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Tokyo also has earthquakes. Real estate is not an asset that appreciates in value in Japan, because it's eventually damaged or destroyed during an earthquake.
by petre 3y ago
Tokyo also has earthquakes. Real estate is not an asset that appreciates in value in Japan, because it's eventually damaged or destroyed during an earthquake.
- JumpCrisscross 3y ago> Real estate is not an asset that appreciates in value in Japan, because it's eventually damaged or destroyed during an earthquake This has nothing to do with it. Several other real estate markets are seismically active and dissimilar. Japan regularly razed and builds. That, along with limited immigration and a unique monetary policy, keeps housing prices down or depreciating.
- tjpnz 3y agoNot really. If your building is up to code it should get by just fine, and it's not uncommon to see places that are getting bowled. People here prefer moving into a place that's brand new. The land you purchase will retain its value though, assuming you're in one of the main centers.