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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Historic Conservation ring any bells?
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Oh, I see. I guess Tokyo was firebombed enough that it doesn't have too many pre war buildings. Gotta go to Kyoto for that.
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More to the point, buildings are not expected to last--most buildings get torn down a few decades after being built
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Even buildings designated for preservation tend to be Ships of Theseus after a few years of routine maintenance
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I don't know about that. Certainly true for most post war constructions, but a lot of pre war stuff retains much original material.
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Probably more true for brick/stone/concrete buildings than wood ones though.
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The *vast* majority of historic architecture in Japan is wood-built and thus replaced in its entirety over a few decades
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For the sake of historical fidelity, tho, they are known to use period construction practices while maintaining them
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