this post was submitted on 07 Jan 2024
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Late Stage Anglo-American Empire

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[–] davel@lemmygrad.ml 7 points 2 years ago

I’ve expressed my skepticism for the veracity of that site’s infographics twice before (most recently). It’s some guy’s financial advice grift project. Just because he mentions his “sources” doesn’t convince me.

[–] NothingButBits@lemmygrad.ml 6 points 2 years ago

I would say rents are even worse. In my country the cheapest ones are 35%-40% of my post-tax salary. And these are for the shitty apartments.

[–] sevenapples@lemmygrad.ml 5 points 2 years ago (1 children)

Something related to mortgages happened between 2005 and 2010, where the red line is above the green one, but I can't quite put my finger on it.

But whatever it was, it surely won't happen again!

[–] VictimOfAmerikkka@lemmygrad.ml 1 points 2 years ago

What was it? That is escaping my memory right now 😅

[–] DAGromov@lemmygrad.ml 2 points 2 years ago (1 children)

I applaud the use of graphs to educate but this one is lacking forcing the reader to assume a lot.

  • what is the vertical axis? I assume it's percentage change since some arbitrary time but the title text could mislead one to think it is "rate of change"
  • year against which everything is measured is not stated. I assume it's 2000.
  • are the figures inflation adjusted? If not, the graph could well be underplaying the situation.
  • I assume (again) that "average" here is the arithmetic mean but medium would be a much better measure of typical incomes and mortgages repayments because it is more robust to outliers. In a country with big disparities in wealth, the income of billionairees will skew the average high.
[–] MeowZedong@lemmygrad.ml 1 points 2 years ago (1 children)

From 2011 to 2013, the banks actually paid you to buy a home. Market forces, infallible logic, etc, etc.

[–] DAGromov@lemmygrad.ml 1 points 2 years ago (1 children)

That sounds awesome 😀 Which part of the world did that happen in?

[–] MeowZedong@lemmygrad.ml 2 points 2 years ago

The fantasy world in that graph.