3 ms·
Japan/Tokyo is not a good example, or not equivalent, as they have a shrinking population. At least in Australia, we haven't really had a housing crisis like t
by Incipient 3y ago
Japan/Tokyo is not a good example, or not equivalent, as they have a shrinking population.
At least in Australia, we haven't really had a housing crisis like this for a while. For whatever reason demand for housing spiked at the same time as the cost of materials and labour did, hence building is now incredibly expensive.
- OccamsMirror 3y agoIt's hard not to blame rampant immigration since COVID for Australia's housing woes.
- TulliusCicero 3y ago> Japan/Tokyo is not a good example, or not equivalent, as they have a shrinking population. It's a good example because Tokyo was still growing for a very long time and yet fairly had reasonable rents despite an enormous metro area population that's significantly larger than any Western city.