https://pbs.twimg.com/media/GJiJ8ldXcAAsM8B?format=jpg&name=900x900
Building restrictions + subsidies for buyers & mass immigration = 📈
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https://pbs.twimg.com/media/GJiJ8ldXcAAsM8B?format=jpg&name=900x900
Building restrictions + subsidies for buyers & mass immigration = 📈
What’s going on in Spain?
i suspect they are not seeing much immigration, i think that is also the case with Japan.
it could be that they have fewer building regulations than in North America, but i don’t know for sure.
Tokyo had a large building boom to alleviate housing prices and shortages
Yeah, clearly the demand is not so high: maybe it is dying out faster and faster and so the whole villages are being left empty. I’ve heard about some cheap places there, about foreigners buying houses, retired people moving there. Spain is something like Florida in the US. Same likely true for Italy. Greece as well. Not sure about Japan though.
Those values make no sense. If you had real state at 1975 prices in spain you would be millionaire now..
Does the term "real" mean taking into account inflation?
yes, i believe the adjustment is CPI inflation
I don't think it's adjusted for inflation, but the brick rush is real.
It's important, since if not it could just as easily be a fiat debasement chart.
You're absolutely right, but I don't think it's adjusted for inflation, hardly any charts I see take cumulative inflation into account.
In Canada it’s the money supply. https://m.stacker.news/23045
https://m.stacker.news/23046
Seems like a good store of value? Society? I’ll opt out and into Bitcoin as savings! Tick tock next block!
The average for USA is somewhat low because of geopolitical disparities.
A house near the ocean in California has appreciated like crazy.
Any place near the coast has appreciated more than 123 percent.
My dad sold his townhouse recently in Los Angeles. Not a fancy neighborhood but almost 2.7x what he paid for
Same as saying, fiat currencies have imploded in the 21st century
Homes in the US have also gotten much bigger with more features though.
ZIRP!