I’d also add that female labor force participation rates will move these numbers around some. Their calculations assume all countries have 50% female participation when calculating income, when it actually varies from 11%-85% or so.
Yeah, and it doesn’t adjust for taxes there either. I thought this was less of an issue when comparing rents to owning though, as the same error should affect both equally.
Indeed, it looks like property taxes average a third of US rates in the EU. Calculating the real cost of ownership over a length of time (thirty years, say) would be interesting.
Property Prices Index by Country 2019 Mid-Year (numbeo.com)
This doesn’t seem to account for property taxes, which I expect would change the story quite a bit for the US.
I’d also add that female labor force participation rates will move these numbers around some. Their calculations assume all countries have 50% female participation when calculating income, when it actually varies from 11%-85% or so.
Yeah, and it doesn’t adjust for taxes there either. I thought this was less of an issue when comparing rents to owning though, as the same error should affect both equally.
Indeed, it looks like property taxes average a third of US rates in the EU. Calculating the real cost of ownership over a length of time (thirty years, say) would be interesting.
Thank you.