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Tokyo's population has grown while prices for housing have remained constant. For another example of building more housing keeping prices down, look at Houston.

• endisneigh 3y ago
  the assertion is that building more reduces prices, not merely keeps them the same, though. and it's complicated to say that tokyo population has grown while prices for houses remain constant. what has happened to the other areas? how has the median wage changed?
  • crooked-v 3y ago
    > the assertion is that building more reduces prices, not merely keeps them the same, though Building more reduces prices below what they would have been if that building didn't happen.
    • endisneigh 3y ago
      > Building more reduces prices below what they would have been if that building didn't happen. seems like moving the goal posts. it's only expensive to begin with due to the density and subsequent amenities enabled by such. why is for example Manhattan more expensive than Brooklyn? it's more dense, should be cheaper accordingly to the density makes cheaper logic. people keep moving the goal posts, but anyone can go on Redfin and figure this out themselves. look at the median rent, find the median wage, find the median sq footage. calculate the adjusted wage by sq/ft. it's not higher in dense areas.
      • crooked-v 3y ago
        > why is for example Manhattan more expensive than Brooklyn? it's more dense, should be cheaper accordingly to the density makes cheaper logic. It's more expensive because many more people want to live there than want to live in Brooklyn, outstripping the available housing to a greater degree. It's basic supply and demand.