If you don’t allow enough X to be produced then it isn’t the market which excludes people from having X; the market/prices just deliver the bad news to the marginal people you decided didn’t really need an X available.
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“It’s a pity you have no subsidized housing.” “We do. Build homes.” “And I envy your lack of regulation.” “Got regulations. Build homes.” “You have to understand, Republicans.” “I don’t, but, build homes.” “I suppose there must be some inscrutable cultural thing.” “Build homes.”
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Out of curiosity: been reading that total population of Japan is shrinking. Is this also the case in the Tokyo area?
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Tokyo population continues to grow as young Japanese folks come here to live/work after university; the population shrinkage is most keenly felt in regions as they don't sustain replacement rate.
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Mind you, Tokyo already has one of the highest costs of living in the world. Your average programmer lives in a 40 sq meter apartment.
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Tokyo rents average 30% of Bay Area rents and and haven't changed in about 30 years. You can find 40 square meters for $800/month or so depending on age and proximity to station, a bit less just outside of Tokyo. I spend half what my tenants do in Seattle for similar space.
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To be fair, Japan is in a massive population drop. They have an excess of empty homes.
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Tokyo's population is increasing by 100,000 people per year. Build homes.
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somehow this is relevant: http://japaneseruleof7.com/poverty-in-japan/ …
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That was beautifully written and fascinating
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@crzwdjk don’t broadly disagree but it prob helps to have flat population growth and usable commuter trains? -
Tokyo is, and has been growing at levels that make most modern American "booms" look pathetic. And part of the reason why they have all that great rail is they allow enough housing density to pay for it!
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