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  "documentTitle": "Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2011-09-14 00:00:00",
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  "notes": "The chart uses the Median Home Price/Median Annual Household Income metric.",
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      "kind": "callout",
      "text": "HK is one of the least affordable places in the world. With the home ownership rate at only ~53%, home price appreciation only benefits a small percentage of the population",
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      "text": "Housing Affordability Index - (Median Home Price/Median Annual Household Income)",
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      "text": "Source: “7th Annual Demographic International Housing Affordability Survey: 2011” - Performance Urban Planning, p.10.",
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      "text": "Housing Affordability is Squeezing the Middle Class",
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