Comment by 59percentmore
5 hours ago
IIUC Japanese budgets are different. They spend comparatively less on housing and transportation than Americans. The Anglosphere in general has somehow developed a rather toxic status quo when it comes to that first basic need, with everything else only being slightly cheaper.
I would rather pay 15% more on goods and 30% less on rent.
> I would rather pay 15% more on goods and 30% less on rent.
Exactly. Housing and the housing market in Japan is an interesting beast. Based on my limited understanding as someone who has sort-of briefly looked at buying a home in Japan, houses are not really financial investments. For example, compare house prices in Japan (including the land) with a house in Australia.