If you built a house in Japan now for the cost of 100k the house would be worth 50k in 30 years.
Real estate in Japan appreciates like cars, unless you have an especially rare piece of land, it depreciates over time. It’s a bad investment unless you’re actively getting use out of it.
Part of why there’s so much cheap and abandoned land in Japan, there’s no real estate investment structure outside of land near train stations.
there’s no real estate investment structure outside of land near train stations.
So it’s the way it should be, then.
No real “I’m gonna buy cheap land in fuck-off nowhere and build a fucking theme park or whatever and run ads to make sure some idiots make the long trek out to this miserable tivoli of scams and no options. But then other people get the opportunity to settle close to me and compete by selling almost reasonably priced sustenance, and such. And some years down the line we’ve got a shitty pointless desert town going, one with a defunct theme park about raccoons or some shit.”
for $3k i’d buy it just for the land it sits on. who cares about the house
Right? That’d be a solid investment for someone with enough money to replace/remodel the house
Land in Japan only appreciates in large cities. If you buy it now at 3k it’ll be worth 2k in 30 years.
Nah in 30 years it’ll have a real fuckin nice house on it that’ll bring up the value
If you built a house in Japan now for the cost of 100k the house would be worth 50k in 30 years.
Real estate in Japan appreciates like cars, unless you have an especially rare piece of land, it depreciates over time. It’s a bad investment unless you’re actively getting use out of it.
Part of why there’s so much cheap and abandoned land in Japan, there’s no real estate investment structure outside of land near train stations.
So it’s the way it should be, then.
No real “I’m gonna buy cheap land in fuck-off nowhere and build a fucking theme park or whatever and run ads to make sure some idiots make the long trek out to this miserable tivoli of scams and no options. But then other people get the opportunity to settle close to me and compete by selling almost reasonably priced sustenance, and such. And some years down the line we’ve got a shitty pointless desert town going, one with a defunct theme park about raccoons or some shit.”