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A comment on Maybe Treating Housing as an Investment Was a Colossal Mistake. Parent comment

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by kurthr on Wednesday March 08, 2023 @12:07AM (#35065489)
Well, actually Japan's interest rates haven't been falling they have been below the inflation rate (eg mostly below 1) for the last 30 years. That is literally the lost 3 decades since 89, when they had a huge housing crash.

https://tradingeconomics.com/japan/interest-rate

No housing is not a financial asset in Japan.

However, China where they have built massive quantities of housing, it is an exceptionally expensive financialized asset, because that is where lending went.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by arcticbull on Wednesday March 08, 2023 @12:31AM (#35065601)
Housing isn’t a financial asset in Japan because you can build as much as you need so it doesn’t appreciate. Once supply caught up and overshot in china prices plummeted. It really is that simple.
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