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I don't have great citations on this, but my understanding is that Tokyo has done a good job at this mostly by aggressively continuing to build housing. The hou
by macrael 6y ago
I don't have great citations on this, but my understanding is that Tokyo has done a good job at this mostly by aggressively continuing to build housing. The housing prices there have remained much more stable than those in SF for example.
- jeffbee 6y agoTokyo has grown by about as much as SF in last 20 years so it is a good example. Another good point of comparison is Vienna, Austria, which is larger than SF and growing faster.
- 0max 6y agoThey also don't speculate on real estate and tie wealth to it like we in the west do. My understanding is that housing is considered a sunken asset similar to a car when you account for the frequency of seismic activity and changing building standards to account for it.
- fomine3 6y agoGenerally true in Japan but "Tower mansion" (high apartment) on Tokyo/Osaka is exceptional. It's considered as wealth.