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Freakonomics Radio

157. Why Are Japanese Homes Disposable?

Feb 27, 2014 · 00:23:16
✨ AI Summary
  • Japanese homes depreciate in value unlike most countries where real estate appreciates over time
  • New buyers in Japan often demolish existing homes rather than renovate, treating them as disposable
  • Cultural and economic factors explain why land value matters more than the structure itself in Japan

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