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by throwaway2037
170 days ago
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> Tokyo is in a literal housing price bubble in a country with a _shrinking_ population.
No, this is wrong. (1) There is no housing price bubble in Tokyo. Yes, some very central "ku's" (Shibuya-ku and Minato-ku) are seeing a rise in home prices, but it is nothing ridiculous. It is no where near a repeat of the late 1980s. You can easily select a neighborhood just ten minutes away and it will have sharply lower prices. Also, Japan effectively has zero NIMBYism due to a national building code. New housing is constantly being built in Tokyo. (2) Yes, overall, the population is shrinking in Japan. However, the population of Tokyo continues to rise. |
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> Also, Japan effectively has zero NIMBYism due to a national building code. New housing is constantly being built in Tokyo.
Yup. It's a great example of why "just build more" leads only to misery.
> Yes, overall, the population is shrinking in Japan. However, the population of Tokyo continues to rise.
Thank you for making my point.