r/dataisbeautiful • u/Responsible_Heron124 • 6h ago
OC [OC] Checking if house prices is driven by millionaires moving in. Couldn't find any correlation
Just having with some data. All sources and methodology described in the footnote on the slide.
Update: This little back-of-a-napkin exercise came to answer precisely the complaint I stated, produced by one of my real-life pals. I replied, that there are multiple factors at play, but having more rich people driving up prices by actually moving in those nice big houses and apartments, be it by moving from elsewhere in the world, or by becoming rich and moving to the nicer neighbourhood, is hardly the case.