Why can Japan s real estate bubble survive social stability Details 0 3

The main reason why Japan was able to stabilize after the real estate bubble is summarized in one sentence: under the guidance of ** and large small commodity enterprises, most of the Japanese people gradually realized that high-end luxury goods are too far away for them, and the United States led to pressure on Japan to increase the proportion of Japanese currency to US dollars, resulting in a sharp increase in the cost of export goods, but the purchasing power of the Japanese people has not improved. Therefore, when the United States choked the throat of Japan's exports, the Japanese export enterprises shifted their attention to real estate, to put it bluntly, they copied up housing prices and lent money to the masses, so that others could work for these enterprises free of charge, in addition to real estate, other high-end consumer goods were copied at that time, and the Japanese authorities had no ability to intervene at this stage, so they could only divert the attention of the Japanese people as soon as possible after the bubble burst. Here I would like to thank the sea house 360 this**, I have some understanding of the current situation of Japanese real estate, but I don't know much about the history of real estate, and the others** are all the same, and there is no opinion of their own.

As we all know, Japan's real estate market bubble in the 80s of the 20th century had a very far-reaching impact on Japan:

The ratio of land price to price index in Japan was 2,512, and it rose to 6,812 in 1990, nearly three times in just three or four years. Japan's real estate bubble has reached the point where it is on the verge of bursting. From 1971 to 1979, land in Tokyo, Osaka, and Nagoya grew at an average annual rate.

The scarcity of land, combined with the blindness of property consumption, has given rise to the land myth.

2. By 1990, the total value of real estate in Japan was about 20 trillion US dollars, about 75 times that of 1955, equivalent to 2 times the total market value of the world at that time.

3. From the point of view of land prices, from 1980 to 1990, the land prices of Kyoto, Tokyo and Osaka Prefecture increased by more than 4 times, and in Japan's six major cities, the price of residential, commercial and industrial land soared from 6,000 US dollars per square meter in 1970 to 10,000 US dollars per square meter in 1991.

4. After the bubble crisis, housing prices in Tokyo were once as low as several thousand yuan per square meter, but after a few years, they immediately exceeded 10,000 yuan, and circled around the 350,000 area for a long time, followed by about 50,000 yuan in the ordinary area and more than 6,150,000 yuan in the central area. With the opening of the Olympic Games now, Japan's housing prices have become inevitable!

This is an animated analysis of the housing price crash caused by the bursting of the real estate bubble that occurred in Japan.

First of all, Japan** took the initiative to puncture the real estate bubble by continuously raising interest rates, and the consequence was that the real estate collapsed and stabilized the exchange rate. ** A year has already reached its peak. Personally, I think it's better to be active than passive.

Just because Japan has been in the so-called lost state for so many years, we can't say that Japan has fallen for the Plaza Accord and has done nothing. If you stand at the historical point at that time, is this the best choice, or the least bad choice? If I had chosen the other way, would the results be worse?

In fact, the root cause of Japan's decline is its aging population. **At the peak, the property market crash is consistent with the inflection point of the proportion of the labor force to the population. China is already on this path, the difference is that we can choose a better, very different path?

And for the group of house slaves who have experienced, they are still paying off high loans, it can be said that the life of people 30 years ago is unimaginable to everyone now, the most important thing is that no one cares about them, let them fend for themselves, Japan is a country, people who will never look at the details, will only look at the economic predators to point out the economy!

From 1985 to the beginning of the 90s, land prices in Japanese cities soared by more than 200%, and land prices in Tokyo alone were comparable to those in the United States. In order to prevent the bubble from further expanding, Japan** also tried to make efforts but it was too late, and finally Japan** took the initiative to puncture the real estate bubble, resulting in a bank-wide non-performing debt of up to 100 trillion yen.

When the investment appreciation of the house is much higher than the industrial income, many people are intoxicated in the bubble of the dream of wealth appreciation, but if you want to maintain this bubble, you need more capital injection, more speculation, and more pick-ups, but this kind of unlimited speculation and the crazy growth of housing prices are destined to eventually people can't take more money to take over, and the bubble will burst.

It is better to take the initiative to puncture than to puncture, or to say that the bubble can no longer be maintained, that is to say, it is out of control, if Japan does not puncture the real estate bubble, it may eventually lead to the collapse of real estate and the exchange rate, Japan's ** chose to take the initiative to puncture the real estate bubble through continuous interest rate hikes, and the real estate collapsed and stabilized the exchange rate. No more speculation, the manufacturing industry has been preserved, and the products are sold all over the world!

Summary. After the Japanese real estate bubble, the food industry, which may be closely related to people's livelihood, is relatively "booming".

No matter which country it is, after the real estate bubble bursts, the most direct will be housing prices**, demand will drop sharply, and housing prices will continue**, forming a vicious circle.

Most of the buyers have mortgages, the house has become negative equity, many people will sell the house, and the bank will receive the depreciated property. Moreover, real estate is a long industrial chain, which involves capital-intensive industries such as building materials, steel, coal power, and transportation. If real estate crashes, the entire national economy could be in crisis.

What people are doing after the housing bubble in Japan.

After the Japanese real estate bubble, the food industry, which may be closely related to people's livelihood, is relatively "booming". No matter which country it is, after the real estate bubble bursts, the most direct will be housing prices**, demand will drop sharply, and housing prices will continue**, forming a vicious circle. Most of the buyers have mortgages, the house has become negative equity, many people will sell the house, and the bank will receive the depreciated property.

Moreover, real estate is a long industrial chain, which involves capital-intensive industries such as building materials, steel, coal power, and transportation. If real estate crashes, the entire national economy could be in crisis.

The Japanese housing bubble was only part of the Japanese economic bubble of the 80s. Banks linked to real estate, high-end art markets, and so on have all been hit. However, Japan's economic take-off was due to the large deficit of the United States after the war, and a large amount of capital entered the Japanese domestic market to avoid risks, which led to the rapid appreciation of the yen.

As a result, the real estate, retail, and real estate investment environment has deteriorated. After a round of storms, Japan's real economy has not been hit hard, but it still has the capacity to grow. Although it was stagnant due to the economic bubble, it has improved its industrial structure by relying on the favorable environment created by the Act since the 50s, and by investing heavily in R&D with the policy of "technology nation".

The manufacturing industry, represented by electronics, has developed rapidly, and correspondingly, there are automobiles, shipbuilding, etc. So it was the manufacturing industry that really saved Japan. However, strictly speaking, the manufacturing industry is also after the bubble burst4

5 before he was relieved.

Hope my answer is helpful to you!

Why is Japan's economy still so strong after the housing bubble bursts? Don't believe it!

At that time, a house of about 100 million yen became about 40 million yen.

Let's put it this way, it fell 6 7;The equivalent of a house of 10 million fell to 1.5 million to 1.8 million; The house of 5 million fell to 450,000. In fact, to put it bluntly, the result of falling is not a normal state and the result that people expect, of course, property speculators do not want such a result.

The four major harms of high housing prices should not be underestimated, and the bursting of the real estate bubble in Japan was a lesson from the past.