The only major city in the world where housing prices are not soaring is Tokyo

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[–]thefirststoneThat's my purse! I don't know you! 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

They also built like crazy a few decades ago (remember the bridge to nowhere?), and they're used to living in sardine cans, so there's likely no shortage. Unlike the canonical example of fucked up city life, San Francisco, where building is impossible.

But I've also looked at what it would cost. Property taxes and interest (even assuming today's low rates) add up quickly. I really don't think real estate valuations make sense, but then I see a bunch of retail space going empty for years, so what do I know.

[–]cisheteroscumWhite Nationalist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

They also built like crazy a few decades ago (remember the bridge to nowhere?)

I think that was China/NK

[–]thefirststoneThat's my purse! I don't know you! 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

There's one in Kyoto that dead ends into rock. I'm not sure if it's the one I'm thinking of from the '90s, I thought the one I heard of was taller. Almost all search results are from the term's popularization in 2007, used from then for other projects. China likely has more than a few by now.