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Giuliano Giacaglia
@giu
Contrarian opinion: buying a house in some states that are in decline will be one of the worst investments decisions any one can make. Some states in the U.S. are seeing the high end of the population leave the state, plus low natality rate and on top of that the real economy slow down. That’s recipe for a terrible investment
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Andy Jagoe
@andyjagoe
actually, housing prices in Japan have gone down everywhere except Tokyo situation in Japan then and US now more nuanced than macro trends
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Giuliano Giacaglia
@giu
Interesting. Do you know why that is?
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Andy Jagoe
@andyjagoe
an urban renaissance law passed in 2002 that eliminated many building restrictions and unlocked investment in Tokyo these newer better buildings plus network effects of megacity attracted people from all over Japan (and the world) who wanted to live there, driving prices up in Tokyo and down everywhere else
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