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My understanding was that Japanese housing costs are only good in USD because the yen is devalued. I had the impression that housing is expensive relative to lo
by MobiusHorizons 1y ago
My understanding was that Japanese housing costs are only good in USD because the yen is devalued. I had the impression that housing is expensive relative to local wages. Is that not true?
- andrewmutz 1y agoIt's not true. Here is an apples-to-apples comparison of the price of residential property between the US and Japan in real (inflation adjusted) terms. https://fred.stlouisfed.org/series/QJPR368BIS https://fred.stlouisfed.org/series/QJPR368BIS https://fred.stlouisfed.org/series/QUSR628BIS https://fred.stlouisfed.org/series/QUSR628BIS