There are many reasons why Japan is able to build the sort of vertical housing & associated infrastructure (esp mass public transportation) that enables affordable, liveable high-density megacities. But maybe the #1 factor is that homeowners don't have a say in new developmentshttps://twitter.com/fchollet/status/989290688738086912 …
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Very much so. But it will all sort itself out in the next crash (unfortunately, it's not a matter of "if" but "when")
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SF bay area:
area: 18,040 km2
population: 7.8M
density: 425.7/km2
1BR rent: $3.3k
Tokyo bay area:
area: 14,034 km2 (22% less)
population: 37.8M (385% more (4.85x))
density: 2,631/km2
1BR rent: $1k (70% less)
I wonder how they do it. Ah, I guess we'll never know