Housing is typically cheaper in Japan because:
1. Depopulation
2. Efficient zoning laws
3. Rapid depreciation of home value over time due to natural risks(earthquake etc) and cultural norms
1. Depopulation
2. Efficient zoning laws
3. Rapid depreciation of home value over time due to natural risks(earthquake etc) and cultural norms
Tokyo has been growing at a much faster rate than NY or LA.