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I agree with some of what you said. Except: It’s hard to profit from a home in Tokyo outside of being a developer. That’s a good thing. But you’re implying you
by nwienert 4y ago
I agree with some of what you said. Except:
It’s hard to profit from a home in Tokyo outside of being a developer. That’s a good thing. But you’re implying you can have your cake (affordable housing) and eat it too (profitable housing). Not true. You can have largely affordable with only a few making profits, but not the majority.
It’s less about lack of regulation on the individual level than for developers, which I think is important to distinguish. Both are good, but being able to build more / rebuild easily are more important than say regulations on types of pools.
- jdasdf 4y ago>It’s hard to profit from a home in Tokyo outside of being a developer. Why do you believe this? There is a functional rental market in Tokyo and I don't believe it is any less profitable than any other investment on a risk adjusted basis. The same applies to the home ownership market in Tokyo. If it were, the market would shrink until risk-adjusted return parity would be achieved.
- nwienert 4y agoLots of evidence. It’s easy to search for profitability of housing and it’s not high there. There’s a massive difference between near market or inflation-level returns and whatever’s been happening in the US.