4 ms·
I think Japan also went into population decline... so declining demand for a existing supply of housing will rapidly lead to falling prices.
by cashsterling 5y ago
I think Japan also went into population decline... so declining demand for a existing supply of housing will rapidly lead to falling prices.
- dcolkitt 5y agoJapan is in decline as a whole, but Tokyo is still growing robustly (at a faster pace than NYC or London in fact) because of urbanization.
- seanmcdirmid 5y agoTokyo actually isn’t growing that fast in population. They just construct a lot of homes there because the Japanese don’t like to buy second hand ones (so tear down the 30-40 year old house and build a new one).