Japanese accommodation agencies Leo Palace, mia houses etc you pay all those unnecessary fees like key money, non-refundable deposit, agency fee because it's a corrupt market. Yakuza own the rental accommodation market and you’re paying a slice of it in useless fees.
The telltale sign of corruption is an uncompetitive market place, where there are factors which inhibit competition. Why do all the Japanese rental agencies charge the same ridiculously high fees? What's stopping a new business from charging reasonable fees and taking the market share?
I chose to avoid this by renting from a foreigner who didn't subscribe to the rental market norms. And saved a bundle!
The telltale sign of corruption is an uncompetitive market place, where there are factors which inhibit competition. Why do all the Japanese rental agencies charge the same ridiculously high fees? What's stopping a new business from charging reasonable fees and taking the market share?
I chose to avoid this by renting from a foreigner who didn't subscribe to the rental market norms. And saved a bundle!
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