This [1] is arguably even more useful. It gives a perfect illustration of how to keep housing prices low. 1995 is a key moment. Japan has been going through nea

This [1] is arguably even more useful. It gives a perfect illustration of how to keep housing prices low. 1995 is a key moment. Japan has been going through nearly 3 decades now of something between recession and stagnation. Their GDP was higher in 1995 than it is today. For some contrast, the US GDP has nearly tripled since then. This is also gross GDP and not GDP/capita. Japan at one point had a greater GDP/capita than even the US. Their plummeting fertility rate and aging population is just icing on all of these problems and one that, incidentally, also helps with housing problems. As some villages face the probability of just going extinct there's even widespread issues with homes simply ended up completely abandoned. For instance on one prefecture nearly 11% of all homes had been simply abandoned. [2] But indeed all of these factors (along some other uniquely Japanese trends that others have hit on) are sure to result in low home prices. But again, this is nothing anybody would ever want to emulate. [1] - https://www.youtube.com/watch?v=wykaDgXoajc https://www.youtube.com/watch?v=wykaDgXoajc [2] - https://www.japantimes.co.jp/news/2015/05/16/national/social-issues/japan-becoming-extinct/ https://www.japantimes.co.jp/news/2015/05/16/national/social...