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by asdfqwer234 2342 days ago
"That's why the same size house costs more in a city." This idea is actually debunked in the report; Singapore and Tokyo do not have a similar kind of problem in American cities because there's more construction of housing. In America, there are more restrictions around building and less tenant rights (compared to Germany/Switzerland) which causes American housing to be an asset for both wealthier/older US citizens and foreigners.