Tokyo’s Land Bubble: Imperial Palace > California
At the 1989 peak, Japan’s real estate bubble got so irrationally exuberant that Tokyo’s Imperial Palace 🏯 grounds were valued at $5.1 trillion 💸 – more than all real estate in California 🌴🏠 combined.
This absurd bubble 🎈 shows how mania can skyrocket asset values far beyond reason.
It’s a warning ⚠️ to question extreme valuations ❗ and not get swept up in FOMO 🔥.
