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Housing prices have been more or less flat in Tokyo for 30 years. https://marketurbanismreport.com/tokyos-affordable-housing-strategy-build/ https://marketurba
by barry-cotter 8y ago
Housing prices have been more or less flat in Tokyo for 30 years.
https://marketurbanismreport.com/tokyos-affordable-housing-strategy-build/ https://marketurbanismreport.com/tokyos-affordable-housing-s...
> According to the website RealEstate.co.jp, average housing prices throughout Greater Tokyo have actually decreased since 2006. In 2014, the average price of second-hand condos was 27,890,000 yen, or about $232,914. This is above the U.S. median of $187,000, but is a steal when considering that average housing prices in many destination U.S. cities are triple or quadruple this amount.
- seanmcdirmid 8y agoAgain, it only looks like a steal if you look at unit costs and not per square feet/meter costs. This puts Tokyo on par with Seattle. See https://www.numbeo.com/property-investment/compare_cities.jsp?country1=United+States&country2=Japan&city1=Seattle%2C+WA&city2=Tokyo&tracking=getDispatchComparison https://www.numbeo.com/property-investment/compare_cities.js...
- nradov 8y agoIt's easy to keep housing prices from rising when a country has a low birth rate and minimal immigration.
- barry-cotter 8y agoTokyo’s population has grown in every census since 1955. http://www.newgeography.com/content/002923-the-evolving-urban-form-tokyo http://www.newgeography.com/content/002923-the-evolving-urba...
- dba7dba 8y agoI heard many many commuters who work in Tokyo actually live pretty far away, commuting via the bullet trains. So the housing market in Tokyo is not in tremendous demand.
- amanaplanacanal 8y agoGood public transportation certainly helps there, which most of the US doesn't have.