|
|
|
|
|
by snowfield
826 days ago
|
|
I don't really agree with that. Just like with roads, more lanes means more cars. More flats can also mean more people moving to the cities. I don't think anyone would look at Tokyo and be like, yeah more apartments is the solution. It's been what they have been doing forever, and the population and cost of the apartments just keep going up. |
|
Tokyo is a surprisingly affordable megacity because of housing availability.
(gift article, no ad wall) https://www.nytimes.com/2023/09/11/opinion/editorials/tokyo-...
My understanding that one thing that is unique in Japan is that housing is not an investment vehicle for preserving wealth. Housing is a consumable -- not an investment, and old houses actually lose value (most prefer buying new). Part of it is due to the fact that it's earthquake prone, so houses are ephemeral anyway.