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Travel Discussion
Reply to "Tokyo is stupidly cheap"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You mean handkerchief-sized apartments? With no possibility of parking a car? And if you have kids, paying for their private prep schools after regular school to have any chance of being competitive come entrance exam time? There is a reason why the Japanese aren't making babies and why they complain about financial burdens. It's not just about buying cheap bubble tea. Japan also has the highest national debt of any developed nation. - Japanese [/quote] Well to be fair to Tokyo, they do a much better job at constructing housing than the US. That’s why compared to NYC (another city known for small apartments) Tokyo is much cheaper. And public transport much better there too. https://marketurbanismreport.com/blog/tokyos-affordable-housing-strategy-build-build-build [/quote] They do a much better job of constructing housing than the US because Japanese culture insists that 30-year-old houses are unlivable and must be torn down and rebuilt. Most people there refuse to live in "used" housing. It's hugely wasteful, and not an apt comparison to pretty much everywhere else on Earth. https://www.theguardian.com/cities/2017/nov/16/japan-reusable-housing-revolution https://www.yahoo.com/news/rapid-destruction-of-homes-in-japan-124412426.html[/quote] Which has zero to do with building multifamily housing in city centers, but thanks for the obfuscation. Anyway, reducing construction costs through cheaper construction is also a way to increase supply. [/quote]
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