2 ms·

I’m talking about comparing 1br’s to 1br’s. Japan tearing down building after 20-30 years is, as far as I’ve seen, greatly exaggerated. You see apartment compl

I’m talking about comparing 1br’s to 1br’s. Japan tearing down building after 20-30 years is, as far as I’ve seen, greatly exaggerated. You see apartment complexes all over the place obviously older than that.

seanmcdirmid 5y ago
A two and a half tatami is a one bedroom, just a very small one. Are you comparing square meter to square meter? Also, https://www.rethinktokyo.com/news/2019/02/12/whats-lifespan-japanese-apartment/154994724 https://www.rethinktokyo.com/news/2019/02/12/whats-lifespan-... 47 is the max, rebuilding is possible. Regardless, older structures are cheaper than newer ones. From: https://thetokyofiles.wordpress.com/2016/02/25/in-japan-home-is-where-the-heart-is-for-41-16-years/ https://thetokyofiles.wordpress.com/2016/02/25/in-japan-home... > “half of all homes in Japan are demolished within 38 years — compared to 100 years in the U.S. There is virtually no market for pre-owned homes in Japan, and 60 percent of all homes were built after 1980. In Yoshida’s estimation, while land continues to hold value, physical homes become worthless within 30 years. Other studies have shown this to happen in as little as 15 years.” I’m all for a similar culture in the USA, it would cut down on rampant and pointless residential real estate speculation.
seanmcdirmid 5y ago
Here is a nice video explaining housing affordability in Tokyo: https://www.youtube.com/watch?v=iGbC5j4pG9w https://www.youtube.com/watch?v=iGbC5j4pG9w Notes: * No one thinks of residential housing as an investment, so there is no speculation. * Building codes are such that residential can be built almost anywhere. Japan has zoning, it is just really simplified. * There is no resistance to rebuilding, so it is done a lot (why houses last only 30 years, the market demands new housing). * Housing can be built on really small lots, only 2 meters of clearance is required. * A $300k low end house is around 6-700 SQF, which might not make sense from an American context.

seanmcdirmid 5y ago

A two and a half tatami is a one bedroom, just a very small one. Are you comparing square meter to square meter? Also, https://www.rethinktokyo.com/news/2019/02/12/whats-lifespan-japanese-apartment/154994724 https://www.rethinktokyo.com/news/2019/02/12/whats-lifespan-... 47 is the max, rebuilding is possible. Regardless, older structures are cheaper than newer ones. From: https://thetokyofiles.wordpress.com/2016/02/25/in-japan-home-is-where-the-heart-is-for-41-16-years/ https://thetokyofiles.wordpress.com/2016/02/25/in-japan-home... > “half of all homes in Japan are demolished within 38 years — compared to 100 years in the U.S. There is virtually no market for pre-owned homes in Japan, and 60 percent of all homes were built after 1980. In Yoshida’s estimation, while land continues to hold value, physical homes become worthless within 30 years. Other studies have shown this to happen in as little as 15 years.” I’m all for a similar culture in the USA, it would cut down on rampant and pointless residential real estate speculation.

seanmcdirmid 5y ago

Here is a nice video explaining housing affordability in Tokyo: https://www.youtube.com/watch?v=iGbC5j4pG9w https://www.youtube.com/watch?v=iGbC5j4pG9w Notes: * No one thinks of residential housing as an investment, so there is no speculation. * Building codes are such that residential can be built almost anywhere. Japan has zoning, it is just really simplified. * There is no resistance to rebuilding, so it is done a lot (why houses last only 30 years, the market demands new housing). * Housing can be built on really small lots, only 2 meters of clearance is required. * A $300k low end house is around 6-700 SQF, which might not make sense from an American context.