3 ms·
I 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.
by donw 4y ago
I 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=...