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Why Isn't Rent in Tokyo Out of Control? (2016)
- proc0 6y ago> Rising housing prices are not an inevitable consequence of growth and fixed land supply — high and rising housing prices are the result of policy choices to restrict land development. Agreed, now is there going to be any accountability for why this hasn't been the case for decades, or are we never going to analyze why we're here to begin with? IMHO there is a meta-problem here, that year after year the attempts to solve the problem fail but it seems the population at large don't care about how many "attempts" it takes, there is a lack of looking at not just the root cause but at solution attempts which then leads to failure to learn anything about the problem and failure to solve it for decades, because nobody wants to ask why have we failed so much already.
- mytailorisrich 6y agoI think perhaps looking at wages would also provide part of the answer. I think wages have hardly increased in Japan over the last 20 years (maybe Tokyo fared slightly better), whereas the have boomed in San Francisco. Ultimately rents are linked to people's earnings.
- deleted 6y ago[deleted]