Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter
Unlike Detroit, which will run out of cash next month, Japan prints its own money, so bankruptcy in the Detroit sense is not in the cards. But they do have two things in common: depopulation and a ballooning stock of abandoned houses. For Japan, it’s an issue that even the most prodigious and reckless money-printing binge cannot resolve.
These decrepit buildings dot neighborhoods in surprising places. There was one just down the street [...]
