Are there any examples of large-scale housing price reduction in other countries except Japan?

Recently, you can see the news that Japan's population is aging seriously in various news. The Japanese government has introduced various policies to try to solve this problem, but it still can't solve this problem. And it is reported that there are still more houses in Japan than people. Japan's current birth policy is very good, but many people don't want to have children, so there is no working-age labor force in Japan, and the labor market is in short supply.

Moreover, as an island country, the average life expectancy of Japan has been greatly extended, so the problem of population aging is also very serious. Japan not only faces a large number of vacant houses, but also faces many problems such as labor shortage and aging population. Now many places in Japan have houses similar to "haunted houses", houses where no one lives at all. Moreover, there is even a "dumb village" in Japan, where villagers have moved away one after another, leaving an empty village.

Some artists felt it was a pity, so they made many dummies and put them in the village. In order to save these disappearing villages and towns, the Japanese government has also set up "empty house banks" in some areas to give away some eligible houses for free. Moreover, the Japanese government also provides repair subsidies to attract people to return.

But even so, the effect is not good. Many other countries are also facing this problem, such as Greece, and there is an economic crisis because of the aging population. The United States, also a developed country, is now facing a serious population aging. China is no exception. The aging population is also very serious, and many houses are beginning to face the problem of price reduction.