日本人住房梦渐远，房价是年收入10倍

Core Insights - The traditional model of home ownership in Japan, based on lifetime employment and purchasing a home after marriage, is collapsing due to rising housing prices, increasing single-person households, and stagnant wages [2][5][9] - The average price of new homes in Tokyo's 23 wards has surged to 130.64 million yen (approximately 6.24 million RMB), marking a 20% increase compared to the previous year [4] - The "income multiplier" for home prices has exceeded 10 for the first time, with the national average at 10.09 times annual income and Tokyo reaching approximately 18 times [4][5] Housing Market Trends - The average price of newly built detached houses in the Tokyo area has remained above 55 million yen, over 10 million yen higher than five years ago [4] - The number of new housing starts has dropped to about 800,000 units annually, less than half of the peak period [5][10] - The number of vacant homes in Japan has doubled over the past 30 years, with 9 million out of 65.04 million total homes being unoccupied [10] Policy and Economic Implications - The Tokyo government is considering measures to regulate property resale to curb speculative short-term sales, reflecting a growing concern over housing affordability [2][11] - Japan's housing policies, which historically favored new home purchases through tax incentives and loan expansions, are now seen as inadequate in addressing current market realities [5][9] - There is a push for policy adjustments to promote the circulation of second-hand homes and utilize vacant properties to provide diverse housing options [10][11] Comparative Analysis - Other countries, such as the UK and France, are also facing high housing prices, with London having a price-to-income ratio of 12 times, second only to Tokyo [5][8] - Japan is exploring partnerships with the private sector to create affordable housing options, similar to successful models in New York and London [11]