I figured there'd be a lot of Googling for counter-arguments and some ridicule. Despite the inherent difficulty in comparing different countries, I do think To

I figured there'd be a lot of Googling for counter-arguments and some ridicule. Despite the inherent difficulty in comparing different countries, I do think Tokyo is an interesting place to study. If you've dug deeper on why Tokyo had a period of flat housing prices, you might have noticed the larger picture. But more simply, you have to look at housing in long-term frames. And lo and behold: Tokyo is changing: https://www.rethinktokyo.com/news/2020/01/07/price-new-housing-tokyo-likely-remain-high/1578362862 https://www.rethinktokyo.com/news/2020/01/07/price-new-housi... One tidbit from that article: "Low-interest rates increase the borrowing capacity of homebuyers, supporting higher property prices." Housing is complex.