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Capitalism illustrated
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this post was submitted on 09 Apr 2024
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housing is expensive because some countries see t as an investment. even in some capitalistic countries can have affordable housing (e. g japan in many areas) because how they see housing is completely different than how other capitalistic nations see housing. its why despite having a dogshit working schedule, you could still afford to live in japan even with a shitty job.
yes, regulations and stuff play a roll in why its expensive, but it doesnt adress the root cause in why it happens, and that answer is because people treat it as $$$ and not a natural right.
Housing is considered an investment based off of how the currency is controlled by the government. Japan is an outlier, on big factor is how their population is decreasing. Regulations add over $100k per SFH on average in america, so its a big deal.
population decreasing has nothing to do with it. South Korea, who has a worse population problem, has the polar opposite. its an absolute hell hole to buy a house because of pricing.
if what you said was true, living in south korea would be easy (hint: it actually isnt)
Japans populatin is the same as it was in 1994 and South Koreas population has increased slowly, but still increased. So population is imporatant, but I agree its not the only consideration.