Is Japan's relationship with new construction healthy? From what I understand houses in Japan are like cars in the west, they depreciate over time. When someone

Is Japan's relationship with new construction healthy? From what I understand houses in Japan are like cars in the west, they depreciate over time. When someone buys an old house they knock it down and build a new one. I can see some value in that, since the houses can be more customized to the owner as opposed to builder basic beige that we get here. But it also means houses aren't built to last which I find kind of sad.