Addressing the Housing Crisis

Japan’s population is roughly equal to the five most-populous states of the U.S. — California, Florida, New York, Pennsylvania, and Texas — concentrated in a nation that has approximately the land area of Montana, which is only about a fourth as large as those five most-populous states. Moreover, well over 40 percent of Japanese live in the Tokyo-Osaka corridor, which is considerably smaller than the Boston-Washington corridor yet has a greater population.

Single-family homes in Japan.

Despite this concentration, most Japanese live in single-family homes. While that percentage has been declining, in recent years that decline has been due to the rise in people living alone. In major urban areas, single-family homes are often on small lots, but they are on large lots in smaller towns and rural areas. Just as in the U.S., most Japanese families aspire to live in a single-family home. Continue reading