Tokyo, with tens of millions of people, is only slightly more expensive to rent in than Northampton, with under 30,000
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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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wrong! Anything beyond construction cost is land value.
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