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There's also the fact that, not only was Tokyo rebuilt after the war, but that it is continually being rebuilt in a way that U.S. cities aren't. My understandi
by sevensor 8y ago
There's also the fact that, not only was Tokyo rebuilt after the war, but that it is continually being rebuilt in a way that U.S. cities aren't. My understanding is that there's a strong preference in Japan for living in newly constructed residences, which means that older housing stock is being replaced at a much higher rate than elsewhere.
- graphitezepp 8y agoThere is a strong preference for new houses, add in their superstition where if someone dies in a house it might as well be considered unmarketable and you get a market where you have to always keep building.