Out of all developed nations, Japan is probably the one least affected by housing pricing in the world seeing as though Japanese housing depreciates rather than appreciates over time. Rent prices in America are a staggering 177.4% more expensive than Japan[1]. Ever increasing house prices, caused by the underlying power imbalance between capital and labour, is the root of all evil in the Anglosphere. It will not stop until wages are restored to pre financial crisis levels and assets and wealth are taxed at a level equal to or higher than work. Until that happens, the wealthy will continue to squeeze everybody else out of a life.
[1]: https://www.numbeo.com/cost-of-living/compare_countries_resu...