How an Average Family in Tokyo Can Buy a New Home
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- เผยแพร่เมื่อ 23 พ.ย. 2024
- Coming to Japan from Canada (and the crazy housing market that is Vancouver), I was surprised to find out that the average family could afford a brand new house, even in the city of Tokyo. In this video I explore how this is possible.
CORRECTION: The stats I gave for median annual household incomes in the United States and Canada are not quite right. I explain why in this video • My Trouble With Stats ... .
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CORRECTION: The stats I gave for median annual household incomes in the United States and Canada are not quite right. I explain why in this video th-cam.com/video/61FnnmvFhHY/w-d-xo.html. The numbers should have been higher for both countries.
Life Where I'm From are you buying a new house?
Life Where I'm From wheres akio?
Hello Life Where I'm From, greetings from Portugal. I've been watching your videos since the very 1st one, and I've got to say I've always been in love with Japanese culture, but watching your videos makes me want to move to Japan even more. I'm a graphic designer and illustrator, currently halfway through my Masters Degree, I don't speak any Japanese, even though I plan on learning as soon as I have some financial stability, but I do speak English and Portuguese of course. Do you think I will have any chance at all? I'm not quite sure how the job market goes on Japan, and even though I've searched online many times, it is not that helpful, and it lacks a lot of information.
I loved your video, it was really informative, keep up with the good work :)
Say Hi to Shin and Aiko for me, they are the most adorable kids I've ever seen.
Life Where I'm From Yo I live in Burnaby too!!!!
I like that you mentioned burnaby like its famous like sidney. I am from burnaby*
I came here for a house tour, ends up learning about Japanese housing. I am neither Japanese, nor close to living in Japan. Im also 15.
Good ! When i was 17, my hobby was designing my own floor plans for my future home. I had hundreds of my own creations without even geting learned anything from anybody. I was a commerce student )
mxrtin cxstillo same but 18
mxrtin cxstillo congratulations ur learning about the world
mxrtin cxstillo That's quite good for a 15 year. Keep it up.
hahaha you will need this one day
Not even in japan, not even buying a house...why am I watching this?
Zerviscos I'm also not even understanding English very well
Zerviscos it satisfying
Because you're too lazy to work
Cause you have herpes.
I love it.
I love how Japan can be so modern, with some very pretty well-kept architecture, and that they keep everything so clean, organized, and colorful.
At the same time, you have to carry cash everywhere because contactless cards are rare and online banking is not well developed, Japanese bureaucracy is ridiculous and you have to fill out a ton of paperwork for everything - nothing can be done online for the most part - people take 10 days off work to move house because the process is such a nighmare, hell offices still use fax machines. It's an interesting dichotomy of ultra modern in some ways and stuck in the past in others.
That’s fine haha
@@ryanscott6578 its so weird to think that major cities in china use contactless payments and japan still uses cash. in america, i can't even stand using swipe credit cards anymore lol.
@@AlexSchwartzATV I want Japan. I do not mind carrying coins. Fax is safer than any message system.
@@AlexSchwartzATV In Russia, I can pay on the bus with NFC, pay taxes online, and there is a mobile application of government services, but this is pointless if the economy is fck up?
When my dad said we're living in a mansion in Japan I couldn't believe it, and then...yeah
ur living the dream
Ahh I see....
mansion in japan has different meaning....
@@thiya4627 means apartment
Wew cool
You can get a comparable house for $80,000 USD in Tokyo, Nebraska.
That's too much.
Lmao
@GamingTV tokyo nebraska is in america LMAOO
JasC JVlog I agree. Who wants to live in Nebraska?
1mil here in California orange county
Buying a home in London is impossible for an average family unless you're mega rich or leave London and buy a house elsewhere
Hee Tee Same or worse in Hong Kong. Let's weep together lol. At least London has a vibrant sophisticated culture. Hong Kong has become a prostitute for materialistic tourists.
I feel you... Same in Barcelona :(
Ditto Los Angeles area. Hence the youth staying with their parents in record numbers, delaying starting families of their own. Prices change the whole societal structure of life.
Same with quite a few areas of the US also. My husband and I left the state we were born in because there was just no way to afford a house in a decent town there. We are happy where we live now but wonder if our kids will even be able to afford to stay here.
yup! most families in London have a mortgage to pay off.
my family live in east London, not even IN the city, but the house prices are ridiculous ! lol
mum and dad took out a mortgage or our current house 20 years ago? and still have like 10/20 years left on it lol
but what about the Godzilla situation?
erikponciano Dave Chapelle resolved it 12 years ago.
everytime i was in my tiny apato, and eating karage watching friends, for some reason when i felt a shake, i thought of godzilla, it was certainly very frightening, really, i smoked out just to calm the nerves then i had to go to 7 eleven and buy more onigiris and chu hi
im more concern about tsunami situation
erikponciano so for that reason I'm out
erikponciano there's NERV for that
I'd much rather have a small home in a safe, world class city like Tokyo where there are endless things to do and see, than 10x the land on some boring midwestern US suburban cul de sac, where you are forced to use a car to get anywhere, and its culturally dead
Edit: This comment really blew up, so I wanted to underscore a few points:
- The houses *are* smaller there than what you'd usually see in the US, but by making the region compact and walkable, you extend the notion of your frequent 'hangout places' from just your house to your neighborhood and downtown area, all of which are quickly accessible by bike or on foot
- There are also smaller yards, but that allows the houses to be more compact, which allows more people in a given area (population density), which creates the capital necessary for things like lots of nearby parks, more and more varied businesses and shop, and of course Tokyo's legendary rail system (one huge reason ubiquitous rail isn't really doable in the US is there often isn't the population density to justify the costs per mile)
- Greg posted in an older video about how Tokyo is like a city of many small towns. In these small towns, you will see lots of adults, parents with kids, and even kids by themselves walking to school and elsewhere around town. When more people are out and about more often, the more random/unplanned encounters you have. This boosts familiarity of your neighbors, as well as visitors. More human interactions help foster more sociable people. With kids it teaches them how to behave and interact better with adults in real life scenarios (there is even a whole TV show in Japan about sending young kids off to the store alone for the first time to get a simple thing or two from the shop keeper). Contrast "soccer moms" who have to chaperone their kids to school, to structured "play dates", as well as neurotic adults who grew up in US suburbs isolated from many experiences and distrustful of strangers as a default behavior.
- Lots of people out doing daily things also increases what Jane Jacobs called "eyes on the street" - the notion of lots of people keeping informal tabs on the neighborhood against, say, theft and break-ins (probably not a huge issue in Japan anyway :P)
zephc Omg so true!
even I despise travelling via car and depend on public transportation to travel throughout a city
zephc You make a great point. Land isn't everything when you weigh it out with the quality of life and your wants, dreams, and needs.
zephc EXACTLY!!! Living in the US basically means that i have to go EVERYWHERE by car, and i have no freedom in going everywhere i want.
Agreed 100%. Sure the city isn't for everyone. I hate it when I see people say crap like 'I can get a mansion in blah blah Arkansas for that price' and I'm like, that's great, having fun living in a crappy place with nothing to do. There may come a point I'll want a quieter life, but until then, its the hustle and bustle for me!
Maybe you think living in small town/city is crappy, but some find it fun or relaxing. Not everyone needs bars and night clubs to have a good time. There is a lot you can do with land in a "crappy place", more than you are allowed to do in a big city. Like the guy above said, its about your quality of life. You say you hate when you hear someone say they can buy a mansion in the middle of no where, well maybe they hate it when you say they live in a crappy place.
Living in an increasingly unaffordable San Francisco Bay Area city where a development for just three homes was strung along for months by the city council and then had its demolition permit denied. Hearing that quote by the planner at 10:39 made me weep.
We live in a prison
This is wonderfully researched. A rarity on the internet these days, thanks!
I lived in Edogawa for a while. Love that place. Close enough to the major hubs of Tokyo to be convenient, but far enough away to escape the city crowds.
Tokyo public transport is so convenient that, regardless of where you live, it's almost impossible to be inconveniently placed.
C0192ll_ isn't the overcrowded aspect of it really bad . Public transport is nice but very crowded
I’ve been living in Edogawa for 10yrs
It’s amazing
Heh.
C0192ll_ l
The beautiful thing about countries that are occupied 75% by mountains is that they must find a way to be more efficient. In the US, because we have so much space, suburban sprawl is a nightmare. Few other countries have this problem (maybe Australia) where you have to drive every where to do every single thing.
It looks like Japan has done it just right though, good public transportation, zoning laws , combined with the freedom to build whatever you want. The pencil homes and micro apartments could be the future. I traveled to Tokyo a few years ago and was surprised by the fact that it's actually more a low-rise city than an overwhelming mega-lopolis. Coming from the US, which is so centered around the auto industry, I found the local markets, noodle shops and convenience stores fascinating. Anyway, thanks for the video., keep up the good work.
In Canada it's worse, imagine 35 million people in the 2nd largest country in the world, everything is so spread out we have to drive everywhere.
Agreed. Partly why I want to become an urban planner
Mario that’s awful, I love the space and scenery American suburbs offers.
yup live in australia and can't easily walk to things in the suburbs!
Caleb Gallegos Sounds about right. Urban planners do like to try to force people into their tin can communist paradise rather than give people what they want.
That's why I live in Hokkaido.
A 3 story, 6 bedroom mansion goes for 400K here
Wow. Is it easy to find jobs there?
FM R depends on many things.
If you are a native English speaker then yes. You can easily find teaching jobs.
Bruno Danese I have a good pronunciation but sadly isn't native English speaker. So, living there should be hard :D
Being an actual native is not that important. What really matters for employers is how well you can lead a class full of wild children
Bruno Danese That's great. But as an Asian, I know that most employers would pick a stuttering European than a fluent Asian.
Everybody I know: "Housing in Japan is way more expensive than here"
This video: "No"
Of course not 🤣 im a foreigner living in Tokyo. I bought my house here 4 years ago ( in Edogawa !). And now thinking about buying a second house somewhere in rural area.
@@tb1527 Not at all !!!
@@azabujuban-hito8085 damn... Ur living my dream... Wish u luck there and nothing but success! I will some day go to Japan and live there
@@xN3vUr4H Thank you. I hope someday you can achieve your dream.
living a quality life in japan is super expensive otherwise you live in an tiny apartment all cramped so yeah Japan is expensive country.
The next big hurdle to get over is finding a realtor that will sell to foreigners. My friend had realtors literally tell him “we don’t sell to foreigners”.
I guess you could mediate through a Japanese friend? Though I've heard realtors being very mad about doing it like that.
No I think their smart for not selling to foreigners
@@lvzyours Why exactly? If a foreigner is contributing to the economy and can speak japanese at basic fluency, should they not be allowed to buy housing?
@@ronaldvanas9492 Judging by the side effects of Europe's openness I can understand why they might not want to sell land to foreigners.
@@tzetzo_tzetzov for example London, that almost doesn't have native London ppl :(
Wow, I really appreciate how much time and research you put into this video for us. I live in the middle of the desert 70 miles away from Mexico and it is far different here than what you are sharing!
Thanks!
Why everything is so aesthetic in japan
I don't see it
Bruh fr
Ikr
They're a detailed people as a whole
**clears throught**
because
J A P A N
I really like the mix-use zones of the residential areas, really makes you feel connected with the communities, where in America I can't even get out of my home owner community without a car..
It's amazing what you can accomplish when you get rid of zoning and actually allow people to build more housing whenever and wherever they want
Cities only thrive when they are allowed to be organic.
There is zoning in japan and it makes sense. American zoning is absurdly bureacratic and anti walking.
@@jeremyjackson7429 The US is trying its damnest to keep slavery alive. I HATE living in the US and am doing everything possible to go remote so I can leave again. Many immigrants who come to the US also leave because it is not how it is portrayed in movies. My family used to work with refugees from Sudan and many of them went back. A country that has been plagued by internal war for decades. Truly I think the US is the worst country on the planet and I would give anything to live anywhere else.
@@jeremyjackson7429 North America have this weird concept of applying suburban designs with huge house and large yard to everywhere from outside to the inner city. While rural villages have no problem applying this concept, cities are not the right place. Inner cities should have their own urban design codes that allow middle-size apartments and smaller street suitable for walking. Cities should be build for people living in it like Tokyo, not for people living hours away like Toronto.
As an urban & regional planning student, this video was so interesting to give an outline about housing and the policy of Japan especially in Tokyo! Awesome! Good for comparation studies in specific about land and housing.
So many people seem surprised to find that property costs vary substantially from country to country. Yeesh.
I think that's normal. Like checking the prices of the stuff in the market and it makes you "whoa".
genjii931
It's probably because they have local governments that don't do anything to address the housing shortages where they live.
In the San Francisco bay area it's ridiculous how much housing costs and every new development project can be held up by people filing court cases over every tiny detail they don't like. It's disgusting.
Personally I think it would be wierder to travel the world and find out all land costs the same everywhere. Prices should vary, this is totally natural and yah its weird that people dont expect it.
those hundred dollar houses in detroit are usually condemned with homeless people living in them. With no utilities and broken houses as neighbours. There is a reason those houses are so cheap.
Surprised by the difference probably not by fact that they vary.
This is gonna sound weird for a 16 year old but I love this channel and its videos to see what its
like in places i dont live
Doesn't seem weird to me, thanks for watching!
iy626 What's weird about it? This is your world, too. Be interested in everything.
I was born in Tokyo and its crazy awesome, endless things to do and everyone is so polite. Really makes me proud to be half Japanese.
I am living in Frankfurt, Germany and a new modern 120 square meter house costs minimum a million euros. I love japan and have an eye on a house in Tokyo.
hast du dir das haus geholt?
Imagine if the bay area had those zoning laws. Basically all the problems fixed
If all of California had those zoning laws, especially LA
Just need to limit or eliminate investment in housing. Far too many of American homes are held by investment companies as a means of income, which is pricing average American families out. Same time, we suck at building multi-housing units large enough to accommodate families without stacking people in bedrooms like prison cells.
Not quite. Another thing that’s needed is the transit system
i like japan. its surrounding is clean and beautiful..
but inside people house s are dirty
el malan malan really?
@@guessedkatie japan everything looks good on the surface when you lived here you realized there is another japan.
el malan malan oh I didn’t know
Just don't, literally don't practise orthodox islam there.
Next video, How to get a job or career in Japan?
I have some videos about working in Japan... but at the moment it's not covering the how part, just the what it's like part.
Life Where I'm From l l l l l l l l了。。
I'm planning on working in Japan in the future. I'm keen on the job career and citizenship (if you're making one).
Life Where I'm From Okay I'll check it out. Thanks for the reply.
english teacher bruh it's like super easy to become one just they could put you anywhere in Japan..
Love the fact that you can own a house near or in one of if not the biggest cities in the world on a normal salary. I choose to buy in Saitama tho, which is still pretty close to Tokyo. I'm from Vancouver as well an you need to an NHL star to be able to afford a house in Vancouver.
Please explain to the rest of us(by normal salary)?
@@vinsokukan1879 not needing to be a manager to afford a house I'd say.
@ITHEREONETHATHASNT if they had just built enough housing for the numbers of people they want living there. Instead they don’t want people to have babies and think the isn’t enough space for wildlife. People need to look at a map.
@ITHEREONETHATHASNT Every TH-cam video has that one alt-right comment xD
@ITHEREONETHATHASNT Not quite true. Canada has a bunch of unused land. Too much honestly. But their zoning laws and property rules prevents development for most areas.
The quality of this video is on another level. Congratulations from spain
The zoning law info and examples at 8:00 and beyond is great, very well presented
i got a headache from all that math.
lol I didn't recall any math that would even give you close to any even a migraine
Whatever Aristotle.
@Rick Deckard Me too. Numbers, in general, give me a headache. Couple that with the cartoon-ish way that Japan presents everything...well, pass the Advil!
Rick Deckard same
😢😢😢😢😢mee tooo
ugh....now I want to know MORE!! Cannot wait til you add to this video with new ones...
Well done episode, Greg! Love Edogawa Ward :) -john
+ONLY in JAPAN haha ;-)
Well done but he forgot the most important thing. Distance from the closest train station in Japan is KING! He should have stressed that. I live in Kanagawa in a medium size house and it was about 370,000$. Why? I'm 10min walking distance from the train station.
300,000$ in Edogawa-ku... that house must be tiny and in the middle of nowhere.
ONLY in JAPAN I live in Canada and you can drive on an open highway for over 15 hours and still be in the same province
+Luc Sasaki how long have you lived their
This is so exciting I can’t wait for more. I’m slowly realizing I want a home there one day!
Once went to japan, and my heart left there 😍
Aren't we all? 😄
Left my heart there the first time I went. And has been visiting my heart every year, prior to the pandemic.
Big fan of Japanese cities. I'm a Canadian urban planner who lived in Japan for four years. Although the houses are smaller, the houses and cities use space very efficiently and so there are many amenities near by. Nice analysis between Burnaby and Japan. Interesting that it's basically the same net cost per area, but in Canada you're paying for land that is rarely used (yards, especially the front yard). I'd much rather have a denser urban environment like in Japan with many amenities outside my front door (and a cheaper house!), instead of dead space.
Do you have a urban planning background? Seems like you have a pretty good understanding of the basics of urban planning.
Thanks, I'm a fan too! My brother and mother have studied geography / city planning and work in relevant government departments in Canada. I studied business. I got into cities and urban planning while filming at UBC, where I'd have to record lectures from special presentations. A lecture series was done on liveable cities, which really sparked my interest.
Since the culture is so different there, the planning considerations there are also much different, it is all soooo interesting.
Yeah it's much better to live like an ant in a densely populated concrete hell. Please get your weabooness checked.
Different strokes for different folks I guess, but don't knock it until you've tried it my friend, Japanese cities are FUN.
Light reading for you: urbankchoze.blogspot.ca/2014/04/japanese-zoning.html
4:20 . saitama's apartment XD
TATAKAE ! HEROOOO !
In the first part, it was more like 4:12
30 Minute train ride and I am halfway across my country :P Scale difference is insane. Netherlands so tiny.
No I don't I have to drive 30 mins in train just to get to my university which is the heart of my city 😓
It's a half hour train ride across my city
I drive half an hour to work everyday, and the distance across my state is tiny.
Having ridden the subway/train system in several cities across the world, it is important to remember that the 30 minutes mentioned isn't necessarily a straight shot. The train will stop at multiple stops which increases the overall time. If it only used the initial stop and final destination, the time would be greatly reduced.
lol My state doesn't even have train :\ we have these ghetto bus that only go through the metropolitan area, otherwise you gotta take a car. To get from one end of my state to the other is about 4-5 hours.
wow, just saw the chevrolet suburban at 4:32. seems pretty brave to own it in tokyo.
lmao right? i just noticed that as well.
I love this video so much! You answered questions I didn't even know I had from when I lived in Japan.
When comparing income in Canada and Tokyo it is important to mention (like in one of the last sentences of the video) that in Tokyo you usually don't need a car. The price of an average car including all costs (including the price for the car) is at least 500 Dollars per month. This compared to the costs of the loans that are mentioned shows how relevant that is.
$300,000 is expensive? Come to Singapore.
Nasrullah Zaren Come to Hong Kong.
Come to Sydney One bedroom apartments range from $500,000 to $800,000. Houses range from $800,000 to $4,000,000 with the average house around $1,500,000
That's cheap compared to Palo Alto. $2,500,000 USD for the median house.
that's because you have mad taxes
Meet me at Beverly Hills
It would be so cool if you guys could talk about affordable housing in Kyoto. My friends and I are considering going there on a teaching program. This was a really cool video though. Well-produced and informative. It gave me NHK World vibes actually. I half expected Peter Barakan to show up halfway through. XD
have you went to Kyoto yet? :)
With the zoning laws in kyoto being the same what you will find will be very similar if not a little cheaper with the population and demand for kyoto being much lower
I am unable to feel anything but love for the way the buildings look. Even the smallest, tightest buildings have their own charme.
I work in housing finance in NYC and this has got to be one of the most comprehensive videos I have seen on housing. Thanks for this.
it's insane how well done this video is
Tokyo is a fantastic place to visit, but live there no. It's too overcrowded. I feel the same about any overpopulated city.
Thanks for this super informative video! There is a lot of info to digest and it's going to take several replays to get it all xD This means that this video took an even longer time to make! Thank you so much for doing all the research and footage capture :) It's great to see all the info presented in a way that the average person can understand ^^ TY and keep up the awesome work!
Yes, I just commented that Greg should have slowed down and made the video longer. Do you think you would have been bored? I could not digest all of that info at that pace. Let's see what he says.
You're welcome, thanks!
im 16, broke and watching this
Been a year. U still broke?
@@methcat5005 nah im good
@@abdullahrashid7385 very cool bro
Well dats me rn isnt it 🤣
I really enjoyed this video. You should make more like this as many foreigners like us are interested in purchasing realty in Japan.
Tokyo seems very beautiful,thank you for sharing
Zoning and being able to do anything you want to do with your land is genius.
Another documentary quality video! Good job.
I and my children had just moved to Tokyo. Thanks for the heads up!
hope they'r doing good its been 3 years since this comment
This is great! Really explains the housing situation well. People think Tokyo is so expensive, but (comparing to other large cities) it's not so much. Plus I'm trained as a planner, so totally into the nerdy zoning analysis ;-)
I bought a new house in Japan, no married, no permanent visa, 15min from Shinjuku, rounded by sakura trees, can see Fuji mountain and Skytree from my balcony, famous fireworks etc and only 35 million yen. Right now if you want to buy a new house in my area it costs more than 50 million yen. No regret!
wait a minute at 9:44.. there's a power pole in front of the garage? then how..
That’s why it’s still available lol
Rizka Sekar yes
Bicycle parking I guess xD
This seriously hurts as someone who lives in Toronto. I will likely never be able to afford to buy a home here and will probably have to leave the city eventually.
Firepower mood bro I wanna cry ;-;
3:22 - 3:28
That's literally the polar opposite in Australia. No matter how run down or decayed a house is here, the older it is the more it costs.
A 50 year old, decaying flat that may or may not even have proper insulation or even have asbestos in Melbourne is going to easily cost over a million dollars. It's insane.
I love how informative this is. Not like I'll ever use it though 😞 lol
As everywhere, I think the main difficulty lies in being able to pay back that long-term loan. These days so many young people get stuck with limited-term work contracts and have no idea where they're headed financially in the next 5 to 10 years. It's really tough to commit to building a house under these conditions.
All buying a house means that you have development rights to change it however you want. If you don't care for those rights, renting makes more sense.
Wow this is EXACTLY the kind of video I was looking for. I was researching property in Chiba just last week. I thought Tokyo would be out of the question.
Great, glad it helped! You should really go around different neighbourhoods and check out open houses. I find that on the weekend it's quite easy to bike or walk around and drop in on places. I also found that even if I had the layout from a flyer or online, actually going into the home really changed my perspective.
Wow, that was well done and so informative. Thank you.
This video was made with exceptional quality. Beautiful shots!
one correction: those large apartment buildings with the numbers on the side aren't built or owned by cities for affordable housing, they're rented out by companies to their employees at low rent as a fringe benefit. companies that aren't big enough to own their own mansion buildings instead pay some of their employees' rent costs each month. the company housing usually comes with restrictions so people can't live there for life. they either have a limit of say 10 years, an occupier limit so employees would move out on their own when ready to start a family, or a salary limit so they're required to move out when promoted to more than a certain wage level. some companies have male only and female only buildings (always built in different suburbs!) so that employees will choose to move out when they want to get married. the thinking isn't to provide social housing, but to help young employees get going in life when they're at their least experienced and on the lowest pay, so they can be good employees.
very well documented
I bought mine in Shin Koiwa ( Edogawa Ward ) for US$340 K. And you dont even have to take Keisei train coz we do have JR Station that goes straight to Shinjuku and Akihabara without having to change train.
4:31 - The irony.. a gigantic Suburban next to a tiny Kei car
Im born in Vancouver since 89. Love your videos. Just been to Tokyo def love everything about it.
This video was much more interesting than I expected it to be! It sparked a long conversation with my family on housing where I’m from (which before this I knew nothing about). I also loved learning about housing in Edogawa, which, coincidentally, I was learning about in my Geography class last week! Thank you for the extremely well done & incredibly informative video; I look forward to seeing more! 😊
Your actually correct with the comparison of The Bronx and Edogawa. I used to live in New York city and it takes about 30 minutes to get from The Bronx to Manhattan. Of course The Bronx back then was NOT a nice place to visit. However, The Bronx has always been a diverse neighbor with a plethora of history. Also, the food is delicious!
good comment, too far down ,but i agree. i don't think bronx is a good comparison maybe queens or even new jersey is slightly better comparison ,but maybe toronto singapore is a even better comparison as the neighborhood atmosphere match at 150% to 200% price hike...
After watching this , I feel like living in Indonesia is more expensive.
The land rate is uncontrollable and government do nothing about it. The bank give us 12%++ annual rate even more than 14%++
In Surabaya, 2nd biggest city, the price for mid-range house is 2 billions rupiah, which is around 140,000 USD and you get badly constructed house in 9x12 m2 land ( cheap material and cheap result )
Just FYI, the cities in Indonesia are far behind Jakarta and Surabaya, in term of development. If you opt in for lower cost city, it means you will sacrifice a lot of facilities big cities can give you.
same here! compared to average annual income, Japan is better
I do agree!...
Arthur Sabastian Japan’s economy has been suffering for 20 years. Indonesia is booming.
@@genli5603 lmao more like corruption booming
Nice video.
Rachel & Jun made a video (last year?) about custom-designed homes in Japan; worth a look if you're into the topic.
Yep, saw those vids. I will be releasing a video about custom houses soonish.
Very cool; looking forward to it.
This is defnitely one of best made videos on Japanese housing on TH-cam.
I clicked on this video expecting some sort of bubbly "here's my personal anecdote of my story in Japan!" type of video. Instead, I was pleasantly surprised by an extremely well researched, super informative, objective report. This is top quality content, well done.
Wow that's fascinating. Depreciating housing is super uncommon here in the US, property and home value tends to only ever go up. I would love to know more about why home prices in Japan depreciate! Hell, in my area even collapsing buildings increase in value over time... Thanks to the constant stream of wealthy landlords who horde property and can afford to renovate.
In my country with $300.000 USD you would get almost a mansion...
Those tiny homes would cost something around $15.000-25.000 USD
In my place (Malaybalay, Philippines), the house shown in the video will cost $45,000 USD. Keep in mind that I live in a semi-rural area of a developing Southeast Asian nation. That house is almost the same with ours (land area & 2-storeys) and my parents annual income minus tax is only $9,500 USD.
So I'm curious on where you live.
Dan Anth 9500 per year or month?
He said 'annual' income which is per year.
adrian behan oh thank you , I didn’t know that
ok and your country is?
Vancouverite here. Holding back my tears of despair.
I feel ya! Even when you go out in the burbs, it's still crazy expensive!
Ah well, renting for life I guess.
Halcyon Hong Kong here. My tears have filled dozens of public swimming pools.
If housing markets had an olympics for most expensive we'd both make the podium. We can cry together.
Hello! Just stumbled upon your videos today and have been binge-watching since! Hope your life in Japan has been amazing.
Cheers,
A viewer from Surrey, BC!
Thank you so much for creating these videos! I'm planning on teaching English and fundamental arts in japan in my future, and watching your videos and learning how accessible the country can be inspires me. Cheers!
Did you do it??
Central Tokyo apartment price is 1000K US doller.
However Newyork upper east side area or Chelsea in London much more expensive.
In Singapore 300000USD will barely get you a 4 room flat - 85 square metres.
there is a good reason why is it at that price. look at Malaysia, its ridiculous! average income is around 3k MYR but an average house easily cost near half a million ringgit. speaking of abusing the system!
Agreed.. the cars here too. Let’s say a Toyota Corolla. It cost around 100K SGD and you can only own it for 10years, before it returns to the government or car dealer
It looks like no body's satisfied by their governments..
Isn’t public housing good enough
No mention of Property Tax, so their's no property tax charge? Anyone know the cost?
Yeah, that's a good link. But, there's some fine-grained details that change things. I don't think the article mentions that for the types of homes I showed in the video, you'd pay 1/6th the tax. So 1.4% of $300,000 and then divide by 6 = $700. Then there's the municipal tax at 0.3%, which you pay 1/3rd. So 0.3% of $300,000 and then divide by 3 = $300. Altogether $1,000 a year. But the assessed value for taxes is lower (I believe) than the market value, so it should be less than $1,000. Plus there are deductions for new homes to factor in. Also, as your home devalues (as has been the trend for about 25 years now), the taxes will get reduced as well.
Thanks for all the helpful information.
My father-in-law told me that if it's your principal residence, you pay an annual property tax of about 0.5% of the current assessment. If it's your secondary residence, as his Tokyo home is, the annual property tax is about 1.5%, or a type of penalty.That was in 2007, so things may have changed. He's a real estate agent, so I think he knew what he was talking about.
One of the driving factors (but not the only one) of the property bubbles in major Australian and New Zealand cities is what they refer to as "negative gearing" where a paper loss on a property investment can be offset against other sources of income such as wages and salary. It seems as if Japan allows this too. However countries like the USA and the UK don't allow it.
So glad you mentioned Kasai! I lived there for 3 years (back to Canada now) and am now considering buying a condo there.
This is the best video I have ever seen on youtube. The logistics you covered, the understandable comparisons. Amazing, great moves, keep it up.
With a small house. You can't held a party. So that why people in JP rarely have a party at home
I never thought of that, most homes in US have allot of extra space, thank you.
You can have guests over, but party, it really depends on the size. I've comfortably hosted a dozen people in my house. But yeah, in comparison to Canada at least, people in Japan are more likely to have gatherings outside their home.
Do people normally have home insurance to cover natural disasters like earthquake, flooding, tsunami? Will the payout be adequate to rebuild the house?
Most of the price of a house is land, the actual house is cheap, mostly prefab garbage, won't last more than 30 years, and doesn't have central heating or insulation. AC? HA! In the US the land is cheap (in most non core urban areas) but building is expensive (because we have to have HVAC and insulation).
Japanese are such honorable people, they preserve their culture and work hard, I wish Europe was like that too, mainly for the preserving of their culture...
MrDEA666 Japan is ranked 26 on sucide rates, so ur wrong
MrDEA666
First of all, they choose to overwork.
And second, having an opinion about race is not/should not/will never be illegal.
MrDEA666 also russia Poland hungary South Korea China Belgium usa India has more sucide rates than Japan
honor? 🤔 you definitely don't know japan well. these people value death, suicidal thought long crazy hours of work, they suppress their feelings and don't let you think outside the box. i could go on.
@@haruka6672 japan is crazy a lot of people with mental issues the suicide is of the biggest problem in this country . a lot of prostitution and child abuse.
Very well researched and thoughtfully explained. Great video.
The population of Japan as a whole may have only grown by 3 percent over the past 25 years, but the population of Edogawa grew by 18 percent.
Edogawa is a cheaper area because it's, sort of, far from the centre and "hotspots" of Tokyo like Shinjuku, Shibuya, Ebisu, etc. Yes, you can reach Shinjuku in 35 mins by train, but the eastern half of Tokyo is famous for having the least amount of train lines. The east of Tokyo is very populous with only 3 or 4 major train lines servicing it. The Tozai line is the only viable train line for much of eastern Tokyo. The Tozai line is absolutely hellish during peak hours, and the other lines linking the east to the centre are pretty similar.
Edogawa is part of the "shitamachi" (old downtown) of Tokyo and infrastructure there is older than other parts of Tokyo. A lot of Tokyoites still look down on the area a bit, but really, it's not that bad. I'd say it's a bit drab with not much nightlife or landmarks of note, but not terrible. Snobbery in Tokyo can run high. I'd consider living in Edogawa if they built another train line or two.
But for buying property there you need to be very aware of flooding and land liquefaction after an earthquake. A lot of Edogawa is prone to flooding from the river. Parts are also reclaimed land which can liquefy after a strong quake. Western Tokyo has slightly higher elevation and is built on more stable land = safer for building. Edogawa isn't too bad, but recently, 300,000 US won't get you very much there, either.
As a westerner living in Tokyo, Japan I can share what I have experienced that is. For single working people it is almost impossible to buy a house in Tokyo area. Unless you are a shit load. There is no mortgage support for young professionals like in Europe. For couples it will become a lot easier but still it depends on the salary. Most people will relocated to Chiba, Saitama which are generally lower income but still very good to live...while the wealthy go to the south and south west towards Yokohama and Setagaya-ku. Rental wise there is too much housing available and cost of living is not that bad compared to other major cities. Of course the amount of square meters you get in return is most like less. 25m2 is considered averaged for single dwellers and 40m2 for couples..then when you get a child you either upgrade the apartment or move away to the suburb and buy a house....In addition, because Japan faces every week or daily earthquakes (small cat 2, 3,4) the value of property after 20-30 years is basically ZERO. So investing in a city like Tokyo is only valuable when we are talking about 1 million USD or more....that's why heaps of Chinese are buying properties. Rental price wise I can write a whole page on that.
that's really good to know. And more informative han the vídeo. thanks :-)
It's not quite right that the value of property is zero after 20-30 years. If you buy a house, like I did in a good area by Shinjuku, you will most likely see an appreciation of the land value but the building itself will depreciate the older it gets. The value is in the land, so choose wisely where you buy and you can make money long term.
This makes me sad. The median home in San Diego is 483k. 😢 back to "how to convert your van" videos I go.
Are you dumb you can’t compare that to Tokyo
This is so free market compared to typical situation in the US! The zoning laws are actually laws that just specify rules that property owners have to abide by, as opposed to laws that create commissions that extract out concessions to give approval to build. Free use of land for mixed use. Independent choice on density of housing. A nearly static population, with basically no expectation that houses are an appreciating asset, so much less incentive for existing home owners to game the system to "protect" property values by restricting density and use of other owners, as well as supply of land to the market.
Yes Zoning laws are a crucial reason why but also how housing is viewed more of a deprecating asset more than a investment. Buying a house is more like buying a car in japan. Will hold its price but it will never be worth more than what you paid for it and honestly I prefer that to the hyper capitalist owning multiple houses version in America. Also declining population and good social housing means that people aren’t fighting tooth and nail for housing, sadly this will never happen in America.
these are some dope videos. definitely putting tokyo on my list of places to visit and even live for a bit
This is great for me, cause I'm moving to Japan before the end of the year. My questions are about renting apartments in Tokyo. I want to know what I really need to expect, as far as how much I have to pay upon move in, and what each payment is for, as well as how to get realtor and how all of that works.
I'm sure there are many videos about this, but note that some people don't want to rent to foreigners. Also you may have to pay several months rent as non-refundable key money. In addition you will typically need a Guarantor (could be a headache). Why are you moving to Japan ? Your company might be able to help you. Are you moving alone ? You could look at a shared house, or perhaps a company like LeoPalace. I used LeoPalace when living in Japan and found it fairly convenient (huge number of locations, English speaking staff, used to dealing with foreigners, basic furnishings etc) and affordable (but really only suitable for 1 person).
We moved to Japan 4 months ago and in regards to renting you have a few options. Firstly if you only speak english you may want to go with a property agent like Leopalace21 that deals with expats. But if you happen to have a Japanese friend or company who is willing to act as guarantor, you may be able to live in the prefecture of Tokyo fairly cheaply. But keep in mind its normal to pay 4x the rents price to cover all the fees in the first month and most accommodation requires you to stay for a minimum of 2 years. So most people if alone find house shares to help take care of these problems. I hope this helps. Its not impossible but its a lot of effort.
Jesus you're planning to live in Tokyo? I'm half Japanese myself and i love Tokyo but living there would be exhausting. The amount of walking you have to do is insane haha.
iEat Crayons Do you live in the countryside? I am half Japanese too and I go over to Tokyo (Setagaya) every year. I absolutely love it because everything is so easily accessible. Most places are within walking distance for me (barely have to walk more than 5 minutes to get to a shopping mall) and public transport is excellent. Big change from where I live (Ireland) where buses and trains come once an hour and you have to walk 40-50 minutes to get to the local grocery store. ☺️
Candy Floss Haha nah I mainly live in Australia but live in Hokkaido when I'm in Japan. I love Tokyo but I'm like physically spent after 3 days of staying there lol. There's just soooo much walking in between train stations so i usually plop dead when i get back to the hotel room haha. I love visiting Tokyo but i couldn't imagine living there.
I saw :
riverside just like the scene of literary girl from daily lives of high school boys.
a house just like in gintama.
train crossing just like kyou kai no kanata :3
japan
dont forget that life in japan is not anime
saif rehman You watch gintama!!!! Not a lot of people do!!
Ha ha, there's a million places in Japan that look like that! These anime aren't exactly depicting something unique and special.
currently on episode 90 😆
weebs.
6:08 “Hey I can see my house! Well, it’s not a house, but I can see where I live!”
4:32 is that a suburban in Japan! thats awesome I never thought such a big truck would be out there .