The examples given in this article are a bit silly. In Japan, the land has value, not the home. The examples in the article compare prices during an insane bubble to present-day prices. You could do that with any free-market county to make things look bad, except I don't know if any county has ever experienced a real estate bubble on par with Japan in the late 70s - 80s.
The only part that's a myth is that it's only a single decade. Japan's GDP has been flat for over 30 years now. USA's has tripled during the same time period.
Well, yeah, it's a completely domestically designed and produced item.
https://m.youtube.com/watch?v=9OYPWgzDBxE
The manhole covers in my Oregon city are boring and say "made in India". I'd bet their per-unit cost is still in the several hundreds of dollars.
Japan's "lost decade" is a myth:
https://www.forbes.com/sites/eamonnfingleton/2013/08/11/now-...
The examples given in this article are a bit silly. In Japan, the land has value, not the home. The examples in the article compare prices during an insane bubble to present-day prices. You could do that with any free-market county to make things look bad, except I don't know if any county has ever experienced a real estate bubble on par with Japan in the late 70s - 80s.