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It's true even for cities like Tokyo that are still attracting people despite the population of the country declining.
by davidw 3y ago
It's true even for cities like Tokyo that are still attracting people despite the population of the country declining.
- nonethewiser 3y agoI believe Tokyo requires demolition after a certain amount of time or ownership change right? Not entirely sure, and Ive also seen some info that suggest real estate has appreciated in Tokyo lately. Point being maybe its demographics and regulation, with a cultural attitude that jives with it and even explains the regulation to demolish, but not attitude being operative.
- ghaff 3y agoThings probably get baked into culture and practices even in situations where they aren't really optimal.
- davidw 3y agoWhat we have in the US is far from optimal. In many 'hot' markets during the recent runup in prices, houses were "making" more money in a year than the median household earned. That's a recipe for a whole host of problems.