4 ms·
> I am not aware of any metropolis/capital where this isn't true, regardless of regime. Tokyo. It is hoovering up all the Japanese youth, but manages to stay a
by jackcosgrove 4y ago
> I am not aware of any metropolis/capital where this isn't true, regardless of regime.
Tokyo. It is hoovering up all the Japanese youth, but manages to stay affordable for other factors.
- Permissive zoning
- Immigration restrictions
- Closed culture
- Declining population
- sebastiangraef 4y agoAlso Bangkok, total renters market. New buildings going up every day. Lots of rents are lower than before covid.
- biztos 4y agoIndeed, as far as I can tell (I’m in Bangkok but I’m not a local) there is a lot of choice and a super wide range of prices. Public transit is constantly being expanded and there is so much stock of modern buildings, I can’t see it changing any time soon. Last week I went to the fish market by Sky Train, first time I’d been out that way, and I was surprised to see a ton of modern condo towers clustered around Erawan. And why not? It’s 30-45 minutes on the train to the center of town.
- herbst 4y agoIt's been a few years but when I have been in Bangkok for a few months I just took my scooter around an area I liked and walked into good looking buildings asking for an apartment and had a monthly contract the same day. Compared to months of planning and looking if you plan to move in an European city.
- aikinai 4y agoCame to say the exact same thing. Most in the English-speaking world have no idea cities like Tokyo exist. It’s still a global capital, still growing (for now), but it’s still very affordable for people of all economic classes. And it’s not for lack of foreign speculation; locals mostly aren’t buying up the $10M+ flats in the new Mori building, but there’s plenty of development to meet demand across the spectrum.