>>1989165>Most housing in Japan depreciates in value over time.This is because Japan builds a lot of housing, and we do not. As a US example, Austin has seen rent growth recede sharply after it exploded in 2019-2020 (they aren't building enough, but are building a lot), compared to every other major US city. Houston's has stayed relatively low, mainly riding the massive wave of pre-2008 collapse construction. Picrel.
Housing is a need. It is an inelastic commodity. People NEED a house, will generally only have one house, and can't survive long without one. If you build a lot of housing relative to your population, you have a high supply and low housing costs and rents. This is what happens in Tokyo. If you don't build, or like London/SF don't build while also increasing jobs and population (the demand part of the housing market), demand outstrips supply and drives the price up. This is also why the remainder of your post is inane bullshit.
>>1989176NTA but fuck off
