2 ms·
> Ireland would have vaguely similar rents to the UK discounting London At first, this seemed wildly implausible. But back of the envelope, it requires house p
by philh 11y ago
> Ireland would have vaguely similar rents to the UK discounting London
At first, this seemed wildly implausible. But back of the envelope, it requires house prices to be about 3x higher in London (15% of the UK) than elsewhere. That seems a little high to me, but the right sort of ballpark.
(Calculation: start with 100 houses at 679pcm. Increase 15 of them in price until the average is 902pcm. Those 15 houses now cost 2165pcm.)