DAVES |
08-10-2021 06:55 PM |
Quote:
Originally Posted by manaboutown
(Post 1986952)
Well, it's not over until the Fat Lady sings as the saying goes. In the early 1990s I worked for a Japanese company and heard stories of how wealthy Japanese were chauffeured around Hawaii in limousines, stopping at peoples houses, and offering them exorbitant sums of cash on the spot for their properties. Of course we know how it eventually ended, badly. COLUMN ONE : Japanese Investors Say '''Aloha''' : Their Hawaiian real estate buying boom has gone bust. As they retreat, the shell-shocked state hopes to attract other Asian suitors and U.S. bargain hunters. - Los Angeles Times
The real estate boom is extensive, in part due to mass migration from crime ridden high tax metropolitan areas suffering multiple problems such as poor schools, deteriorating infrastructure, corruption and so on. At present Boise and other Idaho real estate is off the rails. I know, I know, I know, "The Villages is different." and it is. It will grow until the wave of retiring Baby Boomer ebbs. When members of the Baby Bust generation retire things will be different although I will not be around to see it.
|
We tend to think all countries, all people think the same. In the US due to tax policies. People buy real estate. People confuse their home with an investment. So many saying
about it. Some partly true. They are not making more land China is. Venice, huge parts of it are literally under water. Real estate only goes up-except when it doesn't.
Japan is islands. Land is so scarce that you have to win a lottery to be able to buy a burial plot.
Our national debt is for me incomprehensible. Japan's national debt as a percentage of their gross domestic product is higher than ours is. Or at least that was true. Not sure if it still is. Japan is mostly closed to immigration. Like the US their population is aging. Their young WORKING people are not having enough kids to keep the numbers stable.
We tend to think problems are exclusively ours. We seem to need to make all mistakes ourselves without simply seeing what other countries have an are doing and how it has worked.
We tend to demand perfect. Truth it does not exist.
|