goodtempe
Re:U.S. house prices are rising exponentially faster than income
on Saturday October 30, 2021 @06:17AM (#29047572)
yes and this is on purpose. This is also partly because the safety standard is ever-evolving due to the precarious nature of Japan. Thus, updating house to the latest safety standard would cost more than just flat it over and rebuild a new one.
That's why, the most expensive part is the land and not the building itself.