The housing market in Japan is very different: - There's no shortage, rather the opposite, even in urban areas that are still growing in population. - Housing

The housing market in Japan is very different: - There's no shortage, rather the opposite, even in urban areas that are still growing in population. - Housing value typically only depreciates over time. In Switzerland, real-estate mostly belongs directly or indirectly to pension funds. This creates all sorts of wrong incentives.