Japan values it's homogeneous nature and culture - it's why immigration levels are kept so low.
I mentioned it in a recent note - this has downward pressure on housing as birth rates are also very low. You reach a point where house values move to their utility value, especially in the countryside.
BoltC
npub1n3…ef6um
2023-11-05 01:26:45
in reply to nevent1q…frdk
Author Public Key
npub1n3w4uts2r4srq3adqu9trp953dflcnw7ppn72tad4htkpsckwcmqjef6umPublished at
2023-11-05 01:26:45Event JSON
{
"id": "f2265a8fe9d1dc788168c3165d77721e75d110e5bfdc16558fbbd8e5d8a7cbaa",
"pubkey": "9c5d5e2e0a1d603047ad070ab184b48b53fc4dde0867e52fadadd760c3167636",
"created_at": 1699147605,
"kind": 1,
"tags": [
[
"e",
"4fa046de077c0bea477508ec4d786c963edaa531c53d2f47d781a46c1bee8268",
"",
"reply"
],
[
"p",
"6c1e6166f1d631a60e9ce708bb2570cf0fa4f6d31c0e110df5585ed1b2fa34ef"
]
],
"content": "Japan values it's homogeneous nature and culture - it's why immigration levels are kept so low. \n\nI mentioned it in a recent note - this has downward pressure on housing as birth rates are also very low. You reach a point where house values move to their utility value, especially in the countryside. ",
"sig": "6c91ad3a9a35c69be2850de8879061ab396f3a3bbd11f70141c87f95b399a3d55fbff1275e0e919d131f7fe369fd18a1fdc384d12ce97b817580fde3614f2bbd"
}