Earlier quoted context omitted.
The point of the economic numbers is that what's affordable from a Western perspective is not for a Japanese person. You're talking about a country where 50% of workers earn less than $25,000 per year! A $200k house in the US is generally considered very affordable. In Japan that's 8 years of salary for half the country, and easily a 20+ year mortgage. Their housing prices are being further depressed by the fact that…
shrug. Doesn’t contradict anything I said. Japan is not a developing country.
Now it's rather the opposite. If you go to Japan on a Western salary (and especially after converting Western currency post ~2022), everything's dirt cheap for a foreigner, yet quite expensive for locals, which is much more akin to the economic state when visiting a developing country.
And so saying housing is cheap in Japan is kind of crass in a way. I mean yeah obviously it is, so long as you don't happen to live and work there.