The Math Of Housing Prices

What do median house prices tell me? Picture © Justin Smith / Wikimedia Commons, CC-By-SA-3.0
What do median house prices tell me? Picture © Justin Smith / Wikimedia Commons, CC-By-SA-3.0

In terms of house prices, the city where I live avoided the worst of the Global Financial Crisis. There was a spurt in house prices that stopped in 2007, but after that, prices didn’t crash, they plateaued. Now, I rent a house, and I also own a house which I rent to someone else. One day, I’d like to sell the house I own, and buy one to live in. Naturally, I pay attention to newspaper headlines like “House Prices Plummet In May!”

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The Math of Voting

The Math Of Voting
The Math Of Voting

The House of Representatives in the United States Congress is responsible for creating laws that, if they get through the Senate and the President, become, well, law. the House has 435 members. The British House of Commons has 650 lawmakers. Even the Australian House of Representatives has 150 members.

 

Democratic countries deliberately choose to have their laws created by large groups of people. The idea is that special interest groups will not be able to have too much influence on the passage of laws, and so the government will truly be a government representative of the people.

Is it possible, then, that an entire democratic country could be run by as few as two individuals? Let’s see what the math says…

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