Re:Evergrande has defaulted on its debt, Fitch Ratings says
by danaris on Thursday December 09, 2021 @10:09AM
(#29498162)
Japan has one very important and unusual challenge: very high risk of earthquakes.
Not only does this mean that it's more likely overall for a house to simply fall down, it means that the codes attempting to make that less likely are still evolving, as we improve both our understanding of what works well and our building methods and materials.
Attempting to generalize the situation in Japan to the rest of the world is therefore going to be somewhat unhelpful.
As for cars, they are also not particularly comparable, for similar reasons: we've been building houses for literally thousands of years, and while we certainly have more options than we used to, some of which are unquestionably improvements on the old, the fundamentals of what it takes to build a sturdy, safe house haven't changed much. Meanwhile, it's only been just over 100 years since the car was invented, they're much more fundamentally a piece of technology than a house is, and we're currently in a period of rapid improvement in various kinds of safety technologies within them. Again, attempting to compare is unhelpful.
Not only does this mean that it's more likely overall for a house to simply fall down, it means that the codes attempting to make that less likely are still evolving, as we improve both our understanding of what works well and our building methods and materials.
Attempting to generalize the situation in Japan to the rest of the world is therefore going to be somewhat unhelpful.
As for cars, they are also not particularly comparable, for similar reasons: we've been building houses for literally thousands of years, and while we certainly have more options than we used to, some of which are unquestionably improvements on the old, the fundamentals of what it takes to build a sturdy, safe house haven't changed much. Meanwhile, it's only been just over 100 years since the car was invented, they're much more fundamentally a piece of technology than a house is, and we're currently in a period of rapid improvement in various kinds of safety technologies within them. Again, attempting to compare is unhelpful.