291–300 of 371 posts
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Think I've heard anecdotes about Tokyo being pretty affordable as well. Quick search shows less than 1/3 of income typically spent on housing, which is much better than major US cities.
Yep. Counterintuitively, housing in Japan depreciates unlike most of the world
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> Where do you draw the line You can own a house and support a family of 5 on a single income and retire at 65. Where I live that is only really possible for SWE, lawyers, doctors, and execs.
You're welcome to move to one of the many, many places in the US where it's still possible.
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I mean... You are looking at a place that is about 250 square feet? There isn't an appetite for offering units that small in the US.
The building codes in most jurisdictions wouldn't even allow such a thing, whether there would be demand for it or not. But the lengths people are willing to go for small apartments in top tier cities (NYC, especially) show that there is be demand in the right situations. Of course, the whole point of living in Manhattan is to not spend time at home. But there are interesting experiments going on. Where I live (Toron…
Would love to see more on the correction you are referencing. So much of the discourse I see focusing on "starter homes." Which, these are not that.
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I mean... You are looking at a place that is about 250 square feet? There isn't an appetite for offering units that small in the US.
The building codes in most jurisdictions wouldn't even allow such a thing, whether there would be demand for it or not. But the lengths people are willing to go for small apartments in top tier cities (NYC, especially) show that there is be demand in the right situations. Of course, the whole point of living in Manhattan is to not spend time at home. But there are interesting experiments going on. Where I live (Toron…
That's very cool. They don't say whether or not it's retroactive, though (I'll bet not). I am astounded at some of the starting salaries, these days. Kids, right out of school, make more than I ever did, at the peak of my career. And can't afford a house. My father never made more than about $40K, but had a house in Potomac, two cars, and a stay-at-home wife. Money ain't what it used to be.
That's very cool. They don't say whether or not it's retroactive, though (I'll bet not). I am astounded at some of the starting salaries, these days. Kids, right out of school, make more than I ever did, at the peak of my career. And can't afford a house. My father never made more than about $40K, but had a house in Potomac, two cars, and a stay-at-home wife. Money ain't what it used to be.
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Also most of the cost of a new house is labor, the inspections and building to code costs very little and is free and government provided in most cases.
That's very cool. They don't say whether or not it's retroactive, though (I'll bet not). I am astounded at some of the starting salaries, these days. Kids, right out of school, make more than I ever did, at the peak of my career. And can't afford a house. My father never made more than about $40K, but had a house in Potomac, two cars, and a stay-at-home wife. Money ain't what it used to be.
What we need is a concerted world wide order of magnitude reduction in the numerical symbology behind money. It’s where a $100 becomes $10 and the same with every currency world wide at exactly the same time. We should do this every 50 years.
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> In Japan, there's a big issue when a snack raises its price 2 cents No, there really isn't. You're looking at one company that "apologized" as a marketing play but outside of that prices have been increasing with no fanfare for years now. The annual inflation rate has been 2-3% for the past 4 years. It's a lot less interesting to write a news article about that though. https://www.stat.go.jp/english/data/cpi/158c.h…
Yeah, and the price of rice has increased way more than that. Heat is making me too lazy to look it up so I wonder if it's gotten better in the past year. But Japanese people are very used to price increases. Granted, accommodation is not one of them. Especially if you compare Tokyo to London, Paris or even Geneva.
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Wonder how it is like in other countries with shrinking populations. Say, Korea. Intuitively, it would make sense for housing prices to decrease when the demand decreases, supply being equal (It's not like housing deteriorates significantly in the short term).
Japan is a bit of an outlier because of earthquake regulations. There is a history of substantially updating building regulations every time a new record is set for largest earthquake in the modern era; and so if you are buying historical, you are buying a less safe property that could kill you. The last major earthquake updates to the code were in 2000, so there isn’t a lot of historical housing stock without this c…
That's very cool. They don't say whether or not it's retroactive, though (I'll bet not). I am astounded at some of the starting salaries, these days. Kids, right out of school, make more than I ever did, at the peak of my career. And can't afford a house. My father never made more than about $40K, but had a house in Potomac, two cars, and a stay-at-home wife. Money ain't what it used to be.
What we need is a concerted world wide order of magnitude reduction in the numerical symbology behind money. It’s where a $100 becomes $10 and the same with every currency world wide at exactly the same time. We should do this every 50 years.