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@bigoink A good land in Edogawa ward with about 100 sqm would cost above 50 million right now. Add another 20 million for building. The growth potential is until there is a major flood in the area. I doubt the prices would decrease though, just stay stagnant until people forget the tragedy or...

@ckell19 East Koto-ku, Edogawa-ku. It’s quite possible from what I see and have heard. I think the prices are lower than rest of Tokyo because it's in the flood zone.

@tater27 I'm looking for roughly 80-100 sq m land with 2 story construction. So roughly 125 sq m livable area, 3LDK with study maybe. Somewhere in east Tokyo.

@crosswalk1991 I can see a difference of 10-15 million easily in older and new ones. I usually buy new things, but a house just seems too expensive here. I might still just end up buying a new one, and hope I live in it forever.

@crosswalk1991 I guess I would look at older ones as well. I think I need to increase the ratio of cost of land/building to break even earlier, so naturally would have to settle with something old. Not sure how it will fair in the future though.

@mellie Thank you for your pointers. Really good ones and I really appreciate it. I definitely believe I will be in profit after 35 years, I will have a place to live in and will be able to sell it of needed to get some of my money back. However, my question was at what point can I do that at...

@myfindings Sure, but I'm still trying to get it validated, so please use it at your risk. Japan Home Loan Simulation

@benjohnson1966 That's something I should consider too, yeah. Well it's only making it harder to justify owning property here, isn't it? However if the interest rates do increase, there will be several other things that will happen. The rents will increase for one and that would be something...

@farmer4life Thanks for your reply. I did account for not paying rent, and since I'm still paying EMI and other expenses, I'm actually in negative, in other words, I end up paying more than now. But I'm continuously losing on the value of house. If you don't even believe the land will increase...

@gracia1 Thank you, so I suppose the depreciation is probably the deciding factor on when I can break even. We live in JKK, so no key money, etc. The rents don't really increase either, though I don't know how they will be decades from now.

@notsonicely I do wish it was possible for us to move to a different area, but we have spent some recent years here trying to make friends, and it would be really difficult to start all over again. Anyways thanks for sharing your thoughts.

I am considering buying a house in Tokyo. The area where I live has monthly rents of 175,000 yen for 70-75 sq. mt. apartments including parking, close to station. The houses I am looking at are in the range of 50-70 million, depending on how far from station and how old the construction is...