> Even when confronted with the falling rents of Tokyo

I'm sorry. Did you say "Tokyo"? THIS Tokyo: https://www.globalpropertyguide.com/asia/japan/home-price-tr... - in a country with _declining_ population?

Or maybe this one - https://www.reddit.com/r/JapanFinance/comments/1ovp3et/price... ?

You folks never cease to amaze.

> Don't bother arguing with economics deniers.

So far, I have not seen a single clear example of a city that decreased its housing prices by building more denser housing.

And yes, I maintain that Austin is not a counter-example. Its population has been at _best_ stagnant, and I believe that it's now declining.