In Hong Kong, affordable apartments are so scarce that people are living in spaces much like an enclosed bunk bed. These so called "coffin homes" fit a single bed and aren't high enough to stand in. Residents share a common space with a toilet and sink and pay about $155-180 per month for the space. Nearby is some of the most expensive real estate and luxury stores among the city's gleaming skyscrapers.
In New York City, a similar disparity is taking place, with new towers going up and multi-million dollar apartments in high demand while a similar building boom is happening for tiny, 200-square foot apartments. But at least they aren't coffin-sized.
