You're more packed in London dude, and charged more for it: http://www.mirror.co.uk/news/uk-news/london-studio-flat-size-average-6117674 … vs http://japanpropertycentral.com/2014/04/march-rental-data-tokyo-kantei/ … Don't you want more room?
We've been doing the opposite here--restricting building as much as possible--and producing the same results. A mystery!
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Hey now, if I'm gonna take you at your word b/c you live there, the least you could do is take me at my word about the US.
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Let's look at Austin, since you're fond of it--overwhelming bulk of work there is related to government and education, ie, propped up by...
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...the *actually* successful economy of cities like Houston via taxes and redistribution. And for all its growth, Austin pales in comparison
End of conversation
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