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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (41318)	11/12/2003 3:19:08 AM
From: macavity	Read Replies (2) \| Respond to of 74559

Numbers? I have no idea about these. They just get in the way of a good story. What I was discussing is just stuff I used to discuss with people when I worked in Tokyo. There are just somethings so peculiar to property in Japan/Tokyo that just does not make sense to a western mind. Like how it is as expensive as NewYork/London AFTER 13 years of recession? No idea. From what I can make out, it (domestic not commercial property) is not a screaming problem as a lot of Japanese bought their houses before the mania (pre 1980) and they do not like the idea of debt. I was just commenting on the fact there is little motive to liquidate under-water properties given the current factors in the debtors favour. :) -macavity