Not to mention that the US Dollar and the UK Pound are much more attractive for foreign investment than the Japanese Yen. We can easily measure this by comparin

Not to mention that the US Dollar and the UK Pound are much more attractive for foreign investment than the Japanese Yen. We can easily measure this by comparing Japanese bond demand with that of the US, UK and Europe. Not to mention that Japan is not currently an attractive place for Chinese investment for reasons I will not go into here. Real estate is going up due to foreign investment. We are watching in real time as the slowdown in China is showing a direct correlation with west coast US and west coast Canadian real estate markets cooling. Buffalo, NY, and many other rust belt cities, have seen significant increases in housing prices while their populations decrease rapidly. I second how boring listening to the trope about Japanese real estate prices when it has nothing to do with attitudes towards building. North Dakota has little to no zoning restrictions and we certainly don't see those prices staying in reasonable amounts. It is so obviously false to anyone even remotely involved in investment or real estate, that I sometimes wonder if there is some kind of agenda that pushes this nonsense outside of your typical internet obsessive ideologies.