></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><STRONG> </STRONG></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><FONT color=#333333><STRONG>2009년 PIR = 493300 / 96751 = 5.1.....</STRONG></FONT></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><SPAN style="FONT-SIZE: 10pt"><FONT color=#333333>정리하면 2008년 우리나라 수도권에 중위도수를 기준으로한 PIR은 6.9이고.. 2010년 현재.. 집값의 큰 변동이나 ..가계소득의 큰 변동이 없는이상...비슷하리라 예상됩니다....</FONT></SPAN></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><FONT color=#333333 size=2>미국 .. 샌프란시스코는 </FONT> 2007년 9.3, 2009년은 5.1입니다...오차가 0.2존재합니다. 이유는 ㅡㅡ;;; 모르겠습니다.</P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%">여하튼.. <STRONG>우리나라 수도권의 중위도수 PIR 6.9는 현재 미국 샌프란시스코의 PIR 5.1보다 약 1.8높습니다..</STRONG></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%">2008년에 국토연구원에서 발표한 자료이니 2010년에는 어떻게 발표를 하지 정말 궁금합니다........</P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%">////////////////////////////////////////////////////////////////////////</P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><STRONG>결론은 인터넷 5시간 뒤져서 써보니 .. 전문가 칼럼."PIR, 과연 신뢰할 수 있는 지표인가"의 주장은 상당부분 틀렸다는 것이지요....그리고 이렇게 PIR을 비교하면 상당히 신뢰할수 있고요...^^;;</STRONG></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><STRONG></STRONG> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><STRONG>미국 주요도시의 PIR은 97년부터 2000년대 초반까지는 4-5 를 유지하다가 2003년경 부터 오르기 시작해 뉴욕, 샌프란시스코, LA는 PIR 지수가 10에 가까이, 또 일부 주요 도시들도 7-8에 가까지 올랐으나 2009년 다시 급격히 떨어졌다입니다. </STRONG></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"><STRONG>또하나 저 나름대로 결론은 주택가격은 PIR과 관련해서... 올라간 만큼 (즉 버블만큼) 다시 내려간다입니다. 만약 적절한 PIR이 서울이 4 라고가정하면 지금보다 약 43% 내려갈것이고.. 5라고 가정하면 28%정도 내려갈것이다..입니다. 물론 그 이외의 많은 변수들에 따라서 움직이겠지만...단순 PIR만 놓고 본면 그렇다는 것입니다..^^;;</STRONG></P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%">////////////////////////////////////////////////////////////////////////</P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%">휴...쓰다보니 오후가 다 가는군요... 정말 이곳에 분석글을 올려주시는 분들의 노고를 직접 작성해 보니 알겠습니다.</P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%">마지막으로 위 데이터는 제가 직접 찾은거라서 큰 오류가 있을 수 있습니다. 지적해 주시더라도 살살 해십시요..^^;;;;</P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%"> </P>
<P style="LAYOUT-GRID-MODE: char; LINE-HEIGHT: 120%">PS : 국민은행에 가보니 정말 잘 정리가 되어 있더군요...평균말고 중위 주택가격에 대해서요...그에 따른 PIR도 잘 정리가 되어 있구요..다만 아쉬운 점은 2008년 12월부터 PIR이 정리 되어 있다는거...ㅡ.ㅡ;;;</P></SPAN></SPAN>
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카페 게시글
_부동산문제
PIR에 대해서...
봄날곰
추천 0
조회 1,152
10.03.09 18:42
댓글 7
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다음검색
첫댓글 서울이 샌프란시스코 고점일때와 비슷한 수준이네요~~ 미국과 우리나라 대출방식이 달라...미국 정도로 집값이 빠진다면 골로갈 수도 있겠구나 하는 생각이 듭니다...40%빠진다고 봤을때 3억짜리 1억 대출받아 산 경우 수중에 8천 남습니다.....4억짜리 2억 대출받았을 때는 4천 남고... 이자계산하면 더 처참해지네요....ㅎㄷㄷ
고생하셨습니다..다시한번 정독하고 가야겠습니다^^..위에분도 댓글을 다셨지만
우리나라의 주거형태가 여타 나라에 비해 아파트가 많은 부분을 차지합니다.
공동주택과 단독주택의 감가상각을 같은 비율로 봐야하는지, 등등 ..이부분도 참조해야 할듯 싶습니다.
음. 정확한지 모르겠지만 위 데이터는 existing single family(단독주택)입니다. condo(미국에서는 연립주택이라고 하던군요)는 주택가격이 위 자료보다 더 낮습니다. 그럼 PIR은 더 떨어지겠고요..
며칠전에 설문조사올린 한예종 건축과 학생입니다
이 부분에 대해서 자료조사중이었는데 정말 좋은 자료를 주시는군요
감사드립니다
좋은 자료 감사합니다
내용의 오류를 지적할만한 지식이 제게 없어서 ^^ 아무튼 대단한 정리 하셨네요
고맙습니다
좋은 자료 고맙습니다. 역시 이해관계가 있는 사람이 쓴 글은 무조건 신중하게 접근하는 게 좋겠군요.