Re:In Denmark's Train Dream, the Next Big City Is Only an Ho...
by TulliusCicero on Friday July 19, 2019 @11:51AM
(#20479618)
"Median house price"
1. Does that actually mean median 'house' price, or does it mean median 'home' price?
2. Is that price to buy, or rent, or what?
So, I think there's a few factors here. One is that recent booming usually leads to higher home prices, as the amount of building going on usually trails the number of jobs and income increases. It catches up eventually, but not until the boom stops.
The other is that it's true that sprawling out can decrease home prices. However, that tends to also increase transportation prices, since you're further out now. Americans spend a LOT on transportation because of the car dependency. Quick googling and math indicate annual household transportation spending of 9.7k for the US, 6.3k for Germany, 5k for Japan.
1. Does that actually mean median 'house' price, or does it mean median 'home' price?
2. Is that price to buy, or rent, or what?
So, I think there's a few factors here. One is that recent booming usually leads to higher home prices, as the amount of building going on usually trails the number of jobs and income increases. It catches up eventually, but not until the boom stops.
The other is that it's true that sprawling out can decrease home prices. However, that tends to also increase transportation prices, since you're further out now. Americans spend a LOT on transportation because of the car dependency. Quick googling and math indicate annual household transportation spending of 9.7k for the US, 6.3k for Germany, 5k for Japan.