{"id":13227,"date":"2025-02-23T17:13:41","date_gmt":"2025-02-23T22:13:41","guid":{"rendered":"https:\/\/spinor.info\/weblog\/?p=13227"},"modified":"2025-02-23T17:13:41","modified_gmt":"2025-02-23T22:13:41","slug":"a-scary-map","status":"publish","type":"post","link":"https:\/\/spinor.info\/weblog\/?p=13227","title":{"rendered":"A scary map"},"content":{"rendered":"

Here is a map I just created using R, utilizing an OECD housing prices data set<\/a>. Specifically, the price-to-income ratio, which is to say, how (un)affordable housing can be in various leading economies.<\/p>\n

\"\"<\/p>\n

Why do I find this map scary? Well, the value of “100” represents the OECD average back in 2015. That was high enough already. Things have become a lot worse since.<\/p>\n

Here in Canada, housing is now 38% more unaffordable than it was nine years ago. Canada is near the top of this list; only Portugal is worse (49%). The United States is not far behind, at 29.3%. And it’s not like housing was terribly affordable in any of these places back in 2015 either.<\/p>\n

To be sure, there are a few countries where housing has become somewhat more affordable: Finland, France, Romania, Sweden are a few examples. One has to wonder though about the reasons. Is it the closeness of Russia, as in the cases of Finland or Romania? Is it a failed immigration policy, as in Sweden? Or perhaps political uncertainty, as in France?<\/p>\n

In any case, in the majority of OECD countries both in North America and Europe (shown in my map) and elsewhere, the situation is a lot less tenable now than a decade ago, and things are not about to change direction.<\/p>\n

When something as basic as housing becomes out of reach for many, we know we have a problem. In case anyone is wondering why populism is gaining traction everywhere, here’s the answer.<\/p>\n<\/fb:like>","protected":false},"excerpt":{"rendered":"

Here is a map I just created using R, utilizing an OECD housing prices data set. Specifically, the price-to-income ratio, which is to say, how (un)affordable housing can be in various leading economies. Why do I find this map scary? Well, the value of “100” represents the OECD average back in 2015. That was high […]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,19,5],"tags":[],"class_list":["post-13227","post","type-post","status-publish","format-standard","hentry","category-canada","category-economy","category-politics","category-22-id","category-19-id","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/13227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13227"}],"version-history":[{"count":7,"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/13227\/revisions"}],"predecessor-version":[{"id":13235,"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/13227\/revisions\/13235"}],"wp:attachment":[{"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spinor.info\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}