4 Comments

Thanks for putting the numbers in perspective. A change in the denominator, the per capita figure in this case, certainly seems to make a big difference.

While I can appreciate your point as it relates to rent, I'm still struggling in terms of mortgage payments. Once a mortgage has been paid off later in life, then would not housing expenses be significantly reduced?

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We ran a tapas and wine bar in Tokyo for several years. I can tell you that the ONLY people who spend in this country are Japanese over about 50 years old.

Even in low-price establishments, oh boy are younger people cheap glass and dish nursers.

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