Re:Japan: The Harbinger State
by onlyrealcuzzo on Monday January 23, 2023 @09:05AM
(#34488818)
> Buildings LOSE value over time.
This is not unique to Japan. Buildings depreciate.
You only notice it in Japan because general inflation has been close to 0% and sometimes negative.
Also - people in Japan tend to spend much less money updating their home compared to the rest of "The West". If you're sinking 1% of the value of your home into updates annually - the home isn't going to depreciate as much as if you didn't.
This is not unique to Japan. Buildings depreciate.
You only notice it in Japan because general inflation has been close to 0% and sometimes negative.
Also - people in Japan tend to spend much less money updating their home compared to the rest of "The West". If you're sinking 1% of the value of your home into updates annually - the home isn't going to depreciate as much as if you didn't.