Tokyo has positive population growth of about 100,000 people a year, and rents and home prices are roughly stable for last decade. How? Outconstructing NYC. And LA. And SF. And Boston. And Houston. Combined. Every year.https://twitter.com/rohoGames/status/1199342598919376898 …
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Right!but cars are a good that depreciate over time, immediately. Dark money from Caribbean banks isn’t buying up SUVs and artificially reducing supply the same way shell companies are buying up condos in London, New York, and LA. I wonder why Tokyo isn’t experiencing the same.
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That only works with limited supply - i.e. scarcity. It's scarcity that drives up the price of housing. No investment capital would invest in housing if it was mass produced, like cars, or twinkies.
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