5 ms·

I assume by 'depreciation' you mean prices fall down or don't go up? Yea, why is that a bad thing? If house prices keep going up it just makes it impossible fo

by hsn915 5y ago

I assume by 'depreciation' you mean prices fall down or don't go up? Yea, why is that a bad thing? If house prices keep going up it just makes it impossible for young people to start families. Why would anyone want that? Treating homes as investment kills the social fabric. That said, houses in Tokyo are quite expensive. Try looking online (like on suumo or sumaiti or lifull homes websites) and you will see that a house for a family with 2 kids costs upwards of half a million dollars. Which I think is insane. Houses on the country side are much cheaper (half that price or less).

bart_spoon 5y ago
> That said, houses in Tokyo are quite expensive. Try looking online (like on suumo or sumaiti or lifull homes websites) and you will see that a house for a family with 2 kids costs upwards of half a million dollars. Which I think is insane. This is absurdly cheap compared to cities around the world, including in the US.
golemiprague 5y ago
Try finding a house for half a million dollar in any major city around the world, good luck. Tokyo is actually very cheap because you can go to a cheap neighbourhood and still will have all amenities, safety and most important quick and easy transportation to all the interesting places. Many families live in apartment buildings which are cheaper, if it is slightly old it is even more cheap. It is also nice because the city got little parks and playgrounds dotted all over the place so kids just go there to play with other kids, you don't need the American suburban back yard. Once they are 6 they start to travel by train and bike to school so you don't really need a car to get them everywhere. Daycare are also very cheap, especially the public one but even privates that work during all working hours are relatively cheap and they give excellent care.
Sebb767 5y ago
> a house for a family with 2 kids costs upwards of half a million dollars. Which I think is insane. That's a steal, globally seen. I live in a mid-size city in Germany (500k people) and for a house at the city border you can easily calculate a million euros. And that's for the small ones that need restoration from the ground up. Let's not even get started on larger cities like Munich or Frankfurt. EDIT: Why the downvotes? While these houses might be expensive in absolute terms, they are pretty cheap for such a large Metropole.
- presentation 5y ago
  Totally agree, the prices in Tokyo for homes are competitive with tiny low opportunity cities in the USA.
  - WillPostForFood 5y ago
    What's an example of a tiny low opportunity city in the US? The median home price in the US is ~$250,000 (under 200k in 16 states), and you'd expect it to be on the lower in tiny low opportunity areas.
- clavicat 5y ago
  >If house prices keep going up it just makes it impossible for young people to start families. Why would anyone want that? Because everyone wants to be a landed aristocrat sitting on a patch of land that effortlessly accumulates value.
- hsn915 5y ago
  Why would someone in Tokyo care about the cost in Germany? In practical terms it means a family with 2 kids needs both parents working fulltime to pay the bills and save some money. If only one parent works, they better have a really good paying job, or be content with not being able to save any money.

by hsn915 5y ago

bart_spoon 5y ago

> That said, houses in Tokyo are quite expensive. Try looking online (like on suumo or sumaiti or lifull homes websites) and you will see that a house for a family with 2 kids costs upwards of half a million dollars. Which I think is insane. This is absurdly cheap compared to cities around the world, including in the US.

golemiprague 5y ago

Try finding a house for half a million dollar in any major city around the world, good luck. Tokyo is actually very cheap because you can go to a cheap neighbourhood and still will have all amenities, safety and most important quick and easy transportation to all the interesting places. Many families live in apartment buildings which are cheaper, if it is slightly old it is even more cheap. It is also nice because the city got little parks and playgrounds dotted all over the place so kids just go there to play with other kids, you don't need the American suburban back yard. Once they are 6 they start to travel by train and bike to school so you don't really need a car to get them everywhere. Daycare are also very cheap, especially the public one but even privates that work during all working hours are relatively cheap and they give excellent care.

Sebb767 5y ago

> a house for a family with 2 kids costs upwards of half a million dollars. Which I think is insane. That's a steal, globally seen. I live in a mid-size city in Germany (500k people) and for a house at the city border you can easily calculate a million euros. And that's for the small ones that need restoration from the ground up. Let's not even get started on larger cities like Munich or Frankfurt. EDIT: Why the downvotes? While these houses might be expensive in absolute terms, they are pretty cheap for such a large Metropole.

presentation 5y ago
Totally agree, the prices in Tokyo for homes are competitive with tiny low opportunity cities in the USA.
- WillPostForFood 5y ago
  What's an example of a tiny low opportunity city in the US? The median home price in the US is ~$250,000 (under 200k in 16 states), and you'd expect it to be on the lower in tiny low opportunity areas.
clavicat 5y ago
>If house prices keep going up it just makes it impossible for young people to start families. Why would anyone want that? Because everyone wants to be a landed aristocrat sitting on a patch of land that effortlessly accumulates value.
hsn915 5y ago
Why would someone in Tokyo care about the cost in Germany? In practical terms it means a family with 2 kids needs both parents working fulltime to pay the bills and save some money. If only one parent works, they better have a really good paying job, or be content with not being able to save any money.