4 ms·
As siblings have already said, the land is not worth nothing, but the article doesn't seem to say, from a quick glance, whether property of the land is included
by glandium 5y ago
As siblings have already said, the land is not worth nothing, but the article doesn't seem to say, from a quick glance, whether property of the land is included in the transaction. Because in Japan, land can be rented too (yes, you can rent land to build something on top of it, that's called shakuchiken (借地権)).
- panny 5y agoNot in every case naturally, but land can also be worth nothing in circumstances where it has become unstable. Japan has places where old homes exist and new home building is not permitted because it has become a hazard zone for landslide. No wells can be dug, no foundations, it may trigger a collapse which affects your surrounding neighbors. Eventually, earthquake will take the place and no one will buy in the area with this knowledge.
- glandium 5y agoThat's probably not the case of the land attached to the houses mentioned in the article, though. That said, I also read somewhere else that the $500 are not actually a sell price, but a rent price. ¯\_(ツ)_/¯