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Housing in Tokyo is cheaper and more spacious than people think

konichivalue.com

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Re: Housing in Tokyo is cheaper and more spacious than people think

#52
post #38

Earlier quoted context omitted.

If you replace "Buffalo" with "an hour out of NYC" his point still stands.

Except that housing an hour out of NYC seems to be more expensive than the housing the article talks about.

I don't know - an hour out of Penn Station takes you as far as places like Wyandanch on Long Island with the LIRR, or Stamford, CT with the MNR.

Re: Housing in Tokyo is cheaper and more spacious than people think

#53

As someone being in Tokyo right now chatting with locals about this topic it's just not generally true or comparable to other cities. Sure there are parts of Tokyo that are cheaper, but Tokyo is gigantic. All the places that "matter" with reasonably fast commute are very expensive and small.

I live in fujisawa, takes me about 30 minutes to get to Yokohama which is pretty damn major. House prices here are quite reasonable, nice distance to the ocean for the weekends. I'm considering buying and building a house in the next year or two.

[deleted]

Re: Housing in Tokyo is cheaper and more spacious than people think

#54
post #19

The article makes a major mistake: it uses Tokyo Metropolis (Tokyo-to, basically "Tokyo State", area 2,194.07 km2) for comparisons, not central Tokyo (23-ku, aka the former Tokyo City, area 619 km2). So it's basically the same as saying houses in New York are much larger than those in Paris, because you're comparing all of New York State including housing in Buffalo etc with the 20 arrondissements of central Paris. >…

Agreed, this article is basing it's numbers off of this (linked) study: https://s3-eu-west-1.amazonaws.com/airdrive-images/wp-conten... If you view page 6 and 7, you'll see why these numbers are largely irrelevant since the boundaries for all the "cities" except NYC (which is the 5 boroughs) include the large swathes of suburbs/exurbs around the city. A study looking at 23-wards vs Inner London vs City of Paris would…

JPY is poised for an astronomical fall. The government cannot both keep servicing debt and buoying the currency . Those houses will appreciate in value JPY denominated and crater in terms of USD.

Re: Housing in Tokyo is cheaper and more spacious than people think

#55
post #43
post #37

I'm looking at buying next year. Unlike where I'm from (New Zealand) property in Tokyo is better quality (although that's not really difficult) and dare I say cheaper.

I've also heard it's rather easier for a foreigner to buy than to find a willing landlord...

That's a stretch and it is hard to get a home loan in your first years. It is true that when searching for a rental you will probably come across landlords that don't rent to foreigners, and more that won't rent to Chinese people. Many landlords also expect you to speak at least some Japanese.

That being said, it's competitive only for average sized/priced places. Both low end and above-average properties are easier to rent.

Re: Housing in Tokyo is cheaper and more spacious than people think

#56
post #38

Earlier quoted context omitted.

If you replace "Buffalo" with "an hour out of NYC" his point still stands.

Except that housing an hour out of NYC seems to be more expensive than the housing the article talks about.

New Jersey and Long Island are not more expensive than what the article talks about.

Re: Housing in Tokyo is cheaper and more spacious than people think

#57
I think measuring per person is pretty misleading.

A single person living in a 25m^2 appartment would be quite cramped.

A family with two young kids living in 100m^2 is pretty spacious.

So if you look at living space per person, then societies with smaller household sizes will appear to have more living space per person.

so if you measure that, you also have to compare how many people are in households as well.

Re: Housing in Tokyo is cheaper and more spacious than people think

#60
post #5

Paris, London and New York - the key points of comparison - aren’t exactly known for their spacious housing. One other point that many of the Tokyo fans don’t acknowledge is how extraordinarily ugly the place is. Sure, it’s clean (more than you can say for New York) but clearly nobody in Tokyo cares about what their house looks like from the outside. And I’ve never seen more miserable public parks in a developed coun…

Not just Tokyo, but the whole of Japan. I live in Aomori, I have traveled quite a bit around the country, and I haven't seen yet a single city that wasn't extremely ugly. I have asked many Japanese people, and they just don't care.
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