3 ms·

I wonder how the housing market will cope when we start seeing falling demographics around the world.

• jmoak3 3y ago
  You don't need to wonder. Look to Japan for the broad strokes: property in cities will still have value while rural areas fall into decay. In more words: young people will crowd into cities in order to meet other young people and find work, while aged areas descend into irrelevance and whatever this is: [1] Due to this, Greater Tokyo now contains 1/3rd the population of Japan[2]. While you can find a number of articles claiming it's cheap compared to metros in other countries, or horrifically expensive[3][4], whichever it may be it is certainly better than what's in [1]. [1] https://unusualplaces.org/nagoro-a-creepy-japanese-village-where-dolls-replace-the-departed/ https://unusualplaces.org/nagoro-a-creepy-japanese-village-w... [2] https://en.wikipedia.org/wiki/Greater_Tokyo_Area https://en.wikipedia.org/wiki/Greater_Tokyo_Area [3] 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-... [4] https://www.businessinsider.com/america-build-like-tokyo-housing-crisis-doom-loop-2023-10 https://www.businessinsider.com/america-build-like-tokyo-hou...