this post was submitted on 09 Apr 2024
793 points (96.4% liked)
Memes
45653 readers
1359 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Housing is considered an investment based off of how the currency is controlled by the government. Japan is an outlier, on big factor is how their population is decreasing. Regulations add over $100k per SFH on average in america, so its a big deal.
population decreasing has nothing to do with it. South Korea, who has a worse population problem, has the polar opposite. its an absolute hell hole to buy a house because of pricing.
if what you said was true, living in south korea would be easy (hint: it actually isnt)
Japans populatin is the same as it was in 1994 and South Koreas population has increased slowly, but still increased. So population is imporatant, but I agree its not the only consideration.