News for hackers. Stuff that matters.
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.