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No lol. Teasing out how housing prices or rents are connected to macroeconomic conditions & public policy & developer sentiment & the interest rate environment
by hash872 7y ago
No lol. Teasing out how housing prices or rents are connected to macroeconomic conditions & public policy & developer sentiment & the interest rate environment is already complex enough- way more complex than these YIMBY 'supply and demand, it's economics 101 brah!' type arguments. Adding in another country with its own laws and policies and customs and macroeconomic environment is way too complex. My point is that YIMBY/Matt Yglesias-types are already making complex concepts way too simple- we don't need to add in another country that (frankly) virtually no one on Hacker News is qualified to explain on an economic & policy level.
Like, Japan famously hasn't grown in years and years and is arguably suffering from deflation. Does that affect their housing prices as much as anything else? Does anyone here have a PhD to help explain these complex multi-causal factors? Probably not