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> we don't have this problem in Japan. This backs up that limited supply is a large part of this. Japan's population has been decreasing for 50 years, so ignor
by dehrmann 3y ago
> we don't have this problem in Japan.
This backs up that limited supply is a large part of this. Japan's population has been decreasing for 50 years, so ignoring domestic migration trends, it has enough housing. It's also seen deflation for a long time.
- midoridensha 3y agoYou can't ignore domestic migration trends. Tokyo has been steadily increasing in population (except during the pandemic), as have other major cities. People are leaving the small towns and countryside. In any other place, this would result in hugely increasing prices.