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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (23277)	8/16/2004 5:44:46 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

Here's a chart, prepared by the government of Japan, which shows land prices from 1980 to the present. home.pacbell.net "there is a lot of myth and rumor of the extent of Japanese housing price appreciation during the mid to late 1980's. I have read that Tokyo real estate increased 120% in a five year span - not too different from some of the bubbly areas in the good old conservative USA."

To: SouthFloridaGuy who wrote (23277)	8/16/2004 8:18:19 PM
From: TobagoJack	Read Replies (1) \| Respond to of 306849

Japanese real estate did not trade as much as the crazy price increases (neighborhood noodle shop valued at USD 1000mm) might have led one to believe, due to the 45% gains tax, and so the bubble was in the main based on revaluation/financing, as opposed to transaction/financing, leading to the banks biting it and owners more or less OK, again in the main, leaving the noodle shop owner in pretty good shape, given Japan's BK process etc. Fiat money inflation. The price is 12+ years of nothingness, but for J6P buying Lexus SUVs and W3C buying machine tools. Now Japan will be hit with a demographic storm, and I am not sure what will happen, but a lot may take place.