The Curse
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- Posted: Thu, 18 Mar 2010 03:53:56 +0000
The God Hunter
Japan has one of the best economies in the world regardless of its tremendous short comings. It is about the size of Missouri with about 125 million people making it the most densely populated country in the world. There is virtually no privacy a European newspaper compared the average Japanese home to "rabbit hutches". Land is so valuable the area the size of a news paper parcel costs up to $50,000. On top of that all of the resources it relies on are imported from other countries. Most of the land in Japan is either uninhabitable or poor farm land. Yet the country still thrives. How is their current economic prosperity even possible?
Not entirely true. I mean yes, in them iddle of the cities.
Out in the country towns of Japan where services are considerably less land is actually amazingly cheap. Also, the rapid modernisation of Japanese housing means that land depreciates extremely fast. The net value of a property can be zero or below twenty years on, if you factor in the amount a purchaser paid for it beforehand. This means there is extremely low mobility in Japan, it's hard to move around. Meaning country towns in Japan, contrary to much of the rest of the West, are not in a process of urbanisation*. Not that that would be easy anyway with the density that already exists.
*I should qualify that by saying that students still flock to the cities. Settling families however are generally more than happy to live in the countryside once they secure work. Lifelong employment attitudes completely fit in with the culture that exists with property values there.