QOTD: Tokyo’s Real Estate Bubble of the 1980’s

Nice follow-up quote from our last post on federal land holdings and assets.  U.S. government praying for a land bubble?  Just yanking your Markov chain.

At the peak of the real estate bubble in the late 1980s, the 1.32 square mile of Imperial Palace grounds in the center of Tokyo was said to be worth more than all the real estate in California.   –  CNBC

(QOTD = Quote of the Day)

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