Re:Investors bought a record share of U.S. homes in 2021
by CountSessine on Thursday February 17, 2022 @01:44PM
(#30376931)
Japan has a declining population. Residential real estate inevitably declines with this demographic trajectory.
The Kansai region has an increasing population and real estate prices are still in decline or stable.
Also Japan did not have a lot of nimby mentality blocking new housing, to my knowledge
Yes, they did - prior to 2001 when the national government took zoning authority away from municipalities.
Re:Investors bought a record share of U.S. homes in 2021
by adam_arthur on Thursday February 17, 2022 @01:49PM
(#30377012)
FRED shows housing prices in aggregate rising in Japan
https://fred.stlouisfed.org/series/QJPN628BIS
If a growing region is declining, I would expect building to be outpacing growth, or a cultural trend away from wanting to own (reduction in demand for purchasing despite growing population)
Re:Investors bought a record share of U.S. homes in 2021
by arcticbull on Thursday February 17, 2022 @03:50PM
(#30378473)
All that would mean is its a market where supply >= demand. The weights on the scale aren't as relevant, IMO.
More housing units per person. Also Japan did not have a lot of nimby mentality blocking new housing, to my knowledge
Lower rates offsets the price reduction to a certain extent.