3 ms·

The striking example that comes to mind is Tokyo. Japan liberalized their zoning after their last housing crisis, and median income families in Tokyo can actua

• seanmcdirmid 6y ago
  Housing isn't seen an investment in Japan, homes actually depreciate! The dynamics are way different, so housing is more affordable, but you won't make any money on it.
  • neutronicus 6y ago
    Makes sense for a physical good whose condition deteriorates over time. People making capital gains on houses (whose values are determined mostly by local government and corporate investment relative to the national average) has always struck me as a sign of government being insufficiently aggressive about a) capturing the value it creates with infrastructure investment and b) wringing subsidy from high-paying corporations externalizing the problem of housing their work-forces.
• Tiktaalik 6y ago
  It is worth noting that these affordable cities in Japan are wildly sprawling to an extent that I think would be anathema to environmentalists in NA.
  • haroldp 6y ago
    Compared to American cities? This actively fights the American propensity to always build out instead of up.