If an investor is planning to buy $1 million worth of housing, it is strictly better that he spends it on 2 small units in the midst of a luxury high-rise than

If an investor is planning to buy $1 million worth of housing, it is strictly better that he spends it on 2 small units in the midst of a luxury high-rise than spending it by snapping up 2 large traditional family homes. High density central housing reduces prices for the suburbs. That's why Tokyo housing is so cheap.