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Japan's population decline does seem to suggest that they are going to have ridiculously affordable housing for the foreseeable future. But most likely a genera

Japan's population decline does seem to suggest that they are going to have ridiculously affordable housing for the foreseeable future. But most likely a general thermodynamics of disrepair over the buildings to come as well. Don't own property in Japan.

downrightmike 3y ago
It's the same as everywhere else. People will move to cities for work because that's where the jobs will be. So buy there.
autoexec 3y ago
> Don't own property in Japan. Maybe don't buy property as an investment, but if someone actually wants to live in Japan, finds a nice bit of land, and can affordably build a nice place for themself in a small town or countryside I doubt the declining population is going to make them think twice.
- spacebanana7 3y ago
  If the decline becomes severe, areas can become difficult to live in. Having schools, transport and shops closing for lack of population sucks.
- incomingpain 3y ago
  >Maybe don't buy property as an investment, but if someone actually wants to live in Japan, finds a nice bit of land, and can affordably build a nice place for themself in a small town or countryside I doubt the declining population is going to make them think twice. Im going that extra bit here. You dont want to own even in non-investment purposes. You propose some solitude life, but that will be a rather bad decision as people will tend to move into the cities because of affordable housing.
masklinn 3y ago
Small / detached residential buildings have never really been valuable in japan, with exceptions: because of natural disasters either you could not expect the building to last that long, or by the time you went around to buy it it was not up to code anymore and you had to tear it down to build a new one. Also while Japan's population declines overall, it also concentrates in a few metropolises, so rural land becomes cheaper, but also ever less attractive. Same with smaller cities. Japan is not going to have "ridiculously affordable housing for the foreseeable future", because the cheap housing is not where people are looking for housing. It's like saying that the US has affordable housing because NM has cheap land.
- jwells89 3y ago
  Relative to US cities, housing in Tokyo is generally pretty affordable. High end condos in the most hot/central parts of the city are still pricy but that’s a small percentage of available housing stock. The places a friend of mine who lives in Tokyo has rented over the years have all been considerably nicer and sometimes larger than what one would get for the same price in SF, LA, or NY while still being in walking distance of essentials and a short train ride away from any part of the city.
- shiroiushi 3y ago
  >It's like saying that the US has affordable housing because NM has cheap land. I think South Dakota might be a better comparison.
lmm 3y ago
Don't buy property you're not going to use, just like you wouldn't with cars or computers or anything else. That ought to be the norm everywhere.

downrightmike 3y ago

It's the same as everywhere else. People will move to cities for work because that's where the jobs will be. So buy there.

autoexec 3y ago

> Don't own property in Japan. Maybe don't buy property as an investment, but if someone actually wants to live in Japan, finds a nice bit of land, and can affordably build a nice place for themself in a small town or countryside I doubt the declining population is going to make them think twice.

spacebanana7 3y ago
If the decline becomes severe, areas can become difficult to live in. Having schools, transport and shops closing for lack of population sucks.
incomingpain 3y ago
>Maybe don't buy property as an investment, but if someone actually wants to live in Japan, finds a nice bit of land, and can affordably build a nice place for themself in a small town or countryside I doubt the declining population is going to make them think twice. Im going that extra bit here. You dont want to own even in non-investment purposes. You propose some solitude life, but that will be a rather bad decision as people will tend to move into the cities because of affordable housing.

masklinn 3y ago

Small / detached residential buildings have never really been valuable in japan, with exceptions: because of natural disasters either you could not expect the building to last that long, or by the time you went around to buy it it was not up to code anymore and you had to tear it down to build a new one. Also while Japan's population declines overall, it also concentrates in a few metropolises, so rural land becomes cheaper, but also ever less attractive. Same with smaller cities. Japan is not going to have "ridiculously affordable housing for the foreseeable future", because the cheap housing is not where people are looking for housing. It's like saying that the US has affordable housing because NM has cheap land.

jwells89 3y ago
Relative to US cities, housing in Tokyo is generally pretty affordable. High end condos in the most hot/central parts of the city are still pricy but that’s a small percentage of available housing stock. The places a friend of mine who lives in Tokyo has rented over the years have all been considerably nicer and sometimes larger than what one would get for the same price in SF, LA, or NY while still being in walking distance of essentials and a short train ride away from any part of the city.
shiroiushi 3y ago
>It's like saying that the US has affordable housing because NM has cheap land. I think South Dakota might be a better comparison.

lmm 3y ago

Don't buy property you're not going to use, just like you wouldn't with cars or computers or anything else. That ought to be the norm everywhere.