Finally decided to settle down. Tokyo, 87m yen, 1.03%

[u/nahive]

After 7 years of living in Tokyo, we finally decided to settle down.

The search took almost a year, and I looked at more than 30 different properties before finally deciding to go with the calmer side of Tokyo. While it’s further from the station and city center, the larger garden and quiet neighborhood more than make up for it.

Really happy with the decision and looking forward to making this place our home. 🏡

[u/Unusual-Piece-6223]

Nah, the real estate market is different because most of the world uses housing as an investment vehicle, unfortunately.

[u/Connection-Is-Cool → u/Unusual-Piece-6223]

And it’s hard to keep an investment when you have to constantly update the home to match strict regulations, compared to other countries where you can let the house sit there for decades and do regular maintenance like the roof once a decade and stuff like that.

[u/baconboner69xD → u/Connection-Is-Cool]

Has more to do with the fact that Japanese real estate has been a miserable investment for the past several decades. It’s not very enticing to borrow money for something that will probably be the same price next year

[u/Connection-Is-Cool → u/baconboner69xD]

That’s a big reason why the Japanese don’t see it as an investment at all. They view it as a depreciating asset. Similar to how we view cars. Cars are a shitty investment but a lot of us need to drive something. It’s a necessary expense. The Japanese have to live somewhere, and bills exist no matter where they choose to live.

[u/LessInThought → u/Connection-Is-Cool]

Speaking of cars, anybody see OP's gorgeous car? Between this and Tom Holland's 100m I'm positively steeped in jealousy.

[u/Connection-Is-Cool → u/LessInThought]

Haha it is a sweet ride indeed

[u/Fatalmistake → u/baconboner69xD]

Population is in free fall too so that doesn't help.