But why should a single median salary be enough to buy a home
It’s just unrealistic
midwestck on
The data would be better suited for a scatterplot with continuous net migration rate. Unless we are not anticipating a dose response for some reason.
leithal70 on
This is making it seem like immigration is a major factor in housing affordability when there’s so so much more to the picture. We should look at zoning leniency and housing costs, or single family homes per 100,000 housing units and housing costs.
Immigrants are usual a net benefit to society, but it’s important that society builds enough housing and capacity to support new citizens. The west has historically not done this
-p-e-w- on
Interesting that there happen to be the exact same number of countries in both groups.
Or is this data cherry picked?
cubyx07 on
I do not see this appropriately presented. While it might show some direction I think the income should be presented after taxes. The median income is lower in all of the countries after taxes which makes the ratio higher and closer to reality. Also factor in cost of living. This will actually show that with how much is earned after taxes and subtract how much is needed to live in a country – will give a Median of how much can actually be spent on a new real estate acquisition. Then the real ratio will show us that a median earning person would actually need more than 30 years – if not more to afford anything.
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Done with Python, using Matplotlib and Seaborn libraries: [https://colab.research.google.com/drive/1BJBLsu40dutRo8IbAspSL8D-OiiKNrYn](https://colab.research.google.com/drive/1BJBLsu40dutRo8IbAspSL8D-OiiKNrYn)
Portugal isn’t low, I guess expats aren’t counted
But why should a single median salary be enough to buy a home
It’s just unrealistic
The data would be better suited for a scatterplot with continuous net migration rate. Unless we are not anticipating a dose response for some reason.
This is making it seem like immigration is a major factor in housing affordability when there’s so so much more to the picture. We should look at zoning leniency and housing costs, or single family homes per 100,000 housing units and housing costs.
Immigrants are usual a net benefit to society, but it’s important that society builds enough housing and capacity to support new citizens. The west has historically not done this
Interesting that there happen to be the exact same number of countries in both groups.
Or is this data cherry picked?
I do not see this appropriately presented. While it might show some direction I think the income should be presented after taxes. The median income is lower in all of the countries after taxes which makes the ratio higher and closer to reality. Also factor in cost of living. This will actually show that with how much is earned after taxes and subtract how much is needed to live in a country – will give a Median of how much can actually be spent on a new real estate acquisition. Then the real ratio will show us that a median earning person would actually need more than 30 years – if not more to afford anything.