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Also amongst Japanese people, it seems the consensus might be that Kita-Senju might meet your requirements. That's pretty far out though

@bigoink Ota ward seems pretty good for proximity/cost for now. I think one could argue for the same for places like Itabashi and Kita but honestly some of the cheaper places in those wards are basically Saitama. Personally long term I wouldn't be comfortable holding/living in places like...

@jsgringo I have no idea, and no one really does. If times continue to be good and prices continue to rise, it will probably be worth more. If something bad happens and the good times end, who knows. There are plenty of forces that could push prices in either direction.

@davehtexas Some things I've noticed for new (condo) builds, since I was considering those too: They are already trending at being built for better thermal efficiency (perhaps because of the labeling next year?) and ZEH is definitely trending. While ZEH is not something like passivehaus, it is...

@kitkatmatt I believe you are referring to the tax depreciation of the building but the reality has been a bit different in recent years. Following the usual depreciation math (e.g. things like the "new condo premium"), you would expect condos from about 10-15 years ago to be worth significantly...

@hope4family My post is mostly thoughts on things you would think about right now and how they would affect selling in 10 years. Personally, paying the fees is fine to me if the alternative is my home being in disrepair. A good maintenance company should be able to manage things to make sure...

@southronlady The hard part is balancing this with the reality of the current condo valuations. Suppose interest rates go up and valuations drop, you may find yourself in some deep shit if you find yourself in a position where you need to move.

@hark mostly annoying because I didn't expect to foot the tax bill yet... to avoid the wash sale rule and reset cost basis I guess you need to sell and chill for a bit?

Also, kind of unrelated but after talking to (and listening to) some real estate agents, I definitely have started taking what they say with a grain of salt. Remember that they are just salesmen of used properties (they cannot do new construction, which are sold by the developers). They have a...

@hark wow... first I've heard about this. Maybe I need to consult an accountant now... What a headache.

@davehtexas I have been trying to come up with a list of pros and cons (specifically of used condos) since I'm in a somewhat similar situation to you. Here is what I have so far from my research about it. Pros: Own the place, I can do (mostly) whatever I want to it. Older condos tend to be in...

@heretostayy Didn't SmartNews layoff like half of their engineers recently?

@gingermarie I think you should finish your therapy first tbh. Not good to move when your mental health isn't in the right place.

@dylanrowe1 No one knows.

@artosgalleries the best post on the topic is here: https://www.reddit.com/r/JapanFinance/s/xqH49wzCNQ it's a gamble either way, but personally if I could do it right now I would go variable. My thesis is that the BoJ won't have that much room to go up and might even have to backtrack, and even...

@wizz there is always supposed to be a spread between rent and condo prices, but on average rent prices are up 10% (EDIT: In Tokyo only of course. But cities like Osaka are also on the up and up.).

@wizz https://www.fudousankeizai.co.jp/share/mansion/573/ss2023.pdf check the official report. New condo prices were up about 40% just in 2023 in Tokyo 23 wards. It doesn't explain the increase in Tachikawa, but the report doesn't specifically target Tachikawa. The non-23 wards areas definitely...

@paleouss I heard this too. I also saw some articles about it, but no real hard numbers. Apparently when foreign buyers were banned in Canada it was only about 1-2% of the market. I want to know what the ratio is here.

@resjudicata do you have sources for foreign investors directly causing this? I have seen some articles referencing commercial real estate price increases due to foreign investment, but almost none for residential.

@milagrace2018 Tokyo area yes. Also rents have gone up by 10% on average.