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
Bad burn during the 90's. Population is a factor too, but Tokyo has had growth and will stay growing until 2030 or so.
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Replying to @ubulunikum @380kmh
So what you're saying is that one of the biggest reasons housing prices aren't going up is that housing prices aren't going up?
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Replying to @BitingGadfly @380kmh
little reg. has made more units come to market than are demanded. Also houses in Japan drop in value as they age. Land is what holds value.
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Replying to @ubulunikum @380kmh
What kind of price raising regulations exist elsewhere? (I.e. London, New York, San Fransico, etc.)
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Replying to @BitingGadfly @ubulunikum
land use regulations requiring minimum parking spaces, exclusive uses, etc...
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Replying to @380kmh @ubulunikum
Exclusive uses? Like "this plot must be a food selling market" or something?
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yes (not always *that* specific tho)
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