Same thing is happening in Asia. I know a few local towns, one in particular where some foreign guy now has his Japanese real estate license and access to a bunch of foreign investors looking for places. It's becoming an unmitigated disaster. The population of the town is somewhat severely aged; However, rather than that being an opportunity for young people to get a start, this property snake steps in an steals ever…
I don't think your view is representative of "Asia", or even Japan. Housing in Japan is by world standards extremely affordable and generally depreciates in value instead of appreciating, making it a terrible investment. If your town is "somewhat severely aged", that means the youth have already made the call to head for the cities and it's lack of jobs, not lack of affordable property, that's driving that. There are…
I'm not talking about some random country side spots, I'm talking about mountain towns, inline with the article.
"There are a couple of foreign-investor hotspot blips like newly trendy ski town Niseko"
Do you have any idea how much money has gone into Niseko? It's not new and trendy, that's been going on for quite some time now and continues to do so. The people who have made their money screwing that place over are now looking for their next victims.