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Additional info for 36 propositions for a home
The same tendency to inversion was exhibited by marriage rates in predominantly agricultural countries. On the other hand, Ohio agriculture exhibited two indications of building swings in a positive rather than an inverted form. One indication relates to farm mortgage credit recordings, which show clear-cut reference-cycle fluctuations in value (Chapter 4, pp. ). A second indication is the clear-cut long reference-cycle behavior of barn and stable building shown in Chart 1-2. Perhaps extension of farm settlement in America and in other agricultural countries proceeded in contracyclical rhythms, and intensive building within settled farm communities developed in cyclical rhythms.
Both of these activities evince specific total amplitudes nearly double that of residential building, indicating a tendency to over- and underdevelopment of new sites as demand for shelter fluctuates. The primary phase of land development—procurement of land in urban environs—reaches its peak long after residential building has peaked and continues Summary of Findings 25 to decline until nearly midway through a building expansion. The work of lot preparation and subdivision is more promptly adjusted to building needs and conforms in its timing, with a lag of under six months, to movements of building activity proper.
For Germany as a whole, longswing fluctuations in the total flow of mortgage credit were almost as distinctive as for the city of Berlin. In Ohio all semblance of reference fluctuation in statewide value of mortgage recordings was rubbed out in the process of aggregating all uses of mortgage credit. Since the statistics of new building showed significant statewide long swings and since we may infer the existence of corresponding swings in statewide mortgage credit used to finance new construction, there must have been inverse long swings in the flow of credit for business or personal uses or to finance transfers in improved or unimproved property.
36 propositions for a home by Peripheriques