Switch from "national level" tab to "metro level", and select los angeles for an extreme example. Look at the the figures right of the map, that says "share of SFD units build before 1980 with a land share of" and compare the figures between 2012 and 2024. Just by eyeballing the percentages, it looks like the land share went from 50-60% to 70-80%. This is confirmed if you sum up the figures in a spreadsheet, you go from an average share of 51% to 72%.
You can compare this to overall housing prices in the LA area[1], prices in 2024 is 262.7% of 2012 prices. Suppose you have a $100k house in 2012, that will worth $262k in 2024, an appreciation of $162k. Using the land value percentages above, the land value of the houses are $51k and $188k respectively, an appreciation of $137k. That means 85% of the appreciation was in land, not because building materials got more expensive or whatever.
interesting. what about a timeframe that doesn't occur with a period of extremely low interest rates like your 2012 - 2024 time range?
What do you think the percentage of people would be in favor of using the national guard would be if they were deployed to rural America to stop the meth problem or they were deployed to Memphis, Houston, anywhere in Mississippi and Alabama?
Don’t you find it surprising that you don’t have the same type of ICE raids targeting the red border states but you have them targeting blue cities?
Why is Trump going to war with Venezuela instead of Mexico and Colombia where the drugs actually are? It’s all optics and meant not to upset his base.
Right now, for instance he is trying to pay off his “socialism bad” base of farmers - who he never targets with ICE raids - who are hurting because of his tarriffs.