Is buying real estate in Japan considered a wise/good investment?
2007-05-02 07:30:33 · 6 answers · asked by Anonymous in Travel ➔ Asia Pacific ➔ Japan
Basically, land prices are VERY LOW right now. They topped out around 1987-89. Then the economic bubble burst marking the largest erasure of wealth in modern history. The real estate market has never fully recovered and now is the time to buy land.
If you want to buy, BUY NOW. I did. but if you are just looking for investment options, stocks would be a better bet. I am a permanent resident. Only foreigners with permanent resident status can apply for loans. So unless you are rich and can by for straight cash, you can't buy. I bought land and built a house on it. I used to live in the public housing facilities. Very cheap until the laws changed that took set rent out of play. Now, monthly my payment for my land and house are cheaper than what I used to pay in rent. When I was renting, I constantly felt as thought I was throwing my money away. Now, I feel like I am really investing in the lives of my family and myself. I don't regret it one bit. I totally recomend it.
2007-05-03 00:36:57 · answer #1 · answered by Looking for the truth... 4 · 0⤊ 4⤋
In my opinion, the majority of Japanese think the property price won't be cheaper than now. So if you think some property price is reasonable, maybe better to buy.
But personally I'm hesitate to buy a house in Japan, because I'm worried about natural disasters, such as volcano eruption, earthquake etc.
2007-05-02 16:06:25 · answer #2 · answered by h_o 2 · 3⤊ 0⤋
actually for us buyng was cheaper and we now lve in a MUCH bigger place.....we built on land that was already owned by my husband`s family though. Land prices are the killer.
My friends are all doing this now though without a company job (for 4 years) and a guarantor borrowing money is impossible. My husband stayed in a company that was going under so he could get the morgage......then ran to get a new job as soon as he signed the papers.
Apartment buildings are being bult in central Tokyo now and prces have gone down from the crazy bubble time.....so it is now the time to buy....before the recovery pushes the prces up again.
Needless to say, if you are a foreign couple or the foreign one is the man.....things are even harder!
2007-05-02 09:08:18 · answer #3 · answered by psychokitty 4 · 0⤊ 3⤋
It relies upon on how a lot to employ vs. the fee of a sparkling gown. you could also run an advert on your close by paper to make sure if every person has your gown your length and attempt rummage sales round city.
2016-11-24 21:03:47 · answer #4 · answered by wesby 4 · 0⤊ 0⤋
Renting is very high. Buying is even higher.
2007-05-02 08:03:26 · answer #5 · answered by Smelly Cat 5 · 3⤊ 0⤋
depending on many factors, such as how long you'd be there,
how much you'd pay for the rent, which you'd live, etc etc
2007-05-02 07:37:02 · answer #6 · answered by Hitoshi 4 · 3⤊ 0⤋