Τετάρτη, Οκτωβρίου 19, 2005
Housing Economics
http://www.marginalrevolution.com/marginalrevolution/2005/10/housing_economi.html
Housing Economics
The NYTimes Magazine has an excellent article on the housing market based around a discussion of the development firm Toll Brothers. Bob Toll the president of the firm is predicting that US housing prices will converge with those in Europe. In Britain you pay seven times your annual income for a home; in the U.S. you pay three and a half." The British get 330 square feet, per person, in their homes; in the U.S., we get 750 square feet.
Housing Economics
The NYTimes Magazine has an excellent article on the housing market based around a discussion of the development firm Toll Brothers. Bob Toll the president of the firm is predicting that US housing prices will converge with those in Europe. In Britain you pay seven times your annual income for a home; in the U.S. you pay three and a half." The British get 330 square feet, per person, in their homes; in the U.S., we get 750 square feet.
# posted by Andreas Papandreou @ 10:05 π.μ. 
