Chuorinkan and Kignae Houses in Tokoyo, Japan

The exterior of the PMT plant in Osaka quotes the exterior of Le Corbusier's Villa Stein in Garches. The purpose behind the reference and reorganization of such operations is (1) to produce the effect of a heterogeneous collage, and (2) to visualize surface elements. The house in central park is similar to building 1 in PMT, but the facade is composed of two volumes, so the elements used in the two projects are totally different. This is one of the first quotes from Adolf Loos, but because of the unique Loos a flat vault is not practical for the structure of the tree, triangle roof is used in the house decoration focus on

Therefore, despite the declining population, housing construction is stable. 87% of Japanese home sales are new housing (11 ~ 34% of Western Europe). The population is only one third, which makes the total number of newly built houses built in Japan comparable to the United States. This poses a problem: Why do not Japanese evaluate their old house? First of all, Japan's superstition is innovative. Frequent earthquakes have a serious impact on people not to use buildings as a matter of course. Immortals enjoy cultural values ​​and religious values ​​(more important than Ise Shrine rebuilt once a year). Nonetheless, these frequently repeated truths can not provide sufficient economic justification for the devaluation of deep-seated real estate in Japan. Its temporary attitude towards housing seems to fly in the Western economic sense.

For those who think that housing prices never go down, it is worth remembering Japan's case study. In the 1980s, housing prices also rose in Japan as well. However, for the 14th consecutive year since the decline in house prices in 1991, it caused a big economic problem such as a decrease in consumption expenditure. House prices in the United States are beginning to decline as well. Since the peak in 2007, housing prices in the United States have declined sharply. Traditionally, the real estate market is that it is a place to live, not just assets. Therefore, unlike the stock market, house prices do not go up or down by speculation. However, the great demand for UK housing is due to investor purchase. Many people buy investors for a long time to market, but prices are falling, some speculators may leave the market, and demand is falling sharply.

Japan has been suffering from deflation for a long time, but unfortunately the global economic crisis happened on a gradual recovery. In the late 1980s, the central bank of Japan cooled the stock market and housing, causing a potential risk of inflation. The tightening of monetary policy has been carried out for over a year since May 1988, but due to the government austerity policy, the Japanese stock market and housing did not recover after recession. The recession in Japan since 1991 is often referred to as the Japanese economic bubble.