4 ms·
A guesthouse in Osaka is 31k USD?
by missingdays 4mo ago
A guesthouse in Osaka is 31k USD?
- Reubachi 4mo agoThe visa requires licensing/registrations and token investments, all aside from the cost of purchasing a home in Osaka.
- cucumber3732842 4mo ago>all aside from the cost of purchasing a home in Osaka Which they were almost certainly divvying up. A bunch of people invest $32k each. Some management company buys the home, pays them all a cut of airBNB proceeds, etc. You don't "do" anything beyond put up $32k for your $31k piece of paper.
- mytailorisrich 4mo ago> Which they were almost certainly divvying up If I had to guess, I'd say probably not in most cases. A lot of Chinese are cash rich (perhaps not on average but with 1.3 billion people the absolute number is large compared to other countries) and want to invest abroad, and are buying properties all over the place. Another piece of evidence is the huge number of Chinese students in UK universities (from my experience) although the tuition fee alone is about £35k ($46k) a year.
- tristanj 4mo ago5 million yen is the company capital requirement. They would form a company, invest 5 million yen into it, then the company would lease an apartment and rent it out on Airbnb. Rent would cost ¥60,000–120,000/month, they would list it on Airbnb for ¥20,000/night, then assuming 50% occupancy the return is ~¥200,000/month. It was very profitable. The payback period for the ¥5 million was 1.5 - 2 years.
- decimalenough 4mo agoAlso, the capital stays with the company! Wind down the company and (if it was profitable) you get your capital back.
- deleted 4mo ago[deleted]
- whizzter 4mo agoIirc there's a scrap-n-build culture in Japan, houses are not really valued compared to land (due earthquake, quality, culture,etc).