this post was submitted on 09 May 2025
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I agree with everything you wrote up to the point of claiming all the US housing problems are inherent to capitalism. Japan is a capitalist country, but Japanese houses are for living in, and Japanese houses depreciate like cars - which is way more sustainable than the US train wreck. There are other ways of housing even without leaving capitalism.
This is almost entirely not due to policies but almost entirely to Japanese economy being stagnant for the last 20 years whereas the US economy has grown almost every year for the last 20 years.
I also live in a stagnant country, and it's not great that you have to sell the house you bought 10 years ago with the same price or cheaper to get it off your hands. And also it's not great that the general wealth in the society is not growing.
When people from where I live visit USA, even when they go to not so rich states, they notice that everything and everyone is more wealthy.