Quote:
Originally Posted by Ant131531
And if density can keep home values low, why are european and some Asian cities like Tokyo still so expensive?
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Firstly, Tokyo isn't that dense. Especially by East Asian standards. It's peak densities are nowhere near what you find in any Chinese city, Seoul, New York, or Paris. Floor densities are much higher though.
Secondly, only 12% of Japan's land territory is arable, of which 8% is farmland. Over 50% of the country lives on just 2% of the land. The rest is mountains. That comes out to
just under 70 million people living in an area smaller than Delaware. Cost savings from building dense cannot compensate for the lack of available land to build on in the first place.
Thirdly, Japanese sprawl is in no manner like American sprawl: population densities in Sprawlville JP top 10,000 pp sq mile; Spawlville JP is guaranteed to have at least one major commuter rail station serviced by multiple lines (which go cross-town and not just hub-and-spoke), fed by bus coverage denser than you'd find in the
core of any American city; Sprawlville JP has natural urban growth boundaries (see above about land scarcity and mountains). This all costs money to upkeep, and some of these costs get passed to homeowners in the form of taxes and annual fees.