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Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

nytimes.com

31–40 of 84 posts

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#31
post #12

We'd love to but the immigration policies are very unfriendly.

Would really love to see the LDP decide to open up immigration for folks from ASEAN member states. The JICA's infra projects in the region are a strong soft power play, and are getting delivered faster than anything funded by the Belt and Road initiative (or at least when I look at the different projects in Metro Manila, they are).

I would certainly prefer to drive on a JICA-built bridge than a OBOR one.

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#32
post #7

Let me save you from the momentary daydream and predictable disappointment after reading the clickbait article: > Mr. Thursfield and his Japanese-born wife, Chihiro > The couple have spent about $150,000 on renovations, and there’s more to do

Also:

> Mr. Thursfield has done much of the renovation work himself, including woodworking.

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#33
post #12

We'd love to but the immigration policies are very unfriendly.

Would really love to see the LDP decide to open up immigration for folks from ASEAN member states. The JICA's infra projects in the region are a strong soft power play, and are getting delivered faster than anything funded by the Belt and Road initiative (or at least when I look at the different projects in Metro Manila, they are).

Not sure how true it is but an Asian friend told me the race that an Asian hates the most is another Asian...

Looking at the immigration policies of China and Japan, I think he might be right.

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#35

Earlier quoted context omitted.

> So, 20x less renovation than a $4m house in Palo Alto needs. While the comparison of renovation costs is interesting, it seems somewhat arbitrary to use Palo Alto as the sole point of comparison. After all, Palo Alto is widely known as one of the most expensive cities in the United States, so it’s possible that the cost of renovations there could be significantly higher than in other areas. It would be fascinating…

Yes, it would be interesting, because you'd expect materials to cost roughly the same wherever you are in the country (modulo shipping costs), and cost of labor to account for much of the city to city difference. A former landlord of mine, whose house I was renting in Palo Alto at the time (2021), shared that they were planning to kick off a major renovation that would total around 800K$ all-in. That's an absolutely…

Older tradespeople are retiring and younger participation in the trades has not kept up (for a variety of reasons). Labor improvement costs will only go up if you or unpaid help (friends) are unable to do the work. Higher level thesis is structural demographics in general compressing productive worker cohort.

https://www.google.com/search?q=skilled+trades+shortage

https://www.youtube.com/watch?v=89fsWN9lxVs

https://www.youtube.com/watch?v=dpggP9ygO_U

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#36
post #34

I would pick Italy or rural France. But also … I can legally live and work there.

Where do you look for a house in Italy or France?

Try https://www.leboncoin.fr/ventes_immobilieres/offres

It will give you an idea of the prices.

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#37

We'd love to but the immigration policies are very unfriendly.

A while back I looked at how I would score on their "points based" immigration calculator thing. It wasn't good at all. I suspect they will have to have a strong rethink of their immigration policies in the next 10-20 years.

It's very intentional. Japan is largely homogenous and there's a lot of support for keeping it that way.

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#38

We'd love to but the immigration policies are very unfriendly.

A while back I looked at how I would score on their "points based" immigration calculator thing. It wasn't good at all. I suspect they will have to have a strong rethink of their immigration policies in the next 10-20 years.

There's many ways to immigrate to Japan, and the point system is one of the hardest because it gives you direct access to Permanent Residency (incidentally I will apply next year to it) instead of the temporary Work Visa.

As far as you have a degree and a job offer from a Japanese company (both should be related) it's trivial to fill the paperwork to come here. Engineers in particular have it pretty easy, with many Engineering jobs not even requiring you to speak Japanese.

But that's the trick, it's "okay" to come to Japan with a work permit, which allows you to work and pay your taxes but you have to be actively working with those, unless you have switched to PR (which IS a lot harder), or get out of the country. This has been criticized a lot, Japan is very friendly for young professional workers, but will never treat you as one of their own and once there's a sign of trouble you are on your own.

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#39

Earlier quoted context omitted.

> So, 20x less renovation than a $4m house in Palo Alto needs. While the comparison of renovation costs is interesting, it seems somewhat arbitrary to use Palo Alto as the sole point of comparison. After all, Palo Alto is widely known as one of the most expensive cities in the United States, so it’s possible that the cost of renovations there could be significantly higher than in other areas. It would be fascinating…

Yes, it would be interesting, because you'd expect materials to cost roughly the same wherever you are in the country (modulo shipping costs), and cost of labor to account for much of the city to city difference. A former landlord of mine, whose house I was renting in Palo Alto at the time (2021), shared that they were planning to kick off a major renovation that would total around 800K$ all-in. That's an absolutely…

Any high COL will have expensive trades people. Maybe when demand quiets down or more people start chasing money in the trades will prices come down, but it is $800K ATM because that's what it takes to get on the list.

I was quoted $150K for a full kitchen renovation in Seattle. Ugh.

Re: Japan Has Millions of Empty Houses. Want to Buy One for $25,000?

#40

We'd love to but the immigration policies are very unfriendly.

Do you have a college degree or 10 years professional experience? Congratulations, after finding a job you can move here. And on top of that your visa is not tied to your employer so there’s no visa risk if you find a better job on the spot ([0])

There’s some immigration stuff that’s tougher, but based off everything I’ve heard from dealing with Anglo countries or the EU, most people on this website would have zero problems dealing with immigration.

[0] technically the high skilled professional visa is employer-associated but people doing these jobs can easily pay to navigate the subtleties in any job change

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