this post was submitted on 29 Dec 2025
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Things don't get cheaper for no reason.
Things don't get cheaper.
Housing got cheaper in Japan. They went from the most expensive housing in the world to the cheapest in the industrialized world
They did it by removing barriers to building housing, and incentivizing building homes. The downside is that rich people can't profit as much off housing, which is a non-starter in many other countries
Housing is also a sort of money pit in Japan because abandoned houses often aren’t considered worth repairing. Old Japanese houses tend to end up with lots of issues, to the point that it is often cheaper to bulldoze and build new. There are plenty of stories of people buying an abandoned house for like $50… But that’s only the initial property cost. It was so cheap because everyone knows that they have to actually invest hundreds of thousands of dollars in bulldozing and rebuilding before the property will be habitable again.
With hundreds of thousands of dollars you can build a giant mansion and still have some change for a good car. Unless you want it to be in the Tokyo central area or something.
The downside is that rich people can't profit as much off housing
Downside ?
Can't call it a downside tbh
Will only get cheaper if there is large scale deflation, and then nobody will be able to afford a house because everyone will be unemployed.
Or very high and progressive multi-property taxes 🫣
Make it less economically attractive to own multiple houses (ban Air B&B, high tax rate on ownership beyond primary residence, ban corporate ownership of certain types of home, etc) and maybe we'll see some shift.
There already is higher tax rates and higher mortgage rates on investment properties. It’s still worth it for small time investors.
Sure. Make 'em even higher. Plus all the other suggestions.
That's why California and Florida have a public fund to let residents in disaster prone areas to rebuild their homes in the same place with little changes. Most homes in those areas are less than 5 years old.
Yeah, where are the insurance skeptics?