The real issue isn't the tax policy. The tolerance for depreciation of housing prices is grounded in the fact that housing is not bootleg social security. Both

The real issue isn't the tax policy. The tolerance for depreciation of housing prices is grounded in the fact that housing is not bootleg social security. Both the Japanese state and companies take care of their people, so housing is not seen as an anti-poverty insurance. If you want that kind of model you'll have to create the conditions for it first which means getting rid of the homesteading mentality.