Tokyo does not subsidise its transport system!
<p>In an <a href="https://medium.com/land-buildings-identity-and-values/what-is-the-secret-to-tokyos-affordable-housing-266283531012" rel="noopener"><strong>earlier article</strong></a> I discussed Tokyo’s remarkable return to housing affordability in recent decades. I speculated that a cultural tolerance to the ‘messiness’ of intensification could be a factor in Tokyo’s switch to affordable housing following the property boom of the 1980s.</p>
<p>Internationally, it is unusual for a city to change its long-term pattern of affordability. Generally the experience has been for unaffordable cities to remain unaffordable — perhaps due to the difficulty in achieving a societal consensus and therefore the political will to implement significant housing reforms (this seems to be the case for New Zealand in the last thirty years).</p>
<p><a href="https://medium.com/land-buildings-identity-and-values/tokyo-does-not-subsidise-its-transport-system-98f064f097b3"><strong>Read More</strong></a></p>