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I’m wondering what you mean by “real estate prices are so high in Japan”? Relative to other countries? Or some point in the past in Japan? My assumption is tha
by freetime2 6y ago
I’m wondering what you mean by “real estate prices are so high in Japan”? Relative to other countries? Or some point in the past in Japan?
My assumption is that declining population is leading to surplus housing and declining real-estate prices in most of the country.
And even in the Tokyo area where demand is still strong, homes are still more affordable than in other large cities like New York and London.
- mathattack 6y agoI suspect it’s a historical observation. They used to be crazy high. (I lived in Tokyo over a decade ago. Prices were crazy then, but they’re roughly the same now. Meanwhile SF has gone up at least 3X in that timeframe)
- tonyedgecombe 6y agoThere was a boom but this pre-dated the debt issue we are discussing in this part of the thread.