4 ms·

Wait what? There's a lot there, tell us more. Why do they rebuild every 30 years?

• phs318u 3y ago
  https://web.archive.org/web/20230917073306/https://www.nytimes.com/2023/09/11/opinion/editorials/tokyo-housing.html https://web.archive.org/web/20230917073306/https://www.nytim... In Japan, the real estate system is designed to ensure affordability of homes. In Australia, the real estate system is designed to encourage and maximise real estate investment as a no-effort wealth multiplier for (literal) rent-seekers. See for example the policy of "negative gearing" where the tax system subsidises those buying investment properties. Those that took advantage are such a powerful block that no politician of any stripe has the gumption to sunset this policy.
  • seanmcdirmid 3y ago
    That’s only true after Japan’s massive property bubble crashed. Before that housing was as unaffordable as it currently is in China.
• seanmcdirmid 3y ago
  https://japanpropertycentral.com/2014/02/understanding-the-lifespan-of-a-japanese-home-or-apartment/#:~:text=According%20to%20the%20Ministry%20of,it%20is%20around%2037%20years https://japanpropertycentral.com/2014/02/understanding-the-l....
• seanmcdirmid 3y ago
  See the link I posted. The average age for a house before rebuild is 27 years old.