This chapter explores the reasons behind the affordability of housing in Tokyo and Japan, including loose regulations, low expectations of future value, high inheritance taxes, stagnant wages, and limited luxuries in Japanese housing.
Japan's economy has been stagnant for 2 decades, and while some economists look at this as an outlier, it might be something that just happens to all advanced economies, and Japan just got there first. After suffering the "lost generation", can Japan come back and recover growth, or is their fate one we will all eventually reach?
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