Whinging is a national sport here in the UK, but if there is one area where I think all the complaining is justified it is about house prices in London and other high price areas of the country. Famously, a guy paid £25,000 last year for a staircase in London that isn’t even in use
These are important studies to know, but there are some devilish details. In Germany, public transportation is ok enough that you can work in a high-income place while commuting from a low-rent town. Say, Montabaur/Frankfurt. But to try commuting from a cheapo place to London's city will usually end in tears.
The argument pro gov intervention is contradicted by the non-Nimbyist examples of Houston and Tokyo, where housing is affordable because they just get off your back and let you build stuff.
This chart is not taking into account the price fluctuations between rural and urban environments. In places like Lithuania it is HUGE since population is gathered in 2 main cities. There, cost of a new built apartment is the same as a city in the UK or Coppenhagen. But as soon as you leave the 1 hour drive time radius, property costs reduce dramatically because rural and even suburban areas are lacking basic infrastructure, like healthcare and lifestyle facilities. Other countries might have similar nuances; it would be great if data considered that.
These are important studies to know, but there are some devilish details. In Germany, public transportation is ok enough that you can work in a high-income place while commuting from a low-rent town. Say, Montabaur/Frankfurt. But to try commuting from a cheapo place to London's city will usually end in tears.
The argument pro gov intervention is contradicted by the non-Nimbyist examples of Houston and Tokyo, where housing is affordable because they just get off your back and let you build stuff.
In the chart... polarity... Higher figure = more affordable?
Lithuania is affordable and Hong Kong is unaffordable, yes?
(Rather than the figure for each country being some measure of the cost of buying a property)
Yes, Lithuania is more affordable and Hong Kong is famously unaffordable.
This chart is not taking into account the price fluctuations between rural and urban environments. In places like Lithuania it is HUGE since population is gathered in 2 main cities. There, cost of a new built apartment is the same as a city in the UK or Coppenhagen. But as soon as you leave the 1 hour drive time radius, property costs reduce dramatically because rural and even suburban areas are lacking basic infrastructure, like healthcare and lifestyle facilities. Other countries might have similar nuances; it would be great if data considered that.