4 ms·
In virtually the whole of Canada and the United States, dense, walkable neighborhoods are illegal. Even if you get rid of one type of zoning, other types remain
by graeme 4y ago
In virtually the whole of Canada and the United States, dense, walkable neighborhoods are illegal. Even if you get rid of one type of zoning, other types remain. For example, one of the Texas cities has no zoning laws, but it does have mandatory parking minimums, mandatory street setbacks, etc. Basically the city must be car oriented and low density, even if you can add commercial stuff in residential zones.
Japan is the one place in the world that freely allows density, and Tokyo has not seen rising prices. Note that though Japan's population is shrinking, Tokyo's is rising. Unlike North America, new housing production has kept up with population growth.
https://www.wsj.com/articles/what-housing-crisis-in-japan-home-prices-stay-flat-11554210002 https://www.wsj.com/articles/what-housing-crisis-in-japan-ho...
- fnordpiglet 4y agoSquare what you just said with the data: https://resources.realestate.co.jp/buy/how-much-does-an-apartment-cost-in-tokyo-november-2021-update/ https://resources.realestate.co.jp/buy/how-much-does-an-apar... Utopia!
- deleted 4y ago[deleted]
- graeme 4y agoA longer time chart is more instructive: https://si.wsj.net/public/resources/images/OG-CM820_JHOUSI_4U_20190402051611.png https://si.wsj.net/public/resources/images/OG-CM820_JHOUSI_4... Thanks for pointing out that prices are rising, I may have misspoke. But the key point is that relative to other major cities Tokyo's prices are not rising anywhere near as fast. The chart from 2000 to 2019 was basically flat, and even from the lowest point maybe a ~15% rise I expect even the current rise is dwarfed by rises in comparable cities