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I read something about unaffordable housing being a function of English Common Law systems - couldn't find the original piece so I asked chatgpt to compile some
by eucyclos 11mo ago
I read something about unaffordable housing being a function of English Common Law systems - couldn't find the original piece so I asked chatgpt to compile some data:
Legal System Average Price-to-Income Ratio
Common Law 8.9×
Civil Law 6.1×
Mixed / Hybrid 6.5×
Islamic Law 5.1×
I'm not sure of the accuracy but it sure seems like common law systems have quite the surcharge, do any scholars of comparative law have theories as to why?