[quote=FlyerInHi][quote=bearishgurl]
(Japan is interesting… population in declining. Tokyo prices are increasing but suburban prices are dropping).[/quote]
This is actually not the case. My brother in law lives in Tokyo and refuses to buy a home there due to declining existing property values. What developers do to continue propping values is destroying old inventory and replacing it with new. If you buy a home there, it does not appreciate because your home becomes old stock and everyone wants to get the newest thing. The problem with Japan is there is a very strict immigration policy. This + declining population= bad news. At some point the government has acknowledged that they will need to loosen policy otherwise there will be a lot of old people and no one to take care of them.
