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by Danieru
2316 days ago
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FYI, Tokyo has tons of room to put more housing. Just knock over the old un-attractive houses and build something builder. Anyone complaining how no new low market housing has been built is wishing for a short cut. California has strangled their housing supply for so long there is unmet demand at every market level. To somehow expect development to sneak through at the low end is silly. Houses and apartments start new then get older. Older things are less valuable and thus naturally low end housing is best met by old less desired housing. Wishing to see new development first happen at the low end before saturating the high end is like wishing car makers built brand new cars for the used car market. |
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Development is basically not happening at any end, low-, high-, or middle-!
This is also not the fault of Netflix, et al.