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They 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
by 0max 6y ago
They 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.