There was an ad on the subway for a 5,000 unit development in a place whose name I didn't know off the top of my head and can't remember. Five. Thousand. Doors. Is that hard? Not really. Solved technology. Every Western city can build that housing development. But Tokyo *does.*
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Well, it's because the Fed props up our market with trillions of dollars on its balance sheet......oh, wait.
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I had read somewhere that homes in Japan were somehow less durable than elsewhere, such that families end up moving/rebuilding every ~35 years; maybe that's more a rural / not big city thing, though; I can't imagine that 5k unit having that short a shelf life.
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That's more the case for standalone homes than large apartment complexes.
End of conversation
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