Land in Tokyo is remarkably inexpensive. The average family can afford a detached single family home in the heart of the city. High demand for land is mostly a product of having too little housing
20 years ago, Japan’s population was basically flat. It has the same population today as it did in 1995, having gone up and then down by only a couple million people in between.
Land prices in the US were also low 20 years ago, before we added another 45 million people to the demand side of the equation.
You can’t just take the average value for a variable and assume it’s representative of all values at all times. If you take two cities, one with 100 people and another with 900, the average population is 500, but that doesn’t mean half of the people live in each city.
Land in Tokyo is remarkably inexpensive. The average family can afford a detached single family home in the heart of the city. High demand for land is mostly a product of having too little housing
Japan has declining population, unlike basically every county in the world.
Tokyo’s population only just now stopped rising. Land prices were low 10 or 20 years ago when the city’s population was steadily growing
20 years ago, Japan’s population was basically flat. It has the same population today as it did in 1995, having gone up and then down by only a couple million people in between.
Land prices in the US were also low 20 years ago, before we added another 45 million people to the demand side of the equation.
Tokyo has grown by 5 million people since 1990
That’s an oversight on my part. I didn’t look at tonight l Tokyo specifically
You can’t just take the average value for a variable and assume it’s representative of all values at all times. If you take two cities, one with 100 people and another with 900, the average population is 500, but that doesn’t mean half of the people live in each city.
Yeah I made an error there. I wasn’t looking specifically at Tokyo population for some reason.