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by seanmcdirmid 1604 days ago
> They’re still growing by a lot. It just moves the date by a few years.

The problem is that their average age moves up, and productivity decreases as people hit or near retirement. Unless China starts opening up to immigration (not impossible), they are going to be Japan without being rich yet.

> I rarely hear about the doom of Europe which has worse demographics.

Europe has immigration. China does not. If China is willing to embrace e.g. the African aspiring immigrants who have come to Guangzhou in recent years, things could change quickly, but I'm not really seeing. Japan did not, and that's why you can get a house for a reasonable price in Tokyo these days.

1 comments

I find exactly one house (a 1BR house ?) under 100 million JPY (866k USD) in the outskirts of Tokyo.

Is there a better website to search for these reasonably priced houses?

[0] https://housingjapan.com/buy/search/#c={%22p[h]%22:%22100000...

This might be outdated given that it is from 2020:

https://resources.realestate.co.jp/news/how-much-does-it-cos...

I only mention it because someone brought it up a few days ago when there was a debate on why real estate prices were so high in the USA.

I live in Japan and this is the site I use to browse for houses: https://www.athome.co.jp/kodate/chuko/tokyo/map/list/?LAT=35...

On the left in price range you can select max 10,000万円 to see houses under 100 million. Zoom out on the map to start seeing some dots.