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The first chart[1] in the article shows a stark contrast between the "price to income ratios" of even countries that share a border. That suggests that governm

The first chart[1] in the article shows a stark contrast between the "price to income ratios" of even countries that share a border. That suggests that government policy plays an important role. [1] Reproduced here: https://i.redd.it/7loen1tjhqd91.jpg https://i.redd.it/7loen1tjhqd91.jpg

onlyrealcuzzo 4y ago
Spain, France, Portugal, and Germany seem to be where we could learn a lot of valuable lessons. All EU countries, all next to each other - Germany is bar far the biggest success - also the most densely populated - and yet hasn't seen home prices run away like in France and Spain. On the other side - Portugal hasn't either. Like Spain, it hasn't exactly had an amazing economic boom...
- spaetzleesser 4y ago
  From what I hear from family in Germany it's got pretty bad lately. Young people don't even dream of owning a home anymore or even moving out from parents' home.
- allendoerfer 4y ago
  > Germany is by far the biggest success It helps if you compare against a point in time, where you have just absorbed an impoverished communist economy that has to start from 0.
  - onlyrealcuzzo 4y ago
    Germany has the highest GDP per Capita, the least debt per Capita, and is growing faster than any of the other EU countries in the last 10 years. I think that has little to do with WWII.
    - allendoerfer 4y ago
      I am not talking about the German Empire turning into the Federal Republic, I am talking about the Federal Republic absorbing Eastern Germany (with state-owned property and very little income per person).
closedloop129 4y ago
It's "percentage change", not the "house price to income ratio". Without knowing the baseline, the numbers are not really comparable. It's also strange that South Korea is at -40% when the article states: >In South Korea, President Moon Jae-in’s party took a drubbing in mayoral elections this year after failing to tackle a 90% rise in the average price of an apartment in Seoul since he took office in May 2017
rootusrootus 4y ago
That chart suggests it isn't a huge deal in the US, but many people here would disagree. Must be vary regional. I do know that I've seen many areas where prices have been declining (I like to browse houses once in a while just to fantasize a bit about my next move).

onlyrealcuzzo 4y ago

Spain, France, Portugal, and Germany seem to be where we could learn a lot of valuable lessons. All EU countries, all next to each other - Germany is bar far the biggest success - also the most densely populated - and yet hasn't seen home prices run away like in France and Spain. On the other side - Portugal hasn't either. Like Spain, it hasn't exactly had an amazing economic boom...

spaetzleesser 4y ago
From what I hear from family in Germany it's got pretty bad lately. Young people don't even dream of owning a home anymore or even moving out from parents' home.
allendoerfer 4y ago
> Germany is by far the biggest success It helps if you compare against a point in time, where you have just absorbed an impoverished communist economy that has to start from 0.
- onlyrealcuzzo 4y ago
  Germany has the highest GDP per Capita, the least debt per Capita, and is growing faster than any of the other EU countries in the last 10 years. I think that has little to do with WWII.
  - allendoerfer 4y ago
    I am not talking about the German Empire turning into the Federal Republic, I am talking about the Federal Republic absorbing Eastern Germany (with state-owned property and very little income per person).

closedloop129 4y ago

It's "percentage change", not the "house price to income ratio". Without knowing the baseline, the numbers are not really comparable. It's also strange that South Korea is at -40% when the article states: >In South Korea, President Moon Jae-in’s party took a drubbing in mayoral elections this year after failing to tackle a 90% rise in the average price of an apartment in Seoul since he took office in May 2017

rootusrootus 4y ago

That chart suggests it isn't a huge deal in the US, but many people here would disagree. Must be vary regional. I do know that I've seen many areas where prices have been declining (I like to browse houses once in a while just to fantasize a bit about my next move).