Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
by onlyrealcuzzo on Tuesday October 16, 2018 @04:26PM
(#18232928)
Houses in Tokyo once were considered expensive globally, but currently prices in Tokyo are only about 28% more expensive than in China on average. Japan on average is cheaper than China. And Tokyo compared to Shenzhen is only about 13% more expensive.
But wealth is about 2000% higher and wages are 440% higher in Japan.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi... https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe... https://www.numbeo.com/property-investment/compare_cities.js...
Are the number of people per square foot much higher? I know in Tokyo people's expectations are very different.