Companies make cars, people buy them, everyone knows that a car is a depreciating asset (except for current used car shortages, and certain collectible classics) but people still buy them.
This is because they are very useful.
A house or an apartment is also quite useful without being an asset that appreciates in value. The whole rental market is based on this concept.
I don't see why housing needs to increase in value to incentives people to build it.
And in Japan this is exactly the case, it's not typical for housing to increase in value in Japan.
This is because they are very useful.
A house or an apartment is also quite useful without being an asset that appreciates in value. The whole rental market is based on this concept.
I don't see why housing needs to increase in value to incentives people to build it.
And in Japan this is exactly the case, it's not typical for housing to increase in value in Japan.