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@haroonshehzad Thanks for the reply. I don't have any hopes about flipping property for a profit here, but it would be nice to come out ahead of paying rent for the same time period. Yeah, I'm more concerned with the qualitative dimension...I'd rather pay for something that makes us happy for...

@arcticwind Thanks so much for sharing your research (and the advice about realtors). Lots of helpful points here.

My partner and I (JP national/PR holder) have been living in a rental 2LDK at 210k/mo for 3 years. We both have permanent jobs in Tokyo, and we've been casually considering purchasing either a house or condo sometime in the next year. Initially, we were more interested in buying or building a...