Comment by missedthecue
1 day ago
Real estate bubble won't pop with a shrinking population, because shrinking populations retreat to city centers. Spain, Italy, Japan, and Korea are full of $10,000 houses and all of them are overpriced. Meanwhile, Madrid, Rome, Tokyo, and Seoul are, without hyperbole, more expensive than they've ever been.
Japan or Korea are not shrinking that much, but they’re getting older. Give it a couple decades when last bigger generations start vanishing entirely en masse.
Japan is already shrinking a million people per year, and Korea about 100k, but both are accelerating. It won't be long before Korea is also shrinking a million people per year.