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.
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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.