Re:An average family in Tokyo can own a new house for $850/m...
by dionidium on Sunday April 26, 2020 @10:12PM
(#22992266)
> Japanese houses decrease in value, generally quite severely
And why shouldn't they? What keeps housing prices high in the U.S. is artificial scarcity. It's the land that's valuable, not the out-of-date structures that exist on it. And the land is so valuable because it's illegal to build enough housing to meet demand in most places.
And why shouldn't they? What keeps housing prices high in the U.S. is artificial scarcity. It's the land that's valuable, not the out-of-date structures that exist on it. And the land is so valuable because it's illegal to build enough housing to meet demand in most places.