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times median first-time home buyer income and 5.3 First-time buyers struggled the most in the wake of record high home prices and a lack of starter inventory, but metros like Pittsburgh and Cleveland offered some relative affordability. Detroit joined this lineup, nudging out Minneapolis and Baltimore. last quarter.
Market hurdles like historically low housing supply, surging mortgage rates, and stagnant income growth are keeping first-time buyers sidelined at the start of 2022. Inflation significantly outpaced income growth at the start of 2022, with homes in the most populous metro areas costing six times the typical first-time buyer income.
The BOI offers corporate income tax holidays for up to eight years, import duty reductions or exemptions on machinery and raw materials, double deduction of public utility costs, and deductions for infrastructure construction and installation costs. Thailand also offers the second lowest corporate income tax rate, behind Singapore, in Asia.
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