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The figures cited for Tokyo are for "newly constructed homes" "The average price of a newly constructed house in the Tokyo area was ¥43.3 million. In central T
by hgfdhgdfhgf 4y ago
The figures cited for Tokyo are for "newly constructed homes"
"The average price of a newly constructed house in the Tokyo area was ¥43.3 million. In central Tokyo, it was ¥60.6 million."
- donw 4y agoThis is a JPY ~80M home in Nerima, one of the cheapest, and remotest, districts in Tokyo: https://www.athome.co.jp/kodate/1013825667/?DOWN=1&BKLISTID=001LIP&SEARCHDIV=1&sref=list_simple https://www.athome.co.jp/kodate/1013825667/?DOWN=1&BKLISTID=... The lot is 100 sqm (1000 sqft) the home is about the same, over two stories. Each bedroom is roughly half of what you would expect in an American home. The kitchen has effectively zero counter space. This is quite common in Japanese construction. For 60M, you’re going to end up at something like 3/4 of that. Without checking, I’m willing to bet that standalone houses in the New York area are larger for the money. Do keep in mind that Japanese homes are designed to last precisely 22 years. So, after 22 years, each of these homes will be worth nothing more than the land they sit on.
- fomine3 4y ago> last precisely 22 years This is myth believed for unknown reason. Let's see many people sign up 35yr house loan.