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We must live in a different world. I’ve been reading articles for years about Tokyo house prices being a huge problem, and that young people are depressed and c
by solumunus 3y ago
We must live in a different world. I’ve been reading articles for years about Tokyo house prices being a huge problem, and that young people are depressed and checking out because they see no way to climb the ladder in Tokyo. A quick Google search confirms I’m remembering correctly. Tokyo has the same real estate issues as any major western city.
- seanmcdirmid 3y agoAh, the problem with that is that you can’t earn enough money, the housing prices are sane but the salaries for workers is not. But there aren’t really the same codes as the west, so you can rent something for $2-300/month. Kids can get by on low salaries they way, but buying is out of reach even. If the prices are affordable by our standards. You can pull up either narrative in Google by searching specifically for it. Tokyo is cheap, Tokyo is expensive, etc… eg Tokyo housing is cheap: https://medium.com/land-buildings-identity-and-values/what-is-the-secret-to-tokyos-affordable-housing-266283531012 https://medium.com/land-buildings-identity-and-values/what-i... And Tokyo housing is expensive: https://www.reuters.com/markets/asia/surging-tokyo-property-prices-squeeze-out-young-professionals-2023-10-04/ https://www.reuters.com/markets/asia/surging-tokyo-property-... They are both true with nuance.
- charlie0 3y agoBy definition, if housing prices are unaffordable, then they aren't sane prices.