Interesting analysis but Texas (1.5%) and S Carolina (1.1%) have above average population growth and low house prices due to easy regs over land; California has high prices in spite of low growth. Of course, many US states (Miss., WV, Louisiana, Mass Wash) match your analytical framework. You would need to use an analysis that incorporated prices, population and Wendel Cox's regulatory onerousness
We have halfwits at the local and state government level screwing up the supply side, and there's no way it's going to get better any time soon. High immigration in that context dooms the next generation of Australians to a situation in which they're priced out of the market, and starting a family. Give me the CIS's $4.5mn budget and I'll see what I can do about commissioning some more wholistic analysis. The core thesis still stands, and it's a powerful indictment of our political class and the extent to which they've sold us all out to property developers.
Interesting analysis but Texas (1.5%) and S Carolina (1.1%) have above average population growth and low house prices due to easy regs over land; California has high prices in spite of low growth. Of course, many US states (Miss., WV, Louisiana, Mass Wash) match your analytical framework. You would need to use an analysis that incorporated prices, population and Wendel Cox's regulatory onerousness
We have halfwits at the local and state government level screwing up the supply side, and there's no way it's going to get better any time soon. High immigration in that context dooms the next generation of Australians to a situation in which they're priced out of the market, and starting a family. Give me the CIS's $4.5mn budget and I'll see what I can do about commissioning some more wholistic analysis. The core thesis still stands, and it's a powerful indictment of our political class and the extent to which they've sold us all out to property developers.