In Japan, people don't have big tanks for hot water; the water is heated on the fly, whenever you open the faucet. I always wondered why people don't do that in the U.S. also. Turns out others are wondering the same thing, as this NYTimes article shows:
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posted by Richard Sprague at 7:34 AM on Nov 28, 2004
"Tankless hot water heaters"
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