> Now there is an argument for Tokyo-style tiny apartments (i.e. subdivide existing housing into smaller units) and little houses to lower prices and house the

> Now there is an argument for Tokyo-style tiny apartments (i.e. subdivide existing housing into smaller units) and little houses to lower prices and house the homeless and so on, but these approaches aren't really that profitable in terms of return-on-investment. How do you figure? Japan has one of the most laissez faire real estate markets around. I would assume whatever steady state the housing market assumes is most profitable