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>>> However, that chart alone is very compelling because it shows something that you don't see anywhere else; declining housing price. I find it strange that y
by user5994461 10y ago
>>> However, that chart alone is very compelling because it shows something that you don't see anywhere else; declining housing price.
I find it strange that you would think that. I would expect accommodation prices to drop in the vast majority of areas. Obviously, I am biased the other way because of the places I know.
The economy outside of major cities is pretty bad and it's only getting worse.
P.S. There is also a matter of timespan. If you look at 20-30 years, everything is going up. If you look at 1-5 years, it's stable or going down.
- ekianjo 10y agoIn 20-30 years an accommodation loses about 50 to 60% of its value in Japan. The only thing that is stable or gaining any value in Japan is land. The rest is just a deprecating asset.
- Dunan 10y agoThis is why you buy a fully-depreciated ~40-year-old apartment or house. I spent my entire life's savings to do this and it was the best decision I ever made. When and if I leave Tokyo, I will rent it out for side income. I can't overstate the peace of mind this gives me.
- ekianjo 10y agoWhat happens though when they decide to tear down the building? How much of the value do you recoup?