The REAL WORLD in a Cartogram – WorldMapper

Cartograms are designed to challenge the way we view the world.

World Housing PricesHousing prices -The size of each territory shows the total value of all housing, adjusted for local purchasing power.

Western Europe contains the most expensive housing, while Africa and South Asia has the cheapest, even after allowing for the fact that money goes further here.

I think the standouts are Japan, the UK, Germany and parts of Europe. No wonder they have 100 / 150 Year mortgages in Japan.

Would be interesting to view a late 2008 model?

From Worldmapper …..

This map shows the price of the housing stock of a territory, in purchasing power parity. This means that prices shown take into account the variation in what can be bought for US$1 in different territories. The most expensive housing per person in the world is in Europe, where a home is now usually no longer just somewhere to live, but is also an investment.The cheapest housing stock is found in the African regions and Southern Asia, despite taking into account that money goes further in these territories.

Even with the higher costs of housing in richer territories, the average household is smaller in these places.

The one above hails from a few years back. High Res version here. It looks like this is an updated one here from a new 2008 book. There are other housing related cartograms here.

I think the standouts are Japan, the UK, Germany and parts of Europe. No wonder they have 100 / 150 Year mortgages in Japan.

Would be interesting to view a late 2008 model?

(The Atlas of the Real World: Mapping the Way We Live by Daniel Dorling, Mark Newman and Anna Barford)

2 thoughts on “The REAL WORLD in a Cartogram – WorldMapper

  1. avatarDavid Leggott

    They may not be available today, but they have had them…..
    You may be interested to read this
    The 100-year Japanese residential mortgage: An examination*1
    Chun-Hao Chang, Associate Professor, Krishnan Dandapani, Associate Professor of Finance and Rolf Auster, Professor of Taxation
    A recent innovation in the Japanese real estate industry to promote home ownership is the creation of a 100-year mortgage term. The home, encumbered by the mortgage, becomes an ancestral property and is passed on from grandparent to grandchild in a multigenerational fashion…..
    see here……
    http://www.ingentaconnect.com/content/els/10619518/1995/00000004/00000001/art90004
    They are sometimes also referred to as inter-generational or multi-generational mortgages.
    Or you could go here….
    http://www.walesonline.co.uk/, and enter 100 year mortgage in search box to see result.

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