Re:Housing can’t both be a good investment and be affordable
by seanmcdirmid on Saturday November 03, 2018 @12:19AM
(#18368671)
Again, it only looks like a steal if you look at unit costs and not per square feet/meter costs. This puts Tokyo on par with Seattle. See https://www.numbeo.com/property-investment/compare_cities.js...
Re:Housing can’t both be a good investment and be affordable
by nradov on Saturday November 03, 2018 @12:56AM
(#18368786)
It's easy to keep housing prices from rising when a country has a low birth rate and minimal immigration.
Re:Housing can’t both be a good investment and be affordable
by barry-cotter on Saturday November 03, 2018 @01:13AM
(#18368838)
Tokyo’s population has grown in every census since 1955.
http://www.newgeography.com/content/002923-the-evolving-urba...
Re:Housing can’t both be a good investment and be affordable
by dba7dba on Saturday November 03, 2018 @03:01AM
(#18369093)
I heard many many commuters who work in Tokyo actually live pretty far away, commuting via the bullet trains. So the housing market in Tokyo is not in tremendous demand.
Re:Housing can’t both be a good investment and be affordable
by amanaplanacanal on Saturday November 03, 2018 @03:00PM
(#18371863)
Good public transportation certainly helps there, which most of the US doesn't have.
https://marketurbanismreport.com/tokyos-affordable-housing-s...
> According to the website RealEstate.co.jp, average housing prices throughout Greater Tokyo have actually decreased since 2006. In 2014, the average price of second-hand condos was 27,890,000 yen, or about $232,914. This is above the U.S. median of $187,000, but is a steal when considering that average housing prices in many destination U.S. cities are triple or quadruple this amount.