4 ms·
Tokyo added more than ten percent to its population in the last 15 years. The reason housing is cheap there is because they have a policy of building it. http
by shereadsthenews 8y ago
Tokyo added more than ten percent to its population in the last 15 years. The reason housing is cheap there is because they have a policy of building it.
https://marketurbanismreport.com/tokyos-affordable-housing-strategy-build/ https://marketurbanismreport.com/tokyos-affordable-housing-s...
- mlindner 8y agoNo the reason housing is cheap is because housing is a depreciating asset because of poor construction quality.
- akgerber 8y agoDo you think Silicon Valley and Westchester County tract homes are appreciating due to their superior construction quality? (There are many far nicer houses in the Midwest facing abandonment.)
- mlindner 8y agoThose houses have insulation in the walls and when the wind blows it doesn't blow through the building. Oh and they have internal heating.
- shereadsthenews 8y agoNot sure which Silicon Valley you are referring to. My house in that place has no insulation in the walls nor in any other place and none of the windows close properly so the breeze is steady throughout the interior. Of course they are /historic/ windows so I can't fix any of them.
- akgerber 8y agoYou can buy a brand new house with insulation and heating for under $200k in parts of the US with low land value. Even in California, you can buy a brand new house for $250k, mortgaged for under $1000/month— they're just in the parts with cheap land.