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What are you talking about? The policy has kept housing prices low, exactly as it was meant to. If the cost of having housing as affordable as Japan's is having
by lmm 3y ago
What are you talking about? The policy has kept housing prices low, exactly as it was meant to. If the cost of having housing as affordable as Japan's is having a few empty houses lying rotting in the countryside, it's one I'll pay gladly.
- shiroiushi 3y agoTaxing land value isn't the reason housing is cheap in Japan. This doesn't mean it's a bad idea, but the main reason prices are currently low is because 1) there's no economic bubble going on like there was in the 1980s, and 2) zoning policy here allows new construction of housing units on a huge scale to meet market demand, unlike other countries where zoning policy makes it very difficult to build new housing.