If You're Listening How Japan dodged a global housing crisis
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Apr 9, 2025 Explore how Japan transformed from a housing market crisis to affordable home ownership. Discover the impactful policies from the era of Yasuhiro Nakasone and the unique town planning strategies that shaped their success. Uncover the tension between urban development and community heritage in Tokyo, as rising land prices challenge traditional neighborhoods. Finally, compare Japan's housing dynamics, cultural practices, and tax policies with Australia’s struggles, offering insights into potential solutions for global housing challenges.
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Tokyo's 1980s Housing Crisis
- In the 1980s, Tokyo faced a severe housing crisis, similar to many cities today.
- Young families like the Kanemarus faced immense debt and long commutes due to high property prices.
Tokyo's Housing Affordability
- Tokyo's current housing affordability demonstrates that housing crises are not inevitable.
- The city's transformation offers valuable lessons for other struggling cities worldwide.
Nakasone's Rise to Power
- Yasuhiro Nakasone, an unconventional Japanese Prime Minister, played a key role in reshaping Japan's housing policies.
- Nakasone's background included military service and a reputation for shifting stances on important issues.