- 社会経済史学 (ISSN:00380113)
- vol.72, no.1, pp.47-67, 2006-05-25 (Released:2017-08-09)
This paper aims to clarify the circumstances of the housing problem in Tokyo after Kanto Daishinsai [the Great Kanto Earthquake of 1923] mainly in relation to the supply and demand on the rental housing market. Based on the marked increase in housing demand following the earthquake, excessive housing investments were made in the suburbs of Tokyo city. However, the increase in housing supply in Tokyo city, on the one hand, and the increase in tenants due to intensification of the recession, on the other, widened the gap between supply and demand by area. The focus of the housing problem shifted from an absolute lack of housing into a problem of affordability. By the end of the 1920s, dissatisfaction intensified among low-income tenants who were shut out of the private rental housing market. From 1929 to 1930, rental rates decreased in general under the influence of a decline in prices and a movement for rent reduction.