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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There are other factors. Low immigration. Shrinking population. A culture that sees old houses as dangers to be replaced.
Tokyo does not have a shrinking population.
Land/housing economics is influenced by many complex factors. Japan's economy is still deflating from go-go 80s:big difference
liberal housing policy is zoning restrictions and affordable housing taxes on high density development increasing inequality
@bruteforceblog interesting that even Minato kept prices fairly low. Could be metro area expansion relieved central pressure.
unfortunately not much of an option for places like SF or NYC without regional coordination.
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