[farzinadil]

Arguably the housing supply shortage is a better problem to have than a population shortage problem ie Japan. The supply shortage can be amended with construction. The population shortage ... not so easy. There are many problems with a declining, aging, shrinking population. Particularly the distribution in the economy between the retirees that need to be taken care of and the workers in the economy that contribute to the economy. Many western countries would face similar problems if not for immigrations since birth rates are falling.

[doublespanner]

I've heard this taking point often, but from the perspective of a resident in Japan (rather than an investor) is really not leading to observable negatives for the people... Housing and land prices are lowering, wages are increasing, and investment in working environments and labour savings technology is high... Maybe the worst is yet to come, but at the moment it looks like an overall benefit for the majority.