Japan builds more housing, and prices don't go up. Bay Area "progressives" must really be scratching their heads at this one.https://www.ft.com/content/023562e2-54a6-11e6-befd-2fc0c26b3c60 …
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2 thoughts Everything is marketed as luxury, fr apartments to toilet paper. But only w/former does anyone take the claim at face value Cost diff to create a “luxury” apartment rather than basic apartment is marginal. High prices fr scarcity rather than construction technique
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Everyone is willing say “why won’t the dev build non luxury housing” but no one ever says “why won’t the landowner sell the dev non luxury land?”
End of conversation
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