4 ms·
We have this issue in major cities all over the world. Are they all zoning issues or is the end of the gold standard, allowing banks to create unlimited credit
by branchless 9y ago
We have this issue in major cities all over the world. Are they all zoning issues or is the end of the gold standard, allowing banks to create unlimited credit part of the problem?
- m_mueller 9y agoJapan's example would suggest it's zoning. Tokyo is IMO very affordable for a metropolis (i.e. lots of people in middle income jobs can have a small but decent apartment here). And small apartments are less of an issue than you think, if a city has the right amenities. Room for children to play? There's tons of public play centers and playgrounds. A Garage? Don't need it, walk instead 5min to a superb transport network. Big kitchen? There's 50 restaurants within a 15min walk. Big relaxing bath? Go to a nearby public bath house and feel like an Ancient Roman. Need space for guests? Fold away your Futon, put up the heated Kotatsu-Table and have another room to use. More fun? Shibuya is 25min away. All yours for ~950 USD/month for a 35m2 or so apartment.
- branchless 9y agoJapan had a credit driven bubble. I strongly recommend watching this by Werner: https://m.youtube.com/watch?v=p5Ac7ap_MAY https://m.youtube.com/watch?v=p5Ac7ap_MAY
- m_mueller 9y agoWell.. so had the US less than 10 years ago?