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Japan Is Giving Away 8M Abandoned Houses

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61–70 of 410 posts

Re: Japan Is Giving Away 8M Abandoned Houses

#61

The US saw similar efforts in Detroit and other Rust Belt cities. That mostly just resulted in asset flippers hoarding houses and letting them fall into further disrepair. I wonder what steps Japan is taking to mitigate that possibility.

I've seen programs like these where you have to live in the house, which is a good solution.

Re: Japan Is Giving Away 8M Abandoned Houses

#62

The US saw similar efforts in Detroit and other Rust Belt cities. That mostly just resulted in asset flippers hoarding houses and letting them fall into further disrepair. I wonder what steps Japan is taking to mitigate that possibility.

Detroit: If you have a credit card and a want to own an apartment building, it is the place to be. Just needs some elbow grease. There MUST BE opportunity at $5 USD per square foot -- but it is hard to visualize. https://www.point2homes.com/US/Multi-Family-For-Sale/MI/Detr... [I think you can talk this guy down to $10k].

[deleted]

Re: Japan Is Giving Away 8M Abandoned Houses

#63

So wait, there are places where there are houses being given away (e.g. US, Japan and Italy as far as I know) and I'm a person that has the ability to work remotely. Am I missing something? Is this my ticket to cheap housing and a more stress free life? At what point am I going to be scammed and/or disappointed?

don't forget about property taxes and HOAs. sometimes the property taxes can be higher than the value of the house. just watch out.

Re: Japan Is Giving Away 8M Abandoned Houses

#64

The US saw similar efforts in Detroit and other Rust Belt cities. That mostly just resulted in asset flippers hoarding houses and letting them fall into further disrepair. I wonder what steps Japan is taking to mitigate that possibility.

Detroit: If you have a credit card and a want to own an apartment building, it is the place to be. Just needs some elbow grease. There MUST BE opportunity at $5 USD per square foot -- but it is hard to visualize. https://www.point2homes.com/US/Multi-Family-For-Sale/MI/Detr... [I think you can talk this guy down to $10k].

If they’d throw in a working visa I’d be intrigued

Re: Japan Is Giving Away 8M Abandoned Houses

#65

Solution to SF homelessness problem.

i don't know why this is being downvoted. the core idea is a good one. Start moving people away from expensive areas and have them populate areas like the rust belt where housing is much cheaper. Detroit is pretty cost effective as others have mentioned.

Re: Japan Is Giving Away 8M Abandoned Houses

#66

Earlier quoted context omitted.

Detroit: If you have a credit card and a want to own an apartment building, it is the place to be. Just needs some elbow grease. There MUST BE opportunity at $5 USD per square foot -- but it is hard to visualize. https://www.point2homes.com/US/Multi-Family-For-Sale/MI/Detr... [I think you can talk this guy down to $10k].

If they’d throw in a working visa I’d be intrigued

Starting a construction / rehab company might work.

Re: Japan Is Giving Away 8M Abandoned Houses

#67

The US saw similar efforts in Detroit and other Rust Belt cities. That mostly just resulted in asset flippers hoarding houses and letting them fall into further disrepair. I wonder what steps Japan is taking to mitigate that possibility.

Detroit: If you have a credit card and a want to own an apartment building, it is the place to be. Just needs some elbow grease. There MUST BE opportunity at $5 USD per square foot -- but it is hard to visualize. https://www.point2homes.com/US/Multi-Family-For-Sale/MI/Detr... [I think you can talk this guy down to $10k].

"Elbow grease" isn't going to fix major structural or infrastructural issues. I'm sure you were being funny, but most of those structures are tear downs.

Re: Japan Is Giving Away 8M Abandoned Houses

#68

Earlier quoted context omitted.

Detroit: If you have a credit card and a want to own an apartment building, it is the place to be. Just needs some elbow grease. There MUST BE opportunity at $5 USD per square foot -- but it is hard to visualize. https://www.point2homes.com/US/Multi-Family-For-Sale/MI/Detr... [I think you can talk this guy down to $10k].

If they’d throw in a working visa I’d be intrigued

This is how you build "new cities" [1]; pair startups with working visas and tie it together with funding and resource commitments (cough cough PlanGrid et el) to bring dilapidated housing back into inventory. Inexpensive corporate housing with you bootstrapping the culture and the community core.

[1] https://cities.ycr.org/

Re: Japan Is Giving Away 8M Abandoned Houses

#69

So wait, there are places where there are houses being given away (e.g. US, Japan and Italy as far as I know) and I'm a person that has the ability to work remotely. Am I missing something? Is this my ticket to cheap housing and a more stress free life? At what point am I going to be scammed and/or disappointed?

The point where these houses have no insulation in the walls, no air conditioning or heat and a septic system that must be manually pumped.

Have fun in winter!

Re: Japan Is Giving Away 8M Abandoned Houses

#70

So wait, there are places where there are houses being given away (e.g. US, Japan and Italy as far as I know) and I'm a person that has the ability to work remotely. Am I missing something? Is this my ticket to cheap housing and a more stress free life? At what point am I going to be scammed and/or disappointed?

The point where these houses have no insulation in the walls, no air conditioning or heat and a septic system that must be manually pumped. Have fun in winter!

Also the location often means that you need to travel (an hour or more each way) for basic amenities and fuel, in some locations you might get snowed in at winter.
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