3 ms·
A little disingenuous to compare London to Japan. Population in Tokyo has also been increasing yet house prices not so much (1) Japan and Tokyo do housing righ
by latch 9y ago
A little disingenuous to compare London to Japan. Population in Tokyo has also been increasing yet house prices not so much (1)
Japan and Tokyo do housing right. Pricing largely stays the same, quality of living increases.
I absolutely don't mean this about you, but the general sense that I get is people largely don't want to admit someone else is doing things better. People are convinced that their city/state/country is really special and any problem they have are just problems that clearly have no solution. If a solution did exists, obviously, they'd have it. It's ego and pride.
(1) https://www.ft.com/content/023562e2-54a6-11e6-befd-2fc0c26b3c60?mhq5j=e6 https://www.ft.com/content/023562e2-54a6-11e6-befd-2fc0c26b3...
- lhopki01 9y agoSomething that only happened when population growth stopped and the economy stagnated. Before that there were massive property bubbles.