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Real estate bubble won't pop with a shrinking population, because shrinking populations retreat to city centers. Spain, Italy, Japan, and Korea are full of $10,
by missedthecue 1y ago
Real estate bubble won't pop with a shrinking population, because shrinking populations retreat to city centers. Spain, Italy, Japan, and Korea are full of $10,000 houses and all of them are overpriced. Meanwhile, Madrid, Rome, Tokyo, and Seoul are, without hyperbole, more expensive than they've ever been.
- mantas 1y agoJapan or Korea are not shrinking that much, but they’re getting older. Give it a couple decades when last bigger generations start vanishing entirely en masse.
- missedthecue 1y agoJapan is already shrinking a million people per year, and Korea about 100k, but both are accelerating. It won't be long before Korea is also shrinking a million people per year.