> Japanese houses decrease in value, generally quite severely And why shouldn't they? What keeps housing prices high in the U.S. is artificial scarcity. It's t

> Japanese houses decrease in value, generally quite severely And why shouldn't they? What keeps housing prices high in the U.S. is artificial scarcity. It's the land that's valuable, not the out-of-date structures that exist on it. And the land is so valuable because it's illegal to build enough housing to meet demand in most places.