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> Also, if GP wants to make a point that housing prices can be stable somewhere, they probably shouldn’t pick a spot in a nation with a legendarily stagnant eco
by arcticbull 3y ago
> Also, if GP wants to make a point that housing prices can be stable somewhere, they probably shouldn’t pick a spot in a nation with a legendarily stagnant economy. 23Q3 even showed a contraction.
I disagree. The argument that I was pushing back on is that it's somehow impossible to balance supply and demand in a major city in such a way that housing prices are stable. This is false by counterexample.
- Scramblejams 3y agoBy picking somewhere in Japan you’ve left yourself open to the counter-argument that you have to kill economic growth to do it. If you want to prove your point without implying the necessity of unacceptable sacrifices — in other words, if you want somebody to be persuaded — cite some high density locations where economic growth was strong but housing prices were stable.