Future of Real Estate? Look to Japan
The way people live, work, and rest in the Land of the Rising Sun provides an interesting perspective on the evolution of other markets. Many of the most common behaviors of the information age started as Japanese "quirks" and gradually expanded to the West. These include using mobile phones for texting instead of calling, using mobile web browsers, taking selfies, sharing photos of one's lunch or latest purchase, listening to music from a small mobile device, eating instant noodles, riding super-fast trains and hybrid cars, interacting with voice-activated machines, and running around the city chasing virtual animals. When it comes to social and economic indicators, Japan is further along the curve for many of the trends that will shape the 21st Century: 93% of its residents live in cities, and a large percentage of them are single; The country has the highest percentage of population over 65, the highest life expectancy at birth, among the world's lowest fertility rates, and many of
🕰️ This article was originally published in August 2017. I am reposting it due to its growing relevance to cities post-Covid. Many of the most common behaviors of the information age started as Japanese "quirks" and gradually expanded to the West. These include using mobile phones for texting instead of calling, using mobile web browsers , taking selfies , sharing photos of one's lunch or latest purchase, listening to music from a small mobile device , eating instant noodles, riding super-fast trains and hybrid cars , interacting with voice-activated machines, and running around the city chas
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