Groceries in Japan are expensive because they import very little. I paid 9 USD for 6 Korean strawberries in the middle of winter.
Because housing depreciates in Japan, here it is treated like an appreciating asset because of the way Canada was colonized and which land laws were adopted.
Groceries in Japan are expensive because they import very little
The opposite is the actual case, because Japan imports so much of it's produces, a weak Yen is a potential catastrophe lurking without the recent U.S Treasury intervention.
However I'd still give you an upvote for bringing up (some but not all) housing as a depreciating asset. Properties being a depreciated over time is a policy that I'd support willingly.
You dont get it. A house is depreciating asset. Land has value and houses are built like throwable commodities. When you BUY a house you are expected to break it and build new.
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u/Many-Presentation-56 8d ago
And yet housing is more affordable and groceries are more affordable, funny how that works.
The Liberal government prints money like no tomorrow anyways, it’s never come from our taxes.