Home price to income ratio in japan is like double the USA so that certainly doesn't look like an advantage. And that's with them having the huge advantage of d

Home price to income ratio in japan is like double the USA so that certainly doesn't look like an advantage. And that's with them having the huge advantage of declining population. Their population is lower than it was in 1995! US Population increased 25% since then. If they did evade anything, they pretty much have housing on easy-mode by default because of demographics alone. Obviously places like that exist in the US, look at St. Louis. Or some of the rust belt. But nobody is going to think those places figured out something clever.