4 ms·
tokyo home is 1/2 the size of US. Perhaps. How does that equate to "unlivable"? Perhaps it is the US homes which are too large? Compare 1980 and after McMansion
by mellavora 4y ago
tokyo home is 1/2 the size of US. Perhaps. How does that equate to "unlivable"? Perhaps it is the US homes which are too large? Compare 1980 and after McMansions with a standard US home from the 1950-70s urban build-out.
Why should a house be an appreciating asset? With reference to current US building standards which are NOT based on long-term structural integrity.
A car depreciates much faster than 22 years, yet that doesn't seem a waste. What is the depreciation rate on your laptop?
Your claim of "bullshit" only holds if you assume current US cultural norms are the one true way.
- donw 4y agoI never said it should be an appreciating asset. The value goes to zero. By law. A 22 year old used car has more value than a house of the same age in Japan. What happens if you get a job offer somewhere else? Tough shit, you’re gonna eat the cost of however much depreciation has happened on your house.
- fomine3 4y agoIt's just property tax value, not market value. You can find many old houses sold (I don't recommend to buy older than 1981). For extreme case example, 7500kJPY for 59yo house. https://www.athome.co.jp/kodate/chuko/tokyo/list/ https://www.athome.co.jp/kodate/chuko/tokyo/list/ https://www.athome.co.jp/kodate/6976556603/?DOWN=1&BKLISTID=001LPC&sref=list_simple https://www.athome.co.jp/kodate/6976556603/?DOWN=1&BKLISTID=...