why isn't Tokyo *cheaper* than Northampton?
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Replying to @380kmh
yeah. You'd think there'd be economies of scale in producing housing at such high volume.
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Replying to @MeadBadger @380kmh
just like a Toyota is cheaper than a low-production English or Italian car
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Replying to @MeadBadger
the difference between a Toyota and a house is that you can take the Toyota to wherever you need it
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Replying to @380kmh @MeadBadger
housing, even mass produced, is utterly place-dependent for its value
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Replying to @380kmh
you're thinking of the land. I'm talking about the housing, which is a manufactured item.
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Replying to @MeadBadger
no, I'm talking about the house too, unless it has wheels
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Replying to @380kmh @MeadBadger
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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Replying to @380kmh
we can build buildings much taller than most of Tokyo is now.
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Replying to @MeadBadger
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
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