Re:Why Is 'Affordable' Housing So Expensive to Build?
by Johnny555 on Saturday January 06, 2018 @11:35PM
(#16089189)
The difference though is that Japan builds a lot of housing, so you can still find a 1LDK (1 bedroom equivalent) apartment for under $1500 USD in Tokyo. (and of course, being Tokyo,you can pay much more).
It will be smaller than a typical American apartment but at least you won't be sharing with roommates.
Think people in Tokyo living in "cages". It starts as people renting a 2 BR apartment putting two sets of bunk beds in each room and now you have 8 young wokers playing ~1/5 of a 1br price for the area. But, now you add bunk beds to the living room, or beyond that people hot bunk so someone in the night shift sleeps during the day etc. However, this tends to unsanitary conditions and adds externalities.