How does redistributing wealth fix a problem based on never ending growth? I don't see how your two statements follow from one another.
In Japan, house prices commonly depreciate. I don't see any evidence their economy is unaffected by that fact.
In Japan, house prices commonly depreciate. I don't see any evidence their economy is unaffected by that fact.
Maybe that's why their homelessness per capita is almost 57 times lower than the States'.
> Homelessness grew noticeably more widespread in Japanese society since the collapse of the Japanese asset price bubble across the 1990s, and the resulting "Lost Decade" of economic stagnation. This has resulted in higher unemployment, a contributing factor towards potential homelessness.[1]
National economies are complicated, and the connection between high (or continually-appreciating) housing prices and homelessness doesn't always run the direction that a naive model assumes it does.
On the other hand, there's a lot of Americans on their nth mortgage, though so any policy aimed at driving housing prices down would have to factor that in.