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Buying real estate in Northern Japan

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  • Buying real estate in Northern Japan

    This is a serious question.

    With all the people that have left the Fukushima area, has the land/housing pricing gone significantly down?
    Would now be a good time to buy?
    Any areas that you guys expect to go up in value in the future?

    It seems that in a few years time the area will be back to normal, people will start moving back, and new construction may bring some what of a boom to the general area North of Tokyo.

  • #2
    May be if I get it for free ... LOL

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    • #3
      Originally posted by Kiboo View Post
      May be if I get it for free ... LOL
      There actually is free land in Japan today in the country side.
      You can find free or very cheap land all over because of the declining population on the outskirts.
      Specifically, Hokkaido had plots set up for free that I saw maybe 2 years back.

      I would think it very likely the area around Fukushima will also have free land coming up here in the next year or 2.

      Comment


      • #4
        Originally posted by 1standarduser View Post
        It seems that in a few years time the area will be back to normal, people will start moving back, and new construction may bring some what of a boom to the general area North of Tokyo.
        The good old-fashioned contra-cyclical investor. I love them. "What goes down has do go up again".

        Most of them die poor as they don't realize that there is no market-level that can't devalue (another) 90%.
        In areas without near to certain future cash flow this is nothing more than a gamble with very bad odds.

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        • #5
          Originally posted by Tatsuo View Post
          Most of them die poor as they don't realize that there is no market-level that can't devalue (another) 90%.
          I'm not sure how much a free (or nearly free) piece of land dropping 90% would affect the average buyer.
          Could you tell me a little more?

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          • #6
            Originally posted by 1standarduser View Post
            I'm not sure how much a free (or nearly free) piece of land dropping 90% would affect the average buyer.
            Could you tell me a little more?

            Could you tell where you can buy nearly free land (exactly) ?

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            • #7
              Originally posted by Tatsuo View Post
              Could you tell where you can buy nearly free land (exactly) ?
              In Japan? Hokkaido.
              In America? There are several states, notably Alaska.

              I wouldn't call it 'buying' exactly, more like you get the land for free for turning it into a livable place.

              Typed into google, and here is the very 1st thing to pop up:
              http://www.nytimes.com/2008/06/03/wo....13410595.html

              "SHIBETSU, Japan \ "If you build a home and move here, the land is yours free," read a billboard

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              • #8
                Originally posted by Tatsuo View Post
                Most of them die poor
                I'm still not sure how the value of free land dropping can make them poor.
                If you have a paid off home, the price another is willing to pay doesn't seem very relevant.

                Most Japanese have their homes paid off upon their deaths, and want to pass it to their children.
                Maybe you mean that their kids will be poor?

                Should be noted that typically a Japanese house is built of a lower standard than in Western countries, for the reason that they are looked upon as a temporary place that will be leveled and rebuilt later in life or when it's passed on to their kids.
                My in-laws said something like 'you build a house when you have a kid, then another when you retire'.

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                • #9
                  Originally posted by 1standarduser View Post
                  I'm still not sure how the value of free land dropping can make them poor.
                  I have never said this. Please read very carefully, think very carefully and then answer.
                  I have no idea why (especially Americans) always have to change statements of other people to make them fit in their twisted world views.

                  You changed the subject from cheaper prices in Fukushima / the North of Tokyo and the question if it were time to buy there now to the subject of gfree landh. This doesnft automatically mean that all my previous made statements go with all of your new subjects. Even you should understand this.

                  Originally posted by 1standarduser View Post
                  If you have a paid off home, the price another is willing to pay doesn't seem very relevant.
                  If you are a retard it doesnft. If you are a retard it also doesnft matter if you lose 100 bucks on the train and forget about it because you get all confused after you see a girl with a short skirt at the station. If you are not stupid you realize that if you could buy the house you are living in with less money now then the money you have spent on the house for the last 30 years you made a loss and losing 100 bucks is losing 100 bucks no matter how you look at it. Ignoring facts doesnft make it better.

                  Originally posted by 1standarduser View Post

                  Most Japanese have their homes paid off upon their deaths, and want to pass it to their children.
                  Maybe you mean that their kids will be poor?
                  What are you talking about? What has this to do with cheaper housing in Fukushima and your investment targets?

                  Originally posted by 1standarduser View Post
                  c.free landc
                  In Japan? Hokkaido.
                  In America? There are several states, notably Alaska.

                  I wouldn't call it 'buying' exactly, more like you get the land for free for turning it into a livable place.

                  Great! So you are considering getting land that is worth nothing for nothing, pay money to build a house on it that will be worth nothing in an area that is only suitable for people with severe social phobia? You know: Dog crap is also free and so is getting raped by a big black dude in prison. May be, just may be there is a reason why it's free.

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                  • #10
                    Originally posted by Tatsuo View Post
                    You know: Dog crap is also free. May be, just may be there is a reason why it's free.
                    Now, I am confused. Are you saying that even though I can correctly identify in each turd; (blindfolded if necessary, the senses of smell and taste really are the underrated senses in my opinion), the breed, general health and just occasionally, the time of dropping, my collection has no monetary value whatsoever?
                    Last edited by ozzijp; 2012-04-09, 08:23 PM.

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                    • #11
                      Originally posted by Tatsuo View Post

                      If you are a retard it doesnft. If you are a retard it also doesnft matter if you lose 100 bucks on the train and forget about it because you get all confused after you see a girl with a short skirt at the station. If you are not stupid you realize that if you could buy the house you are living in with less money now then the money you have spent on the house for the last 30 years you made a loss and losing 100 bucks is losing 100 bucks no matter how you look at it. Ignoring facts doesnft make it better.
                      This retard is willing to buy a home for $200,000 and then sell it for $199,999 some years later, after I've built equity.
                      For some reason this retard thinks that this 'loss' is better than paying a landlord rent the entire time.

                      Then again, I make my income with real estate.
                      Maybe in your country black people, Americans and retards are all unworthy (and/or are all rapists).

                      Comment


                      • #12
                        Originally posted by 1standarduser View Post
                        This retard is willing to buy a home for $200,000 and then sell it for $199,999 some years later, after I've built equity.
                        For some reason this retard thinks that this 'loss' is better than paying a landlord rent the entire time.

                        Then again, I make my income with real estate.
                        Maybe in your country black people, Americans and retards are all unworthy (and/or are all rapists).
                        I'm really sorry: I couldn't understand your post. Do you want to tell me that you are this retard or that you can't calculate opportunity costs of an investment as a person that is working in real estate ? In your first sentence you use the words "retard" and "I" in a way it can only mean those two are the same person. Could you explain what you want to say ?

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                        • #13
                          Originally posted by 1standarduser View Post
                          This retard is willing to buy a home for $200,000 and then sell it for $199,999 some years later
                          That's great. GP'ers are always willing to engage the disturbed. Admitting that you indeed do have a problem makes it just that much easier. Thanks.
                          Last edited by ozzijp; 2012-04-09, 08:42 PM.

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                          • #14
                            Originally posted by Tatsuo View Post
                            I'm really sorry: I couldn't understand your post.... Could you explain what you want to say ?
                            I am saying you are an ignorant racist. I do not believe you lack the intellect to understand the post however.

                            People buy properties that they know will depreciate in value, and can still be making a better choice than renting.
                            If you own a home for 20 years and pay it off, then sell it for a dollar less than you bought it for, that's often a net profit compared to renting.

                            More extreme examples than just losing a dollar include
                            1) Buying a home on an Indian Reservation, where in X years the home is worth literally zero as it reverts back to the tribe.
                            This is often a spectacular deal. You can sometimes get million dollar homes with a view for half the price of renting or buying.
                            2) Buying a mobile home on rented land. This will assuredly depreciate in value. There are locations offered that when you add in financing can make it so this is less expensive and more desirable than renting.

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                            • #15
                              Originally posted by 1standarduser View Post
                              ...1) Buying a home on an Indian Reservation ...2) Buying a mobile home on rented land. ....
                              Those are fine examples - but just not very relevant to Japan.

                              A person may indeed get lucky - and sell for near what it took to build something. Maybe they found a sucker, or had a place where the buyer needed it to complete a bigger project, etc. - but those deals will not be predictable at the time you originally purchase. If they were - the existing realtors would get there way before you.

                              If you are buying for personal consumption and do not like to rent - fine. But don't bet your future financial health on the odd chance that you might make a profit in a falling market - both prices (current demand) and population (long term demand). Except for exceptional circumstances – your personal abode should be assumed to simply represent consumption.

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