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If Tokyo's model was so terrific and worked so well, you'd be able to list lots of cities that emulate it. Instead, you can only point to Tokyo. Their apartment
by listenallyall 5y ago
If Tokyo's model was so terrific and worked so well, you'd be able to list lots of cities that emulate it. Instead, you can only point to Tokyo. Their apartments, by the way, are way too tiny for most Western tastes. "A typical three bedroom apartment for a Japanese family would be around 70 sqm (753 sq.ft)." That's smaller than most American 1-bedrooms. Average cost is about 877,000 yen/sq m which is a little bit above $700/sq ft, which isn't exactly cheap, either.
https://www.rethinktokyo.com/blog/zoe-ward-japan-property-central/99-new-apartment-supply-tokyo-2017-was-under-100sqm/tokyo https://www.rethinktokyo.com/blog/zoe-ward-japan-property-ce...
- diordiderot 5y agoThe taste argument is often made, rarely tested. I prefer revealed preference. Let's build some Tokyo style apartments in NYC, SF, price them at market per sqft and and let's find out if they 'suit western tastes'
- listenallyall 5y agoWho is "let's" in your scenario? You want to test the waters, with your capital, go right ahead. Just don't ask for taxpayers' money to test your theory.
- diordiderot 5y agoLet's, means let's remove the code that prevents Americans from building it?
- listenallyall 5y agoWhat code? Minimum apartment size in San Francisco is 220 sq ft (previously was 290), so a 70 sq m "Tokyo-style apartment" is well above the minimum. https://sf.curbed.com/2019/7/12/20691973/san-francisco-average-apartment-size-shrinking-sf-2019 https://sf.curbed.com/2019/7/12/20691973/san-francisco-avera...
- diordiderot 5y agoHeight restriction? Approval process? Community reviews? Environmental impact studies!?
- therealdrag0 5y agoSingapore also builds lots of housing.