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I don't understand the housing market in Japan

Sonny Qc

Titanium Belt
@Titanium
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This traditional Japanese house is listed at just 2.5 million yen ($16,130 USD) located in Shikokuchuo City, Ehime Prefecture.

Key Highlights:
• Price: ¥2,500,000 ($16,130 USD)
• Large 10DK (10 rooms plus dining-kitchen) layout

Transportation:
• 10 minutes by car to JR Sekikawa Station
• About 1 hour 45 minutes by car to Matsuyama Airport

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How can you buy a house for the price of a used Toyota Corolla?
 
Taxes and regulations which factor into more than half of the home prices in Canada virtually don't exist in Japan. It is astronomically cheaper to build there.
 
Location is a massive factor, Shikokuchuo "City" is really just a med to small sized town with a population under 100K and looks quite out of the way on Shikoku island.

Very little demand for housing in most of more rural Japan as the Japanese job market is very focused on the big cities, even moreso than most western nations, I'm guessing because home working is less common and long office hours mean you don't want to commute long distances.
 
There are no jobs in rural areas. You basically need to be an expat working remotely or an influencer getting YT bucks making a renovation series. And even then you're still stuck in the countryside with old people and nothing to do. Italy has the same problem. Lovely little rural villages with 15K houses but there's nobody there. No young people, no hot chicks, no clubs, no activities of any kind, just old people selling veggies in the market or w/e. Could do OK as a vacation home though.
 
Location is a massive factor, Shikokuchuo "City" is really just a med to small sized town with a population under 100K and looks quite out of the way on Shikoku island.

Very little demand for housing in most of more rural Japan as the Japanese job market is very focused on the big cities, even moreso than most western nations, I'm guessing because home working is less common and long office hours mean you don't want to commute long distances.
There's tons of abandoned homes in big cities,

Japan’s Abandoned Houses: Crisis or Expat Dream? | Full Episode | SBS Dateline​


 
Having a house there is like having a vacation home since integrating into Japanese society as a foreigner is next to impossible. Unless you marry a Japanese person.

Getting anything beyond a tourist visa is extremely difficult.
 
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