| You underestimate things. Is Tokyo a destination city? Yes. Total urban population? 38 million people. I don't think you realize how attractive a beautiful city really is to the people of our planet. While I'd agree that 38 million people is not 'infinite' -- it's a lot of people. Palo Alto is at 66,000 people right now. Did Tokyo's decision to allow high density housing solve their 'housing is too expensive in Tokyo' problem? NO. Tokyo is one of the most expensive cities on the planet to reside in. Again, adding supply to a Destination City will NOT bring down housing costs. The crybaby lawyer failed to factor in the difference between Palo Alto and Stockton. And it will be a big surprise to her -- Santa Cruz is very pricey. And won't be getting any cheaper. |
http://www.vox.com/2016/8/8/12390048/san-francisco-housing-c...
Why yes, it did. Take a look at the graph in that article. Housing in Tokyo is still expensive, but it didn't get even more expensive the way other cities did, like San Francisco. That may not be perfect, but it is a clear win.