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While I agree with the general anti-car sentiment, we have expensive housing in less car-dependent areas as well (case in point: various cities in Europe), leading to a broad range of social issues. Hence, I have to disagree with this point in particular.

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Tokyo proves that dense cities can maintain access to reasonably priced housing.

Tokyo of today. During the Japanese asset bubble that wasn't the case.

Also properties in Japan generally depreciate like cars because it's a seismic area and newer buildings are typically better equipped to deal with that, so it makes sense to tear it all down every 30 years or so.

This is also the case in Seattle or San Francisco - it is not significantly predictive.

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