Re:The Portuguese can no longer afford to live in Portugal
by bobthepanda on Thursday September 01, 2022 @06:23PM
(#32684158)
* transportation: the outlays of programs like Five Commuting directions in Tokyo was a direct contributor to the collapse of JNR, which led to the government assuming all JNR debt and privatizing the railways as JR Group
* housing production in Tokyo is great, but to put this in context today's Japanese housing market essentially happened after the bubble pop in the '90s. Prices from 1991 to 2004 had declined by 64% due to the pop. In that context, deregulation was palatable because people were already underwater and didn't bother as much to fight things that would lower property values. (In fact, it could've raised them.)
* housing production in Tokyo is great, but to put this in context today's Japanese housing market essentially happened after the bubble pop in the '90s. Prices from 1991 to 2004 had declined by 64% due to the pop. In that context, deregulation was palatable because people were already underwater and didn't bother as much to fight things that would lower property values. (In fact, it could've raised them.)