I think it’s their crazy common law system.
I hate that some of the graphs are unlabeled.
Looks like Germany and France share 6 lines
And there are at least five if not six pink lines. One ends near “W Europe” and two appear to be “Canada.”
Nah. If we take the US as an example they have rampant NIMBYism, a suburbanism ideology that isn’t sustainable financially (or ecologically or socially, for that matter), and rather strict zoning, with the worst stemming from the city of Euclid, and thus being named “euclidean zoning”.
If you’re up for some videos, then StrongTowns, CityNerd and NotJustBikes all talk about this at length.
Yes between the low density and refusal to build transit, which go hand in hand, suburban car dependant planning has destroyed the livibility and affordability of many cities.
It’s the neoliberal fever dream that unregulated market mechanisms can build a better world. It’s the socioeconomic theory that unfettered psychopathy is a guiding light, and the high priests of this religion pray the light at the end of the tunnel isn’t a train. (Or that they died wealthy of old age before things ever got too bad for them.)
The other way you could interpret this is that so many people want to live in these amazing countries that it’s outpacing home construction. I would like to see this compared to net migration and/or population growth.
In Canada that’s what it was. They seriously curtailed immigration with the new government, which is starting to lower home prices. It’s not sunshine and rainbows though, we needed those immigrants to plug the labour hole the boomers left. Coupled with the tariffs and market incertainty, Canada is in an unofficial recession already.
They seriously curtailed immigration with the new government
Carney only became PM in March. Where are you seeing statistics of a large decrease in net migration since then?
No interest in letting in more tradespeople to buff up the construction industry?
Apparently not. Personally I thought they should have tried to get more tradespeople, but here we are.
It’s not labor that’s the problem, it’s materials and transportation. I guess everyone just forgot about the fucking trade war
More tradespeople to build firetrap bungalow sprawls is how we get bankrupt munis like Detroit and not sustainable walkable subway utopias like Manhattan.
Net migration rate is 3 per 1000 people in the US and 3.2 in the UK. Germany has a net migration rate of 1.8 per 1000, France 1.1, and every other Western European country has at least 3.5. Also Germany and France both have a higher percentage of their population being immigrants than both the US and UK. So that’s definitively not it.
You really think that’s what’s happening?
How do people come up with such ridiculous drivel…
Yes, that’s definitely part of it. It’s not perfect, but if you think the English speaking world is a disaster you should try living in a developing country.
I have done mission work in Africa and South America, their family cultures are more intact than the west. Sure the governments are more fucked but we’re heading there at a rapid pace
But we don’t have the family unity or social cohesion to band together against fascism right now, so in many ways our situation is worse than any but the most warlord aggrieved countries.
What’s up with this graph, it’s nice that they went back in time from 1995 too but since they’re stacked from there you can’t know which lines belong to which individual country. Remains interesting to see that two distinct blocks formed over time. I guess Brits will feel some extra bregret watching this.
Canada and NZ LEFT the EU?
Honestly Brexit is the least of these problems and all this shit will happen to you too. Angloids just tend to be ahead of the curve. “It can’t happen here” is how it happens in the Netherlands, trust me your fancy bike infrastructure and picturesque villages while great, isn’t safe from this either. It’s only a matter of time before memetic virility jumps language lines.
You’re obviously not in the loop, major housing crisis going on already. But because it across the board it doesn’t necessarily translate to extreme housing prices (although they’ve been getting steeper for years now).
I’m pretty aware of the housing prices, what the fuck does that have to do with anything? You were talking about “bregret” which sounds like a dig at Brexit? The housing crisis has zero to do with that - and absolutely everything to do with the natural result of Neoliberalism.
I’m pretty aware of the housing prices, what the fuck does that have to do with anything?
The graph is literally about housing prices
You were talking about “bregret” which sounds like a dig at Brexit? The housing crisis has zero to do with that - and absolutely everything to do with the natural result of Neoliberalism.
Brexit is also a result of neoliberalism, I mentioned it because if remain had won (= the tories wouldn’t be in power the years after the vote), their housing prices would be less like NZ and Canada and more like the European average. That would still be a problem, I’m not implying everything would be fine for UK if they didn’t vote for brexit just like I’m not implying everything is fine in the Netherlands or elsewhere in Europe.
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Tories would absolutely be in power. The remain campaign was Cameron’s and the wider establishment’s camp.
No one on the left was vocally pro-remain because supporting neoliberal institutions like the EU and it’s baggage of World Bank and IMF isn’t exactly at the top of leftists minds. Even JC was pro-Brexit way back in the day. I’m pro-EU as a pragmatic thing but I think it would be hard to get the left excited about this. It’s part of why Brexit won really, they had basically no opposition from anyone apart from the most swampiest and wooden of stooges.
their housing prices would be less like NZ and Canada and more like the European average.
I just don’t see the connection. To avoid the housing issues present in the UK now, there would need to be radical nationalized housebuilding campaigns which would require both a party willing to tank house prices for the largest voting block - elderly homeowners.
They would need to fight past NIMBYism and tear up nonsensical environmental regulations (brown land, greens being anti-nuclear, skyline protections), obliterate red tape and cut out the middle-man private compliance consultancies sucking the government dry.
Then they’d need to then again radicalize the largest voting block of the population, the wealthy and the house of lords, alongaide the vast majority of MPs (who are Landlords) by taxing landlords heavily to prevent all new housing going to a few mafias of landlords who will price fix it.
By far most of this country’s productive investment capital is tied up in housing and land, so this would likely create an economic crash as the sheikhs and various russian oligarchs, and other assorted abramoviches of the world pull out of expensive London real estate.
They then would need to scrap some expensive programs like triple lock, foresee that the megaprojects are a waste and do small developments and upgrades to infrastructure to cope with and supply for new housing, alongside nationalising utilities to lower prices both for themselves in getting the new builds connected, and also for the eventual tenants/owners on the bills, which would leave them with disposable income to spend in the economy.
All this would also require lower borrowing costs and either less debt or more GDP to leverage to borrow at lower interest rates, which would require a state that didn’t sell off all of its money making assets in the 80s to private investors who ran with it and are now taking the piss, sometimes down our rivers.
None of those are things the UK has or would have had with or without Brexit.
Unless you can cite a source that attributes house prices increases to Brexit explicitly, or speculate on how a causal relationship would actually work, I don’t see how the two relate in the slightest. I don’t want to be dismissive either - if you have some idea, do tell me and I’d hear ya out.
The reason housing prices in the UK outpace Western Europe isn’t something I’m aware of either, but I think a safe assumption is that demand must be a large factor, safe to assume that immigration to english-speaking countries adds additional demand the housing sector can’t meet, exacerbating the existing issues.
Archive link of source article from Financial Times:
The culture where capitalism was born has exorbitant housing prices relative to other countries.
Shocking.
Why are there 12 lines and 7 labels, two of which are classes of country in a table of countries?
All the more reason to see what’s different about that outlier.
What’s the unlabeled red line?
I don’t see what’s so crazy about common law. With how dysfunctional the US Congress is, common law means you have a stopgap when a bind prevents rights from being upheld in a situation where the law doesn’t apply.
