UCLA Housing Voice

Encore Episode: Japanese Housing Policy with Jiro Yoshida

May 1, 2024

Professor Jiro Yoshida discusses Japanese housing policy, highlighting Tokyo's high production rates and affordable housing. Topics include real estate depreciation, tax policy impact, unique zoning regulations, challenges in disrupting the housing market, balancing community interests and development goals, tenant protections, housing depreciation rates, and tax policies on housing construction.

01:03:02

Episode guests

Jiro Yoshida

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Episode notes

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Quick takeaways

Japan's high housing production rates compared to California are influenced by unique historical, economic, demographic, and seismic factors shaping Tokyo's housing landscape.

Japan's zoning system, offering flexibility in land use across different zones, contributes to the supply of residential units and helps maintain affordability in the housing market.

Deep dives

Japanese Housing Policy Overview

In Japan, housing policy is characterized by high housing production rates compared to California, with Tokyo building about five times more housing per capita. Factors contributing to this include unique historical, economic, demographic, and seismic influences shaping Tokyo's housing landscape. Japan's housing market also highlights the significance of real estate depreciation and tax policy in shaping housing outcomes.

Introduction

5min

Insights into Tokyo's Unique Housing Market and Architectural Landscape

33min

Challenges and Considerations in the Japanese Housing Market

2min

Balancing Community Interests and Development Goals in Tokyo's Housing Supply

2min

Analysis of Japanese Housing Policies and Tenant Protections

4min

Housing Depreciation and Tax Policies on Housing Construction

16min

Exploring the Influence of Tax Codes on Housing Policies and Ownership

2min

For this episode, we take a trip to Tokyo to learn from the successes and shortcomings of Japanese housing policy. Known for high rates of production — Tokyo builds five times more housing than California, per capita — and relatively affordable housing, Japan also struggles with poor maintenance and rapid degradation of its buildings. Professor Jiro Yoshida of Pennsylvania State University and the University of Tokyo joins us to talk about the unique demographic, economic, and geographic conditions that led to Japan’s current housing context, and the underrecognized influence of depreciation and tax policy in the choices we make about where and how to live.

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UCLA Housing Voice

Encore Episode: Japanese Housing Policy with Jiro Yoshida

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Japanese Housing Policy Overview

Flexibility in Japanese Zoning Regulations

Tenant Protection and Rent Stability

Economic Depreciation and Housing Costs

Remember Everything You Learn from Podcasts