You do realize that people can read the articles you link to, right? For example:
> The flood of investment drove the average price for a new condominium in central Tokyo up 60% to a record 129.6 million yen ($865,000) in the first half of this year, according to the Real Estate Economic Institute.
Prices surged. Before the surge, professionals had this dream of owning. So your own article refutes your nonsensical statement that Dems housing can "never" be affordable.
Can you conceive of a cyclical nature to markets that affects pricing? Or is it that now that they went from affordable to less affordable, it means that purchasing will forever be changed now?
Or you assertion of "declining population"? Maybe on the national level, but it's not true of Tokyo!
And what is the difference in cost between renting and owning? Perhaps renting is affordable, but ownership is extremely expensive becuase of irrational speculation or temporary macro factors?
TL;DR your own article refutes your central hypothesis that housing can not be affordable in dense cities.
> Prices surged. Before the surge, professionals had this dream of owning.
You're literally repeating the joke.
A doctor asks a nurse:
- Was the patient sweating prior to death?
- Yes.
- Good, that's a good sign.
> Or you assertion of "declining population"? Maybe on the national level, but it's not true of Tokyo!
Indeed. And that's my point. Tokyo, like a leech, is sucking the life from its surroundings.
> And what is the difference in cost between renting and owning? Perhaps renting is affordable, but ownership is extremely expensive becuase of irrational speculation or temporary macro factors?
No. They are not temporary. The prices will not fall, they have been steadily growing for the last 2 decades.
> The flood of investment drove the average price for a new condominium in central Tokyo up 60% to a record 129.6 million yen ($865,000) in the first half of this year, according to the Real Estate Economic Institute.
Prices surged. Before the surge, professionals had this dream of owning. So your own article refutes your nonsensical statement that Dems housing can "never" be affordable.
Can you conceive of a cyclical nature to markets that affects pricing? Or is it that now that they went from affordable to less affordable, it means that purchasing will forever be changed now?
Or you assertion of "declining population"? Maybe on the national level, but it's not true of Tokyo!
https://www.statista.com/statistics/608585/japan-tokyo-popul...
And what is the difference in cost between renting and owning? Perhaps renting is affordable, but ownership is extremely expensive becuase of irrational speculation or temporary macro factors?
TL;DR your own article refutes your central hypothesis that housing can not be affordable in dense cities.