$500 a month? That's incredible, there must be some kind of catch. Do you have to live in a box? Is it state subsidized? 25 min in traffic?
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Replying to @BitingGadfly @380kmh
https://realestate.japantoday.com/en/rent/view/401965 … This is just 15min from a trainstation which is 13min from Shinjuku. 480$ a month.
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Replying to @ubulunikum @BitingGadfly
Ya it's a studio tho, just one room
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Replying to @380kmh @BitingGadfly
It's still an apartment. Spent 2 weeks in one. More than big enough for 2 people, tbh. You don't need much more if you don't have kids.
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Replying to @ubulunikum @BitingGadfly
I agree! but I was trying to compare closer to the average
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Replying to @380kmh @BitingGadfly
Yep, $480 is super cheap and not common. I just wanted to point out that affordable housing exists in Tokyo where as in London it does not.
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Replying to @ubulunikum @380kmh
Are you sure there aren't any similar aberrations in London? If not, I wonder why such examples exist in Tokyo and not elsewhere.
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Replying to @BitingGadfly @380kmh
Housing speculation and restrictive regulation isn't present in Tokyo, so there's not a housing shortage and the market floor is low.
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Replying to @ubulunikum @380kmh
Why isn't there housing speculation? Is it a matter of bank policy, or is it just a matter of the character of the population?
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Replying to @BitingGadfly @380kmh
Alex tweeted that Minato-ku has had a huge % growth and housing prices have stayed fair. Central Tokyo is taking from it's suburbs.
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& from rural areas (still!)
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