@adamcarstens Japanese housing is affordable. Haha. But seriously, wondering what happens after that second hump.
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@adamcarstens who says we're not in 1989? Have you been reading@LHSummers's warnings?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@adamcarstens@VamonosLA maybe they only do that bc that's basically the main/only thing offered.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@adamcarstens in Japan, housing is a consumable good. They have a system where it intentionally depreciates in value.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@adamcarstens also allows them to sustain more architects per capita http://www.wsj.com/articles/japans-creative-ephemeral-homes-1429196510 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@adamcarstens Japan has other confounding variables. Aging population, very little immigration. Structure of businesses.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@adamcarstens was just commenting on their housing market, not all the other factors. US/UK housing mkts are bubble blowing machines.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@adamcarstens I didn't say we were Japan.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@adamcarstens just that our housing system favors ever rising prices and that that may be unsustainable or increasingly tough for the middleThanks. Twitter will use this to make your timeline better. UndoUndo
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