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Japan has the lowest rates in the developed world and a very generous central bank but no housing appreciation. No one expects housing to appreciate (except in
by aikinai 4y ago
Japan has the lowest rates in the developed world and a very generous central bank but no housing appreciation.
No one expects housing to appreciate (except in limited, specific situations) and then no one votes or sets policy specifically to prop up prices. There’s a dynamic market with plenty of development and supply in the right types of housing and price points and everyone’s happy pretty much.
- primeblue 4y ago
- nemo44x 4y agoJapanese homes are mainly prefabricated and are nothing like the type of construction you see in most other places. So of course a home doesn't appreciate because they are the same as a trailer. They only last 20-30 years. The land does appreciate in Japan though. And if they built good homes, they would too. But they choose not to.
- cudgy 4y agoIs this also true of better constructed housing say in high rises which would likely be built to last longer due to the heights of the building requiring concrete and steel?