Japan does not culturally treat housing and homeownership as a store of wealth the way America has for most of a century and as a result, all of its downstream policies like taxation, subsidies, zoning, etc. don’t enable housing to appreciate disproportionately faster than wages.https://twitter.com/hblodget/status/1133539607264550914 …
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Super interesting and valuable thanks for sharing ev1
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You can probably just watch the massive one in China right now which is driving most global growth...
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