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Tokyo is a notable exception to that list as housing prices have stayed steady even as population grew. It did this by building an enormous number homes over th
by likpok 5y ago
Tokyo is a notable exception to that list as housing prices have stayed steady even as population grew. It did this by building an enormous number homes over the years.
It's true that many cities face the same problem: by making it difficult to add new supply they make existing homes expensive. Even US cities that aren't famous for being expensive have the same problem (if at a lower scale). They lack the flood of new wealthy population but have the same lack of development.