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If you had this in Tokyo, you could
a) buy a detached house for cash in any of a variety of places outside the city center and tolerate a middling commute by train
b) buy a *very* desirable condo anywhere in the city
c) buy a slightly less desirable house almost anywhere
a) buy a detached house for cash in any of a variety of places outside the city center and tolerate a middling commute by train
b) buy a *very* desirable condo anywhere in the city
c) buy a slightly less desirable house almost anywhere
And it wouldn't cost you a $300k down payment, it could very plausibly be $20k or $30k, and you wouldn't need $200k income to support the mortgage, you'd need "materially less" than that depending on what tradeoffs you wanted to make.
Tokyo has one secret weapon here. Ready?
Tokyo has one secret weapon here. Ready?
Build. More. Homes.
