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Re:Japan Shows the Way to Affordable Megacities (2014) by Spooky23 on Sunday May 07, 2017 @10:25AM (#14285597)
Current market conditions in the US are a major outlier that will correct.

Prices are high because we have an inflationary monetary policy around housing. Essentially all mortgages are nearly risk-free to the lender, and are essentially implicit federal obligations.

Re:Japan Shows the Way to Affordable Megacities (2014) by TheAdamAndChe on Sunday May 07, 2017 @06:11PM (#14287990)
I'm not sure it will correct as much as you think. The high prices are mostly driven by regional wealth inequality leading to the only good jobs being in a handful of cities. That job concentration massively increases housing costs in those areas. SV is a great example of this.
Re:Japan Shows the Way to Affordable Megacities (2014) by Spooky23 on Sunday May 07, 2017 @08:29PM (#14288479)
I didn't say anything about timeframe... but those kinds of conditions don't last forever.

Structural inequality is dangerous. All it takes is a little insurrection and the "faith and credit" gets depleted.

Hopefully we improve the stage of things.