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> To begin with houses in Japan are usually not built to last because typhoons, earthquakes, fires and mud slides have historically destroyed them in the course
by DyslexicAtheist 6y ago
> To begin with houses in Japan are usually not built to last because typhoons, earthquakes, fires and mud slides have historically destroyed them in the course of a few decades.
other reasons that resale homes are not very good business in Japan:
- Japanese believe it's not clean to buy a home others lived in before, they obsess over ultra-modern brand-new places the same way Apple fans like their newest gadget.
- houses fully depreciate in 2-3 decades
- ghosts (this is not a joke. it includes the believe that the house isn't just an object but has a "soul" (this believe extends to cars and other inanimate objects))
See also https://holdblog.com/resale-homes-are-not-a-good-business-in-japan/ https://holdblog.com/resale-homes-are-not-a-good-business-in...