Or… These are very different places with different constraints.
For example, the US is comprised of 50 states - construction has to meet federal, state, county, municipality codes, and then any federal or state agencies that have a say on construction possibly affecting water ways, natural habitat, etc.
The bureaucratic process is staggering.
And municipalities change their minds every day the wind blows (and who is paying them off).
For example, the US is comprised of 50 states - construction has to meant federal, state, county, municipality codes, and then any federal or state agencies that have a say on construction possibly affecting water ways, natural habitat, etc.
The right hand graph only covers, like, the last 10-15% of the left hand graph. If this was really a supply issue, then you’d expect to see a divergence starting back in the 1980s, not just the last decade.
There’s so much spread in the ‘civil law’ countries that it’s hard to call this compelling evidence for supply-driven housing crisis. Definitely something different between the common & civil law groups, but it’s not supply. Or not just supply.
Not trying to back any specific side here, but the divergence at 2013 is because they’re using a difference in price relative to Q1 2013 (so near 2013 it will always be close to zero). If you used 2015 or something the right graph would still look similar. We don’t know if such a divergence is present since the 1980s since no data is presented (making it an unhelpful comparison).
It would also be good to see more countries included, and the actual lines labeled for which country they are. Overall I would say this graphic doesn’t provide adequate information to back up its claim.
Also as [email protected] said above, different counties have different markets, policies, economies, etc. making it hard to make generalizations.
Or… These are very different places with different constraints.
For example, the US is comprised of 50 states - construction has to meet federal, state, county, municipality codes, and then any federal or state agencies that have a say on construction possibly affecting water ways, natural habitat, etc.
The bureaucratic process is staggering.
And municipalities change their minds every day the wind blows (and who is paying them off).
So it’s a problem of bureaucracy and graft.
Right, and maybe civil law is better at fighting bureaucracy and graft than common law.
Sounds like Germany.
right and other countries don’t have national/regional/local independent governing bodies?
fucking American brainrot, thinks America is special and inique and that justifies it being shite.
the only things special about the US is that the country is shite, and the population are mostly ignorant sheep.
The right hand graph only covers, like, the last 10-15% of the left hand graph. If this was really a supply issue, then you’d expect to see a divergence starting back in the 1980s, not just the last decade.
There’s so much spread in the ‘civil law’ countries that it’s hard to call this compelling evidence for supply-driven housing crisis. Definitely something different between the common & civil law groups, but it’s not supply. Or not just supply.
Not trying to back any specific side here, but the divergence at 2013 is because they’re using a difference in price relative to Q1 2013 (so near 2013 it will always be close to zero). If you used 2015 or something the right graph would still look similar. We don’t know if such a divergence is present since the 1980s since no data is presented (making it an unhelpful comparison).
It would also be good to see more countries included, and the actual lines labeled for which country they are. Overall I would say this graphic doesn’t provide adequate information to back up its claim.
Also as [email protected] said above, different counties have different markets, policies, economies, etc. making it hard to make generalizations.