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this post was submitted on 04 Oct 2023
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Anytime you have people living in dense, highly populated areas it will make nearby land a premium. High demand for land (and the resulting high prices) will result in high rent and high cost of living.
I'm not really sure how to fix this. You could have some government managed system for what businesses get the high demand land, but that will result in less popular stores being in the best locations and greatly incentivize corruption as businesses want highly profitable locations that can only be granted by politicians.
Japan has declining population, unlike basically every county in the world.
20 years ago, Japan's population was basically flat. It has the same population today as it did in 1995, having gone up and then down by only a couple million people in between.
Land prices in the US were also low 20 years ago, before we added another 45 million people to the demand side of the equation.
That's an oversight on my part. I didn't look at tonight l Tokyo specifically
You can't just take the average value for a variable and assume it's representative of all values at all times. If you take two cities, one with 100 people and another with 900, the average population is 500, but that doesn't mean half of the people live in each city.
Yeah I made an error there. I wasn't looking specifically at Tokyo population for some reason.