Inflation = asset price increases = house price increases. All assets have gone up, new cars, used cars, new houses, old houses, stocks, risk assets literally everything.
It is mostly a result of fed reserve policy not any of the programs they list. Fundamentally none of those programs have any impact on $5m brownstones in Brooklyn NY, or $100m penthouses ok 57th street in Manhattan.
Japan as a comparison is not really fair, it’s population has been declining for a decade and well under 1% for the last 40 years.
They also have amazing mass transit making living outside of Tokyo much more palatable.
Additionally, the apartments they do build are smaller (750sq ft vs 866 sq ft)
But none of that matters that much because shockingly prices in Tokyo do actually increase.
It is mostly a result of fed reserve policy not any of the programs they list. Fundamentally none of those programs have any impact on $5m brownstones in Brooklyn NY, or $100m penthouses ok 57th street in Manhattan.
Japan as a comparison is not really fair, it’s population has been declining for a decade and well under 1% for the last 40 years.
They also have amazing mass transit making living outside of Tokyo much more palatable.
Additionally, the apartments they do build are smaller (750sq ft vs 866 sq ft)
But none of that matters that much because shockingly prices in Tokyo do actually increase.