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While you're right, bear in mind, the worldwide population was 1/8th what it is now 100 years ago. That would mean, on average, worldwide, using naive metrics,
by betwixthewires 5y ago
While you're right, bear in mind, the worldwide population was 1/8th what it is now 100 years ago. That would mean, on average, worldwide, using naive metrics, housing cost would be 1/8th what it is today, even adjusting for inflation. One thing to keep in mind, the population in the UK at that time was very high, the population replenished back to pre WW2 levels only in 2017 and that includes immigration that didn't exist back then, so it wouldn't have been 1/8th for her, only slightly less. But all in all, housing costs worldwide would've been significantly less back then.
- asdff 5y agoyou are also making an assumption that the homebuilding rate globally for the past 100 years has been zero
- betwixthewires 5y agoNo, I'm assuming that the available land has not increased. Historically until very recently (the past ~50 years) the vast majority of human beings built their own housing, available land would be the limiting factor and therefore most of the cost factor.