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Why look to China when we can look to Japan? They had the worst housing bubble in world history, now housing is affordable. All thanks to a streamlined national
by namlem 5y ago
Why look to China when we can look to Japan? They had the worst housing bubble in world history, now housing is affordable. All thanks to a streamlined national zoning code that took power out of the hands of local government. There are twelve nuisance levels and you can build anything that falls below the maximum allowed nuisance level for a lot, no community approval process necessary.
- filereaper 5y agoOh yes, I've seen videos about Japan's approachable housing. [1]. I'm sure Korea and other Asian nations have similar approaches. I mainly wanted to highlight a market driven approach that works with the other industries in the US as opposed to a government directed one. Albeit the government provides stimulus of some type to kick start it, like how NASA drove the privatization of Space and now we have lots of launch vehicles via different companies. [1] https://youtu.be/iGbC5j4pG9w https://youtu.be/iGbC5j4pG9w
- flavius29663 5y agoit appears that the US is heading in the other direction, with mandates to force developers build % affordable housing. Just let developers develop. Rich people move up, middle people move up, making the cheap places cheaper for low income residents. It's all backwards
- Ekaros 5y agoI think question really is what to develop. SFH just aren't sustainable. At least if you want sane pricing.
- marvin 5y agoThat sounds like genius. Is the a detailed explanation of this system in English?
- acchow 5y agoJapan's population has also been flat since 1993. It's quite a different situation. Many countries have struggled to maintain sufficient new housing development to keep up with rising population numbers.