Comments by "thomas grabkowski" (@thomasgrabkowski8283) on "Japan's Unconventional Solution to the Housing Crisis" video.

  1. It was the case in the 1980s and early 1990s in Japan too. Then they had a massive real estate crash in the 1990s where their property prices plummeted by over 60%, and people that bought investment property in the 1980s saw insane losses on it and as a result, Japanese no longer saw it as a good investment since then
    75
  2. Yep, main reason is that Japanese property investors lost so much money in the 1990s from the crash that they no longer saw it as a worthy investment
    4
  3.  @XDF745  US too
    2
  4.  @666Tomato666 In the US, there are some places notably NYC where it’s the case as well
    1
  5.  @666Tomato666 In the US, there are some places notably NYC where it’s the case as well
    1
  6.  @mistress.villaina7591 Well there needs to be a massive real estate crash for it to change. Japanese saw it as an investment too-until the 1990s when their property market experienced a massive crash, causing property investors there to lose hundreds of thousands to millions of dollars per property in a short period of time which fundamentally changed how they viewed it
    1
  7. Yep, and Japan’s current way of doing things is in large part from the aftermath of the 1990s real estate crash they had, in which Japanese property investors lost hundreds of thousands to millions of dollars per property they owned from the crash and after that it’s fundamentally changed the way Japanese viewed property investment
    1