4 ms·
I'm a little confused. Land values in Tokyo are high and have climbed consistently above inflation (post-bubble, of course).
by shuckles 6y ago
I'm a little confused. Land values in Tokyo are high and have climbed consistently above inflation (post-bubble, of course).
- epistasis 6y agoEdit: I should preface this by saying that I'm not an economist, and would welcome nothing more than being able to learn through this discussion, and am quite likely to be wrong on this! I appreciate the engagement. But housing prices are affordable in comparison to places that have restricted use in less efficient ways. "Higher" is a relative term, and the question of what the baseline should be is quite complicated. They are also quite variable depending on what you can do with the land; if use is extremely restricted it can keep a plot of land down in price, even while it inflated the cost of land overall in the market.