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/biz/ - Business & Finance

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File: 40 KB, 769x406, japan tokyo flat prices 1989 peak.jpg [View same] [iqdb] [saucenao] [google]
55036466 No.55036466 [Reply] [Original]

How come Japans housing has been in a bear market for more than 30 years and yet everyone I talk to says Japan is the most expensive place to buy a flat?

>> No.55036478

>>55036466
Because they all want an inner city apt instead of commuting by train.

Cost of building materials is also absurd.

>> No.55036512

>>55036478
Yeah I meant to say Tokyo or Kyoto not Japan. My chart is about Tokyo. Flat prices have also been in a bear market since 1989 even in Tokyo which means no sense because everyone says Tokyo is the densest place ever

>> No.55036778

Because it waa insane. The imperial palace was worth more than california on paper

>> No.55036832
File: 5 KB, 250x120, deadcatbounce.jpg [View same] [iqdb] [saucenao] [google]
55036832

>>55036778
Yes even a small house was worth over 10 million $ in 1980 money.

>> No.55036895

who care about insectoids

>> No.55036982

>>55036466
Expensive for you

>> No.55037069

>>55036466
Cheaper than Sydney

>> No.55037132

The housing thing is because in japan you don't buy a house, you build them. You will never sell a home there, only material to build a new one.

>> No.55037892

I bought a house recently in japan even though it will depreciate to zero. The land will still be worth money in the future and my mortgage is almost the same as what I was paying for my apartment maintenance fees and parking space alone. Comfy 0.7% rate.