Building restrictions + subsidies for buyers & mass immigration = 📈
157 sats \ 4 replies \ @oliverweiss 25 Mar
What’s going on in Spain?
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21 sats \ 2 replies \ @kr OP 25 Mar
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.
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100 sats \ 0 replies \ @Bell_curve 25 Mar
Tokyo had a large building boom to alleviate housing prices and shortages
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25 sats \ 0 replies \ @oliverweiss 25 Mar
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.
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10 sats \ 0 replies \ @fm 25 Mar
Those values make no sense. If you had real state at 1975 prices in spain you would be millionaire now..
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33 sats \ 4 replies \ @siggy47 25 Mar
Does the term "real" mean taking into account inflation?
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76 sats \ 0 replies \ @kr OP 25 Mar
yes, i believe the adjustment is CPI inflation
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0 sats \ 2 replies \ @riberet19 25 Mar
I don't think it's adjusted for inflation, but the brick rush is real.
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10 sats \ 1 reply \ @siggy47 25 Mar
It's important, since if not it could just as easily be a fiat debasement chart.
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109 sats \ 0 replies \ @riberet19 25 Mar
You're absolutely right, but I don't think it's adjusted for inflation, hardly any charts I see take cumulative inflation into account.
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0 sats \ 0 replies \ @grayruby 26 Mar
In Canada it’s the money supply.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 25 Mar
Seems like a good store of value? Society? I’ll opt out and into Bitcoin as savings! Tick tock next block!
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0 sats \ 0 replies \ @Bell_curve 25 Mar
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
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0 sats \ 0 replies \ @DesertDave 25 Mar
Same as saying, fiat currencies have imploded in the 21st century
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0 sats \ 0 replies \ @021da48107 25 Mar
Homes in the US have also gotten much bigger with more features though.
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0 sats \ 0 replies \ @Undisciplined 25 Mar
ZIRP!
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