March 27, 2020
IT'S IMPOSSIBLE TO OVERSTATE DEFLATION:
Average home is more spacious now than ever - here's why that's a problem for the environment (Katherine Ellsworth-Krebs, 3/27/20, tHE cONVERSATION)
Around the world, more people are living with more space at home than at any other time in history.This may be surprising - cramped, dingy rooms are as familiar in Shanghai as they are in London. But on average, the space per person in Chinese homes has increased by nearly 30 square metres in 40 years, and by four square metres in the UK over the past 15 years.
Meanwhile, the percent of income claimed by mortgage payments for these bigger/better homes continues to plummet.
Posted by Orrin Judd at March 27, 2020 7:31 AM