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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Two-way (sending and receiving) short codes:

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    Venkatesh Rao‏ @vgr 23 Jun 2019
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    What countries besides the US have a very strong home ownership culture?

    6:13 PM - 23 Jun 2019
    • 1 Retweet
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    • Vaibhav Mallya Tanhaeiam Hurt Reynolds @reiver ⊼ (Charles Iliya Krempeaux) plutoo Betsy Megas Kai Nimayi Nick Kaufmann
    22 replies 1 retweet 17 likes
      1. New conversation
      2. Keerthik Sasidharan‏Verified account @KS1729 23 Jun 2019
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        Replying to @vgr

        https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate …pic.twitter.com/LHBveGHPeB

        3 replies 0 retweets 11 likes
      3. Venkatesh Rao‏ @vgr 23 Jun 2019
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        Replying to @KS1729

        I feel like I’m missing something looking at this list 🤔

        2 replies 0 retweets 5 likes
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      2. Ben Thompson‏Verified account @benthompson 24 Jun 2019
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        Replying to @vgr

        Nearly every country in Asia, and it is FAR stronger than the US. As in, you can’t get married until you own a house.

        4 replies 0 retweets 48 likes
      3. Shawn Teow‏ @eatsleepeatt 24 Jun 2019
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        Replying to @benthompson @vgr

        I still get black looks from my relatives for choosing to rent instead of buy when I was starting my family

        0 replies 0 retweets 1 like
      4. End of conversation
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      2. Patrick McKenzie‏ @patio11 23 Jun 2019
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        Replying to @vgr

        Japan is up there, though this is often discounted by folks in the West, whose view of Japan is excessively weighted towards Tokyo. (Where homes are still reasonably inexpensive in comparison to other global financial centers, btw.)

        3 replies 1 retweet 16 likes
      3. Lisa Mahapatra‏ @lisamahapatra 23 Jun 2019
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        Replying to @patio11 @vgr

        I was under the impression that land had value but houses are treated more like cars are in the US -- consumables that deprecate in value. Maybe this is just outdated/wrong info? Would love to read more about the Japanese housing market, if you have any recs.

        3 replies 0 retweets 0 likes
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      2. stucchio‏ @stucchio 23 Jun 2019
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        Replying to @vgr

        India is pretty high up there. This might be due to a highly non-securitized economy which makes land/property the closest you can get to buying an index. But also culturally it seems to be a big thing.

        2 replies 0 retweets 5 likes
      3. Lisa Mahapatra‏ @lisamahapatra 23 Jun 2019
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        Replying to @stucchio @vgr

        It's seen as a milestone of success. 1. Own a two-wheeler 2. Own a new car 3. Get married + kids 4. Own a house Infinity bonus points if you work in a high level government job like the IAS.

        1 reply 0 retweets 1 like
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      1. alex  🆙‏ @SpeakMouthWords 24 Jun 2019
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        Replying to @vgr

        The UK. It's deceptive to go by homeownership statistics because it's weighted by land prices. EVERYONE in the UK wants to own; it's the primary financial target above wedding and child.

        0 replies 0 retweets 6 likes
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      1. Josh Clement‏ @joshwclement 23 Jun 2019
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        Replying to @vgr

        Australia

        0 replies 0 retweets 2 likes
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