Tokyo, with tens of millions of people, is only slightly more expensive to rent in than Northampton, with under 30,000
the difference between a Toyota and a house is that you can take the Toyota to wherever you need it
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housing, even mass produced, is utterly place-dependent for its value
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you're thinking of the land. I'm talking about the housing, which is a manufactured item.
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no, I'm talking about the house too, unless it has wheels
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the demand to live near Tokyo is astronomical, it's incredible that they can build enough to get prices as low as they are
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we can build buildings much taller than most of Tokyo is now.
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yeah but nobody likes living in towers if they can avoid it
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also apartment/condo blocks drastically shifts the ratio of owners to occupiers, tends towards monopoly and price collaboration
End of conversation
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right but why aren't houses cheaper when you build hundreds at a time? Basic economies of scale.
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Tokyo does lose out on some economies of scale, true, b/c houses are mostly single family and detatched
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ya like Birmingham lost out on economies of scale to Manchester in 19th century, really sucked for them amirite
End of conversation
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