Comment by ericmay
11 hours ago
Japan also has less social mobility - it’s a great country but it’s no paradise.
Homes get torn down all the time because they aren’t worth anything - not exactly environmentally friendly.
Even in America today you have plenty of things worth investing in that don’t have to be homes if you can’t stomach the initial investment. Idk what you envision about replacing investment in homes with “research” though certainly curious to learn more about what you envision.
It would be vastly more advantageous to our actual standard of living if housing depreciates, people invested in business that provide something to scoring instead of land, and we could periodically tear down housing and rebuild it for cheap so that people can live in nicer residences