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Maybe we're splitting hairs, but if you're paying 1.5 or 1.8 a month rent after you split 3 ways, that's around $5000 a month rent for a 3 bedroom and at city r
by helen___keller 8y ago
Maybe we're splitting hairs, but if you're paying 1.5 or 1.8 a month rent after you split 3 ways, that's around $5000 a month rent for a 3 bedroom and at city rental yields that's likely a 1.5-mil-plus unit (for ownership), which was kind of my point. If you want to be a homeowner with this property you need to be a multimillionaire. If you look at properties worth 1.5-mil-plus in Tokyo, rather than the average middle class house, I'm sure your opinion of the Japanese lifestyle would be different.
The tradeoffs are just as bad as in Tokyo, they're just different tradeoffs. Instead of a tiny house with poor heat insulation with a 50 minute train ride, you have 2 roommates and still pay a hefty sum of rent. That's a no-go for many people, especially those with families.
- kurthr 8y agoYou don't need to be a millionaire to either rent or buy a million dollar house. You do need ~$1-200k down payment, but that's not millions. I have the option to rent part if a house, but I've also lived alone or shared $2k/mo total in condo/town in the same area without a garden. A 600sqft apt in Tokyo is about $700k+, but it's true rents (for ethnic Japanese) are lower (not so much for gaijin)... although you need to own to have a traditional wife/family. You also have no option of living in a 200m sq house in any case.