Beryl@jlai.lutoWorld News@lemmy.world•China's home-price slump deepens to new 9-year low despite stimulusEnglish
571·
3 months agoHousing is too cheap? Now that’s a problem I’d like to have
Housing is too cheap? Now that’s a problem I’d like to have
I did, that’s how I could summarize what they’re actually about. Now if you think those failings should add up to the same factual reporting rating than Fox News…
Yeah you can find all of their FIVE failed fact checks in the last 5 years, most of them consisting in simply reporting on what other seemingly believable sources such as other news outlets or NGOs had said. The outrage ! It’s basically British Fox News /s
Highlights
•
The size of very large houses dramatically increased since 1980, leading to a “McMansion effect.”
•
Homeowners’ satisfaction drops with nearby McMansions, but not neighborhood satisfaction.
•
In response to the “McMansion effect”, homeowners enlarge homes and incur more debt.
•
Isolated McMansions or those built before move-in don’t affect satisfaction or behavior.
•
Zoning laws limiting maximum house sizes could enhance welfare by reducing pressure to upscale homes.