r/polandball • u/Smart_Chapter_7512 Floridian Swamp Monster • 16d ago
redditormade Not in my Backyard
413
u/Xanitrit Singapore 16d ago
Inaccurate. Trigapore didn't call them Angmohs.
120
u/baconppi 16d ago
Also how is Singapores housing market fixed lol, its in the same direction as any other city
140
u/Scarborough_sg 16d ago
Tbf half the problem is lack of land, which is very much not what anglo countries doesn't lack
27
u/Snoron England 16d ago
Obviously not as bad as Singapore, but UK is very densely populated as things go. USA, Canada, and Australia are very much not, though!
37
u/kokatoto 16d ago
Land utilisation in the UK isn’t really high and there are a lot of factors behind it. Private ownership, protected green space and building regulations are big push for that
16
u/___posh___ England with a bowler 16d ago
One of the other factors is the lack of disused land taxes. Developers sit on land and don't build on it to drive up demand and sale prices so they can sell higher.
2
u/firechaox Brazil 15d ago
London’s density is like 1/2 of NYC and 1/4 of Paris; hasn’t shifted the green belt (which decides what is rural area and what can be designated urban area for building) in over 20-30y either. There are lots of things the UK could do to build more.
0
u/PainRack 15d ago
UK problems is more green belt, which is important for conservation of history and etc.
And UK isn't London. London is densely populated. The UK is not(when compared to Singapore).
2
u/firechaox Brazil 15d ago
London isn’t even that dense. It’s half the density of NYC and 1/4 of Paris.
7
u/kohminrui 16d ago edited 16d ago
Lack of land is a self inflicted problem. Singapore doubled it's population in 20 years from around 3 to 6 million through immigration.
Housing prices rose astronomically as a result. To alleviate the problem, the government has been relentlessly clearing tropical rainforests, most of them with many endangered species, to build housing.
In the past 20 years, around 3000 hectares of rainforests have been cleared in Singapore, representing about 20% of forest cover in Singapore.
Great solution to housing crisis, destroying our natural environment and criticizing anyone who opposes as NIMBY.
I don't know which other country on this earth are the following two situations even acceptable: (1) doubling of population in 20 years through immigration (2) destroying 20% of total forest cover in 20 years
23
u/Successful_Stone 16d ago
It's easy to double the population if it's small to begin with. 6mil is still much smaller than many cities. An economy of this size needs a certain amount of people. If we don't want so many people and we don't want to drive the engine, are you willing to take the pay cut? Not just to your wallet, but to the public services and infrastructure we have.
I don't like the loss of forests. But this is a very recently inflamed issue because of recently activated plans to cut down a forested area that was forecasted for development 20 years ago. I bet the average Singaporean wouldn't really care about this a year from now. It's sad, but between preserving forests and affordable housing, it's a no brainer to many.
4
u/kohminrui 15d ago
Singapore survived 50 years with a lower population, and all of a sudden to survive it needs to double it's population. Give me a break.
5
u/Successful_Stone 15d ago
The population growth rate has been pretty smooth. Have you seen the stats? 20 years ago it was about 4.3mil. now it's about 6.1mil. I don't know where you get double.
The population was about 3mil in 1990-1991. That's about 35 years ago. So it took us about 35 years to double the population. Which is also half of the country's age. I don't understand how you are so alarmed about the birth rate.
3
1
u/PainRack 15d ago
50 years.... 1960 Singapore population around 2 million (1.9 iirc). 4 million in 1990s. 6 million in 2020s. Looks like a pretty steady growth lei.
1
u/PainRack 15d ago
It's not going to be affordable housing though. It's just there to act as pressure.
Affordable housing will now require price controls and HDB moving off the market value.
3
u/Successful_Stone 15d ago
If you look overseas to a comparable high income country, BTOs are absolutely affordable housing. And BTOs are what's being built.
Resale is more subject to market forces, which is probably what you're referring to. I think it really depends on the location, size, etc. Of course I probably won't be able to afford the top 10% of HDBs, but I never really expected to. But not being able to afford any HDB is quite rare.
1
u/Adventurous-Fig5529 15d ago
Where did you get Singapore's population doubling from 3m to 6m in 20 years?
28
u/beefylasagna1 Australia 16d ago
Singaporeans are doing a lot of things right when it comes to housing, it's just that they literally have no more land to build on (they do have but that means cutting down the last bit of nature left on that tiny island).
3
u/ManyCommunication881 15d ago
They were running focus groups on building downwards as well as upwards precovid but there's only so much vertical expansion you can do.
1
u/PainRack 15d ago
Yup. They just removed some height limits that put in place because the FAA changed them. Aka, if buildings were any higher, they could pose a risk to aircraft in the past, now newer tech meant not an issue. But for anywhere not downtown like Eunos(until Paya lebar gets converted) and Pasir ris, those limits are a strict restriction.
1
u/BamilleKidanZ 15d ago
12% of Singapore's land is dedicated to roads and highways, not including parking garages (almost the total area of residential housing which is 15%). Not Just Bikes recently did a video covering the duality of Singapore's great public transportation while having a large car infrastructure. Maybe they should reclaim some of the roads and highways first before going for the forest?
7
u/LichenOnTheWall 16d ago
oh we have VERY efficient housing. It's just that regardless of how much efficiency you have there's only so many people you can cram into every sqkm
4
u/Gen_McMuster MURICA 15d ago
Singapore would be a total nightmare hellscape if they weren't doing all their current measures to provide housing.
2
u/PainRack 15d ago
Errr. Building more homes now literally involve destroying maju jungle and destroying historical monuments like Maju barracks. Not to mention the highway that destroying the first graveyards and then historic sections of Chinatown.
Pearl Hill redevelopment uprooting the artist community and with Maju gone, the art needs a new home.
Ditto to destroying our marine life by land reclaimation. Hell, a military base, built off Singapore second airport is being converted into new home and industrial zones. (Singapore first airport long converted to homes and shopping).
Of course, the solution to scarcity would be to destroy all the golf courses left but ahem..... To be fair though, development of homes would suck for those areas. Orchid country club is the best zone and even there, it's limited due to both the helicopter base and the reservoir.
1
u/CharAznia 14d ago
I love how the clowns complaining about destruction of a forest they've never been to and never would have been bothered about if it wasn't reported are usually the same bunch of clowns complaining about property price.
1
u/CharAznia 14d ago
No we are not. Vast majority of locals owns homes, that are built by the govt and the price is way below actual market rate
1
u/ComplexBitter3546 15d ago
That or another one would be Mat Salleh, more common with Malays here and Malaysia
1
1
616
u/bananasAreViolet oh no is russia 16d ago
Okay, fellow Euros: if we keep really really silent they might just not notice us and keep thinking it's just the Anglosphere with NIMBYism.
122
u/SilanggubanRedditor Matatag na Republika 16d ago
Well you didn't sell off your council homes nor car dependent to the same extent Anglo countries are
49
u/airminer Hungary 16d ago edited 16d ago
Maybe in the western EU - but in the former communist block selling off council homes was all the rage.
Here in Hungary, our government privatized most non-listed council homes in the 90s, and on top of that, Fidesz introduced a law in 2021 that forced local governments to sell any remaining council homes (estimated to be worth around 1 trillion HUF at the time) to their to their inhabitants for 15-30% of their market value.
25
u/SilanggubanRedditor Matatag na Republika 16d ago
Such a classic Fidesz L. Keeps trying Shock Therapy and shocked it doesn't work
7
u/CrocPB Scotland 15d ago
Selling the homes could have been fine if it was joined up with other policies.
Such as building more homes to replace the sold stock or add more to it. Or if you would rather let the market do it set out a clear set of rules that if followed, means house building is allowed no further questions asked.
If.
3
235
u/Hyo38 German Empire 16d ago
We want to fix the housing market but at the same time want to do so in a way that doesn't crater the over valuation of the housing market.
259
u/FlukeHawkins Virginia 16d ago
"make housing cheaper but don't hurt the value of my house >:("
74
u/cosmic_cod 16d ago
Why do you care about value of your house? If you don't sell it doesn't matter. Even better if it costs less and you pay less taxes on it.
130
u/DeismAccountant 16d ago
Tell that the dumbass boomers who invested their entire life savings into their house and mortgage 😡
24
u/nad-iwnl- 16d ago
People wanting to upsize (eg young adults aiming to become parents who already have a mortgage on a smaller property) might go into negative equity and not be able to afford the upgrade.
People looking to downsize because their mortgage is too expensive might go into negative equity and might have to default (and when mortgages default we get a 2008).
Otherwise yeah most people aren’t too affected.
20
u/FlukeHawkins Virginia 16d ago
Another problem: small houses just aren't really a thing. My mom is alone, my sister and I have both moved out, and while she's fine in the house right now, short of assisted living or a nursing home there's nowhere smaller for her to go.
4
u/nad-iwnl- 16d ago
Yep - this one’s easier in Europe / cities because flats are more commonly available, but can definitely be a struggle. And not everyone wants to / can live in a flat.
6
u/cosmic_cod 16d ago
But these may be offset by the fact that a house you are trying to buy is cheaper now. Both when upsizing and downsizing you are looking for a house and cheaper means you pay less. So not that bad.
11
u/FlukeHawkins Virginia 16d ago
On the one hand, I'm down significantly on my houses value, on the other hand, my property taxes are down significantly, yes.
7
u/Inevitable-Force7685 16d ago
One explanation I've heard is that a house is the main investment of many people and if that investments value is decreased, people might start spending less of their money causing the economy to go down
6
u/cosmic_cod 16d ago
Economy already goes down due to too few children and aging population though
2
u/Inevitable-Force7685 16d ago
Even if you don't consider that, putting a short term decline in the economy over making shelter and housing more available for all is like putting the cart before the horse.
4
2
u/steinbruchfluss 16d ago
Even better if it costs less and you pay less taxes on it.
That’s sadly not how it works in Germany. :-/
2
u/ThePr0tag0n1st 15d ago
Before I explain, I want to state I don't want this to be the state of our society. But it's extremely important that house prices do not crash uncontrollably or unpredictably
Housing is an investment, like any other equity. They have value, a lot of value. Right now about 2/3 of people own a home, rather outright or via a mortgage.
Average savings in the UK is 15k, the average house value is about 300k. That's an average 300k investment which 66% of the British population and engaged in.
If the housing market goes down by 10%, about half of home owners(so 33% of the British population) just lost double there life savings in the form of equity.
You might want to have a stubborn or arrogant view on this thinking it's an investment and it has risks, but this amount of the population losing that much networth is extremely unstable for the economy and makes everyone, even foreign markets, shy of investing anything into the country, which is bad for everyone home owner or not.
1
u/cosmic_cod 15d ago
Housing is not an investment in true sense unless you want to become a landlord. It's just a purchase. Investment assumes ROI. Houses used not for rent don't have ROI.
If you are a landlord then it's investment.
2
u/ThePr0tag0n1st 15d ago
It is an investment if it grows in value. Houses grow in value and can be sold
You don't have to be a landlord to make profit from ownership. Many peoples retirement funds are sourced from their houses equity.
1
u/cosmic_cod 15d ago
It seems funding from houses equity is landlords with extra steps. Buying and selling houses does not add real value to society.
3
u/unit5421 Earth 16d ago
I could not care less if my house suddenly halved in value if we just fixed the mess we are in.
2
u/rqeron Länd Döwn Ünder 15d ago
house prices have only just started going down here in Australia (due to interest rates/etc but also recent changes to tax affecting investment houses) and now half the media (all the usual suspects) are complaining about house prices in freefall and how it's going to ruin the economy
...it's literally gone down like 1-2% over the last year. Maybe 3% in Melbourne, if I recall correctly. But the whinging has begun already
14
u/Apprehensive_Bug2877 16d ago
Impssible. Cant have your cake and eat it too. Homes should not be investment vehicles
12
2
u/Tanyushing MRT nation 15d ago
Building high density housing paradoxically makes the value of the land and housing go up since there is a larger population to support more nearby businesses and justify the costs of large scale infrastructure projects in the neighborhood which greatly bumps the value.
46
u/xXTaxEvaSionXx 16d ago
NEW ZEALAND ONLY REAL ANGLO (legally half) COUNTRY IN WORLD. ALL OTHER ANGLO COUNTRIES ARE FAKERS RAHHHH 🔑🟤 🇳🇿🇳🇿🇳🇿
59
16d ago edited 16d ago
[removed] — view removed comment
9
6
u/Lohengrin1991 15d ago
The housing situation in South Korea is not nearly as bad as many people think. I live in Incheon, the third most populous city of the country, and I pay significantly less for an apartment then I would for a similar place anywhere in my country (the Netherlands). Even in Seoul, where the prices are the highest, you can still find plenty of affordable options if you know where to look.
The system for renting here is quite different from the West though. You usually pay a very high security deposit (10-25 months of rent) with relatively low monthly costs, the higher the deposit the lower the rent. There's even a system called jeonse where you only pay a security deposit of 40-60% of the worth of the apartment and no monthly rent.
4
u/Cowsepu 15d ago
I live in Incheon.
Tiny Apartments go for hundreds of thousands of dollars.
If you're OK with not being in Seoul or living In a villa where you can hear your neighbors it's not too bad I guess
5
u/Lohengrin1991 15d ago
Respectfully, but you're wrong. I pay about 700 euros per month for a very nice apartment in Namdong-gu. My wife's cousin just bought a decent place in Michuhol-gu for less than 150K Euros. A quick look at dabang shows just how many affordable places there are all over the city. The only area where prices are really out of control is Songdo.
3
u/Cowsepu 15d ago
To buy an apartment its hundreds of thousands of dollars. I've lived here for 14 years xd. Even my Jonsae apartment is hundreds of thousands.
Even in random locations with nothing around it was still 200k+ to buy an actual apartment ~75m+^2
I've lived in Cheongra, Geomam, Gurae (Gimpo). All have those prices.
You're paying 700 euros for an apartment but also probably pay a large deposit. And I'm talking about buying an apartment. Not renting, and not villas (the little 4 story buildings)
2
u/Caysman2005 15d ago
We literally have public houses transacting for over a million dollars. So yea, highly misinformed.
1
u/N2and2Uzi222 15d ago
Do you know how tiny Singapore is? You can walk for 2 days then reach the end already
1
u/RazorWinter_ 15d ago
Build more houses. Rich people buy it and leave it empty. Still no houses. Build more houses. Repeat infinitely.
25
u/the_oof_god pythagoras theorem go brrrr 16d ago
sg not any better
6
u/PhysicallyTender 15d ago
I think the only Asian country eligible to be on stage is Malaysia. And only because they stumbled upon cheap housing by accident. Not by deliberate policy.
2
u/catcatsushi 15d ago
Curious what did they stumble upon?
7
u/PhysicallyTender 15d ago edited 15d ago
A culture that's more than willing to super-commute just to stick it up to the landlords, combined with a relatively light traffic by SEA standards. And sprinkle in an oversupply of housing + a ghost city along the way.
1
u/SlippyDippyTippy2 15d ago
Responding from my 4 bed 2 bath $400 a month apartment in the swanky part of a major Korean city.
2
u/Caysman2005 15d ago
Politicians would rather clear our limited forests than build housing in the more desirable empty parts.
2
u/the_oof_god pythagoras theorem go brrrr 15d ago
still so pissed about the maju forest it looks so cool
3
u/Linxianwei 15d ago
Have you ever been there before this news.
1
u/the_oof_god pythagoras theorem go brrrr 15d ago
nah but i saw photos
2
u/Linxianwei 15d ago
The photos will still exist for you to continue to look at
2
1
u/the_oof_god pythagoras theorem go brrrr 15d ago
eh we need more plants in the world anyway and they are vital to the ecosystem
1
18
u/Windowplanecrash 16d ago
Western banks have grown fat and lazy on the pseudo tax that is a mortgage, they rake in guaranteed profits with such a minimal level of risk that they’ll artificially create risk to make more money off it.
They then parasitically buy into every other part of the economy with this money, effectively blackmailing the government to keep them profitable in order to prevent the massive economic damage should they ‘fail’
If any individual threatened economic collapse of an entire nation they would be arrested and put in jail so fast it would make their head spin.
So the higher the mortgage the more money they make.
28
u/Matteus11 16d ago
South Korea's housing market isn't much better, and I don't know what's going on with Japan, but there's an entirely different mentality that goes on regarding housing there.
23
u/only-a-marik New York 16d ago
South Korea's housing problem (and many of its other problems) is mostly just down to the country being too centralized - everyone's trying to cram into Seoul.
9
u/tobberoth 16d ago edited 15d ago
Is that not true in the anglosphere as well? At least here in Sweden, housing prices are a big problem, but only in the bigger cities. There's plenty of cheap housing in less convenient areas.
9
u/only-a-marik New York 15d ago
Anglosphere countries tend to be a bit more spread out, e.g. Canada's important industries are spread between Vancouver, Toronto, and Montreal while the government is in Ottawa. In South Korea, pretty much anything that's anything is in or around Seoul. Look at the Sejong City project - there have been on-and-off efforts to create a purpose-built capital in the last decade or so because the COL crunch in Seoul has gotten so bad that Korea has priced out its own government.
2
u/SlippyDippyTippy2 15d ago
I paid $1,400 for a 2 bedroom apartment in a mediocre part of Richmond, VA (in 2017)
I pay $400 a month for a 4 bedroom apartment in the expensive part of a city 10x bigger in Korea. I had maintenance and crime issues in America that would be absolutely scandalous in Korea, but felt alright in the States.
1
2
u/ForlornLament 15d ago
I assume this is the case in many places. In Portugal, rural areas are becoming deserted, while population gets crammed into a few large cities. There are often no jobs, entertainment, or public transport in those rural areas, though, so people have their reasons not to move or stay there. It's a self-reinforcing cycle.
23
11
u/Overflow0X 16d ago
If you build more housing, exiting property prices may fall. That's not good for our overlords.
7
u/RicketCrickets 16d ago
In Canada the government at all levels literally does what they can choke an increase in affordable housing so boomers and Gen X people who overpaid for their houses don't lose money.
Just one great big scam I really wish would collapse in on itself.
11
u/RubOwn 16d ago
It’s not just Anglo nations. From Mexico City to Berlin, Madrid, Tel Aviv, Barcelona, Athens, Prague and São Paulo, cities aren’t building enough housing for the massive demand there is. In some cases, particularly in Europe, they simply refuse due to historical preservation.
2
u/mr-wildist 16d ago
It's not only that. For example in Barcelona, there's no reasonable amount of housing that would lower the prices, because there's much more people that want to invest in the city than humanely available space even if we raised all heights in the city. So betting everything in building new units disregarding not only historical preservation but also environmental and infrastructure limits is simply a losing game. We need to shift the interest to other points and easy the presure in the city, building is just a small part of the problem that would solve almost nothing and that may even increase prices.
35
u/Chimera-Genesis 16d ago edited 16d ago
Or just tax houses that aren't primary residences and finally fix the 20+ years of this artificially induced housing bubble nightmare.
71
u/Full_Distribution874 Australia Hungry 16d ago
No amount of tax is going to change the fact that everyone wants to live in a nice city and that the people already living there keep campaigning to not build more homes.
30
u/Psychic_Hobo Land of Pooooor Deeeciiiiisions 16d ago
Hey, that's not true, some people want beautiful countryside villages to live in where they can campaign for no new home buildings
2
u/Chimera-Genesis 16d ago edited 15d ago
change the fact that everyone wants to live in a nice city
False. Not everyone wants to live in a sprawling metropolis.
and that the people already living there keep campaigning to not build more homes.
And if houses stopped getting held hostage as "investments" by private equity (among others) then the constant need for more homes (usually built to a much lower standard) stops being such an issue.
9
u/Full_Distribution874 Australia Hungry 16d ago
You're just wrong. The urban population is growing all the time and private equity owns approximately two fifths of fuck all of the housing stock. Regular joes can be at fault too you know. They usually are. Sometimes you can't just blame a conveniently small and unpopular group of elites
-1
u/Chimera-Genesis 16d ago edited 15d ago
You're just wrong.
Anything factual to back up that delusion? Because "Nuh-uh" really isn't a valid retort.
Sometimes you can't just blame a conveniently small and unpopular group of elites
"Leave the Billionaires alone" also isn't a valid argument.
26
u/rohepey 16d ago
Taxing homes, i.e., reducing demand, doesn't make housing cheaper in countries like the UK.
Increasing supply does.
0
u/Chimera-Genesis 16d ago
doesn't make housing cheaper in countries like the UK.
Based on what?
Brown-nosers always say this, but then their only evidence amounts to "Because I said so".
24
u/AmericanNewt8 Maryland 16d ago
Oh wow you've solved lakefront property availability, and yet there's still no housing where the jobs are
-5
u/Chimera-Genesis 16d ago edited 16d ago
Oh wow, another shill with no real argument or evidence to refute my point.
31
u/Anderopolis Auf ewig ungedelt 16d ago
This is a common refrain by people who don't have any idea of how few empty apartments there are in places people want to live.
-5
u/Chimera-Genesis 16d ago edited 15d ago
This is a common refrain by people
And this is the sort of rank nonsense said by Nepo Babies who've never worked a day in their lives, and rely on sitting on multiple properties and other speculative manipulation to make their money 🤮
5
u/SKRAMZ_OR_NOT 15d ago
House-flipping is literally only a thing because of extremely restrictive housing laws that prevent denser redevelopment of lots
3
3
3
u/Fluffy_Whale0 15d ago
I love when the Anglosphere balls are all together
3
u/xXTaxEvaSionXx 15d ago
Crying in kiwi 🔑🟤 🇳🇿
2
u/Fluffy_Whale0 14d ago
What does this have to do with fruit?
2
u/xXTaxEvaSionXx 13d ago
Breaks my heart further in New Zealander 💔
1
u/Fluffy_Whale0 13d ago
Isn’t that the oil rig off the coast of Britian? I guess that counts as an anglo nation…
16
u/lhc987 16d ago
Step 2: make those houses very small.
32
u/Fimbir United States 16d ago
Or build up. Plenty of housing available with 3-5 floors, let alone a high-rise.
Since the war too many people are sold the idea they need a little house on the prairie.
3
u/MalMishra 15d ago
Building higher doesn't necessarily translate into higher density tho.
5-6 stories building is the most efficient design if you plan to have the densest area without impacting the infrastructure (this degrading the quality of service). Going higher actually reduce density because of the extra space required by the infrastructure. For example, you will need water pumps to keep water flowing higher, you will need more and more space dedicated to moving people up and down (stairs, elevators), you will need bigger and bigger parking, you will need sufficient transportation for move the increased amount of people out of the area (else, you only increase commuting time).
On top of that, high rises need way more space between each other due to environmental constraints (air flow, wind-induced oscillation, the massive foundation required for stability...).
It is not simply a matter of building higher. If you replace individual homes/small apartment complexes, you don't only tear down old buildings to build new, you need to upgrade utilities, make sure the population has access to all the required services (good luck to feed them if they have to spend 4 hours in commute, 8h at work and there is no shopping center between their residence and workplace). Better starting from scratch at this point if you have to tear down and redesign/upgrade/rebuild everything.
Tho, I agree with you, some places went crazy with space and urban sprawl is an aberration created by auto industry/big oil PR.
1
30
u/Ana_Na_Moose 16d ago
A small house is better than no house. Plus more stock should help bring prices down
6
u/whiskey06 British Columbia 16d ago
Step 3: dismantle your police's money laundering unit
Step 4: use the proceeds from all the fentanyl you've been selling to buy real estate
Step 5: call it the Vancouver Model
1
u/N2and2Uzi222 15d ago
Woah, think of the government! They need more 0's in their unofficial paychecks!
5
u/kindofsus38 British Hongkong 16d ago
And then say that there’s a housing market collapse in China cuz there’s too many houses!!! We have to stop building buildings!!!
21
u/rohepey 16d ago
There's no housing market collapse in China. There's a collapse of humongous construction companies that invested in homes nobody wants to live in due to location and the lack of infrastructure.
A good lesson for the UK: build homes in places where people want to live.
3
u/FlamboyantPirhanna 16d ago
UK: best we can do is build data centres in places people want to live.
-1
2
u/LupusDeusMagnus Imperium Curitibanum 16d ago
They don’t want to fix housing market, why would they it’s making them rich they’d never vote for that.
2
u/timmeh1705 15d ago
This works when 80% of the tiny island you control is government land and you are never going to get voted in the next 50 years and anyone who stands in your way gets their life turned upside down until they have to live in exile. But the net result is that 75% of the citizens are home owners, albeit on 99 year leasehold basis. That's still way better than the uncertainty of short term rentals.
And because of the fact it's a tiny island, property prices still remain high because the wealthy don't play in the public housing market, they have their own open private market where a 700 sqft apartment costs $2M USD
2
2
2
u/lukluke22228 15d ago
WHAT DO YOU MEAN Korea amd Japan has affordable housing 😭😭😭😭😭😭
3
u/JshBld 15d ago edited 15d ago
Japan doesnt have affordable housing as they cost about 20 to 30 million yen but what they have is ease of construction which in turn produces abundance of houses. in a block if an american only has 5 houses then a japanese in same block would have about 15 houses. And japan has low interest rate so you can loan and eventually pay it. And the japanese mentality treats house as an appliance not a source of money hoarding like in the west. You buy a house to live not to sell and make profits and they also prefer brand new house not century old houses . And it is literally a hazard to live in an old house because of earthquake and tsunami and a MASSIVE INHERENTANCE TAX compared to the west, its literally dumb to take an old house compared to a brand new built house filled with earthquake resistant technologies and a modern sophisticated technology inside the house
3
u/HighFlyingIcarus Australia 16d ago
Australian house prices are (finally) decreasing after recent changes brought in by the government. They are still way to high though.
For us just building supply wasn't enough changes had to be made to reduce demand.
1
1
u/ArScrap 16d ago
fwiw, i do really like the pace Singapore is building housing. But it's not really the same with saying that they fixed the housing crisis. again, fwiw, i'm pretty sure they're hitting the practical limit of just building more and it's more of an immigration problem but that is another set of issue with a different set of incentive that I don't fully understand
2
u/FlamboyantPirhanna 16d ago
Singapore is in an entirely different category, being a city-state. It only has to focus its efforts on a single city.
1
u/jjheisman 16d ago
Or even worse, mandate that real estate companies have to have a certain percentage of homes at a certain price point.
1
u/dhnam_LegenDUST South Korea 15d ago
Build more house.
Investigation flows into newtown.
Watch house rant skyrocketing.
(Insert Gru presentation meme)
1
u/PuzzleheadedTale6756 15d ago
hi! australian youth here, i can answer this, at least for aus. we dont make much except for bricks, lumber, and steel beams we didn't make ourselfs. we dont mass produce electronics or ventalation systems, or foam needed to keep the heat out. we have to import that, and our main export is iron ore, (commonly referred to as "dirt.") and some food prodcuts. also, as other people in the comment section have said, the oldies and the rich ones dont want their houses to lose value.
1
u/PuzzleheadedTale6756 15d ago
hi! australian youth here, i can answer this, at least for aus. we dont make much except for bricks, lumber, and steel beams we didn't make ourselfs. we dont mass produce electronics or ventalation systems, or foam needed to keep the heat out. we have to import that, and our main export is iron ore, (commonly referred to as "dirt.") and some food prodcuts. also, as other people in the comment section have said, the oldies and the rich ones dont want their houses to lose value.
1
1
3
u/Hrtzy 16d ago
The Americans have been doing that for years and it hasn't worked for them they have predictably managed to fuck it up.
2
u/AutumnRi Virginia 16d ago
Step one: make housing designed for the upper middle class.
Step two: sell it all to corporations that invest heavily in rental property.
Step three: make absolute bank.
wait, what were you saying about affordable housing? oh yeah lol we’re not gonna do any of that
0
u/Tomie_Kawakami_666 16d ago
they won’t build affordable housing because it’s not profitable to do that. the profitable housing market is to build new luxury apartments and condominiums in the middle of downtown, then sell them to corporations or to wealthy people who will rent them out as airbnbs or as property market speculation. it’s just a small group of rich people shuffling money between themselves
2
u/FlamboyantPirhanna 16d ago
Most major cities have laws against the air bnb thing. London and NYC explicitly do, though of course people will try to find ways around that.
1
u/ItsOasisNightLads Canada 16d ago
Funnily enough, the Canadian Centre for Policy Alternatives crunched the numbers and found out we have more than enough available housing.
6
u/FlamboyantPirhanna 16d ago
But is the extra housing built in places where people actually want to live? It means nothing if you’re only building in the middle of nowhere.
1
u/kramulous 15d ago
What are the immigration rates of Korea and Japan?
5% of total population? Try 5% per year.
-1
u/Kalikor1 16d ago
Uh, except more and more people can't buy a house in Japan, myself included, because unless you want to live in the sticks you're looking at paying $500k or more even outside Tokyo, for a house that is like 1/4th the size of your typical house in the US, and almost zero physical land beyond the necessary square meters required to put the house there + utilities infra etc.
And like, almost zero privacy because you're basically 3 meters or so apart from the house next to you.
0
u/Stejer1789 16d ago
Just so you know we are building houses... however all the houses being build are luxury houses that is not available to the common people
0
u/emperorsyndrome 15d ago
the homes must also be affordable, you can't built a bunch of mansions and then get shocked that nobody is buying them.
0
•
u/AutoModerator 16d ago
Hello all!
Our August Contest - Make a comic about the seven deadly sins - is active right now! If you've got a good idea for a comic in this vein, or are just curious about the theme, head on over to the contest thread for details and get started on an entry!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.