1) In America, the right to own property & the right to do what you want w/ it are separated https://next.ft.com/content/023562e2-54a6-11e6-befd-2fc0c26b3c60 …pic.twitter.com/7KXafpFG3I
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Japan tears down houses and rebuilds every few decades. People don’t like ‘second hand houses’. Not comparable
well maybe Americans, esp in urban labor markets, need to have a different cultural orientation toward housing.
View from very near my teenage home in Minami Azabu. Nothing over 10 stories is over 20 years old.https://twitter.com/Maxtropolitan/status/759596908696313856 …
@wilshipley real estate in Japan completely decoupled fr reality. 90s crash was bc of loans backed by xpnsv wrthlss buildings
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