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> Buildings LOSE value over time. This is not unique to Japan. Buildings depreciate. You only notice it in Japan because general inflation has been close to 0
by onlyrealcuzzo 4y ago
> Buildings LOSE value over time.
This is not unique to Japan. Buildings depreciate.
You only notice it in Japan because general inflation has been close to 0% and sometimes negative.
Also - people in Japan tend to spend much less money updating their home compared to the rest of "The West". If you're sinking 1% of the value of your home into updates annually - the home isn't going to depreciate as much as if you didn't.