[lhl]

Agreed, this article is basing it's numbers off of this (linked) study: https://s3-eu-west-1.amazonaws.com/airdrive-images/wp-conten...

If you view page 6 and 7, you'll see why these numbers are largely irrelevant since the boundaries for all the "cities" except NYC (which is the 5 boroughs) include the large swathes of suburbs/exurbs around the city.

A study looking at 23-wards vs Inner London vs City of Paris would be a lot more informative.

BTW, the writer of the article seems to simply be using these numbers to push his view that real estate prices will continue to go up in Tokyo. Housing Japan, a Japanese real estate agency that caters to foreign investors shows pricing for apartments in the 23 wards have been on a pretty crazy upwards trajectory [1], but 1) this is denominated in JPY pricing, and the exchange rate has tanked by 35% vs USD this past year, and of course, I'd be much more interested in seeing that post revisited in 2023...

[1] https://housingjapan.com/blog/tokyo-residential-real-estate-...

[throwaway2037]

New York "metro" is always tricky. All of New Jersey, southern Connecticut, Staten Island, the Bronx, outer Brooklyn, outer Queens: Who the hell cares. Yes, I will be down-voted for this comment! My point: Defining inner city NYC that is wealthy requires some care and consideration. All the interesting "real estate action" happens in a very small radius from midtown Manhattan.

[nostrebored]

JPY is poised for an astronomical fall. The government cannot both keep servicing debt and buoying the currency . Those houses will appreciate in value JPY denominated and crater in terms of USD.

[CapricornNoble]

So....living in Japan with a USD income we should actually wait longer to pull the trigger on buying real estate? I was already sizing up properties across the country, putting together a plan for my family to buy properties for rental income because they are already cheap...