Japanese Yen is 34-year low against USD - is this a GOOD or BAD time to buy real estate in Japan? [SPECIAL PRICING UNTIL 4/15] Japan REI Boot Camp 2.0: www.postfi.co/offers/6PZqhrjW/checkout
@@DiscoveringJapan1 thanks. I guess having a bank account is an easier way to transfer money when the time comes to buy property. Still securing a visa is the first priority. I do wonder if getting money out of my brokerage account like Fidelity or Schwab would work as well instead of a Japanese bank account.
Perfect timing: I'll be house hunting in later this year in Japan There's so much great material covered in this video! As I am not a permanent resident myself (though that could change), I will be dealing with many similar issues in the meanwhile. Your videos are a such a great resource - keep it up!
@@shumatsuopost Interested. As an American, if you buy property is there a way to get a resident visa? IF your a multimillionaire does that help with the visa?
The $ broke the 151 $/¥ resistence level and it reached 154 $/¥ already, the higher cpi data caused the chances of the fed cutting rates in june more unlikable, pushing dollar higher. It's becoming cheaper day by day coming to japan!
@@shumatsuopost it's hard to tell, considering that now BoJ increased rates to 0.1% it's still low compared to US rates at 5.5%, and because Japan has a debt to GDP of 255% it's would be too expensive to increase rates too much. I can't tell how much it will last, probably until something big happen in the economy.... maybe until i can come visit japan for cheap🤣
Love the content and very helpful as an American looking to move to Japan next year to start a different business. These investment property videos are great for other things to do aside from the restaurant I'm looking to open. Great content fam, keep it up
Vehicle licensing is also a bunch of exceptions and it is obtained through the base. The navy folks I know had to get a hanko in order to get a bank account and then set up the ETC for highway driving.
I’m planning to buy also. I’m thinking even with no long term or resident visa, you can still say for 6 months out of the year, then lease it out. I’m thinking a vacation home.
Hey he got a better discount than me. I only got 480,000 y discount and mine wasn't remodeled. I will try that tip with the a/c's thanks for that. btw.. I tried using a wire from my broker was going to charge me a 2 yen premium. That adds up on $100k+ so i used wise and transferred to my japan bank
@@DiscoveringJapan1Yeah, as SOFA also, it was easier in the past. Several of my coworkers got loans here but that was 10+ years ago. These days it’s incredibly rare for banks to approve mortgages for SOFA. You pretty much have to pay in cash.
Fiest time a heard anything about washer/dryer... shopping and cooking western food is my other question...being old American i also like bigger yards with real gardens maybe a farm...
I work for a U.S. company in the US, but live in Japan and commute. I have PR. My Japanese friend who works for the same company had difficulty obtaining a loan to purchase a property because her income is also in the US. She had to get a family member co-sign. I don’t want to pay cash out right with such a low interest rate, but when my Japanese coworker couldn’t even do it, what can I do? I have several bank accounts in Japan as a permanent legal foreign resident, but income from US. It is such a battle to have my income outside the US count. Currently researching options. Much information in this interview. Looking for similar content.
I still have a bank account in Japan from my study abroad days. I wonder if that can help streamline the process? I need to level up my Japanese! Documents and kanji are lot more difficult than casual conversation
I’m seriously considering buying there, one concern I have is when I renovate an old house there, do I then need to bring everything up to current code? I’ve heard that could be a major issue.
current building code? no, but if its a safety issue i'de say yes for personal safety reasons. You don't even need building permits to make changes to the inside of the house. Houses here are considered a disposable item and the govt doesn't care. If you're making changes to gas pipes or electricity you need a licensed contractor, otherwise your fire insurance won't cover.
From what i understand. Electric stuff needs to be done by a pro. Actually changing the room layouts can affect insurance if design not accepted by city hall. I think insurance can be a big deal
Hello. Love your channel and this episode. If one is not a resident and just want to purchase a small vacation home to live for a couple to few months every year. Would that be possible to happened? I have a Japanese citizen Aunt thru marriage would that be advantageous to use her as sponsor to get a bank account?
There are 4 Navy Federal Credit Union branches on the 4 bases close to Tokyo. Why didn’t Jason use these CU’s to transfer funds from his savings to the seller instead of going through all the trouble of opening an account with Bank of Yokohama?
Someone posted that the Japanese were strict on that and it could take weeks for that to be verified and go through as opposed to having funds in a local Japanese bank.
International transfers (especially large dollar amounts) are met with increased scrutiny these days due to money laundering, fraud, etc. Even just transferring to yourself from Navy Fed to Bank of Yokohama is difficult.
Shu Matsuo san, I am interested in learning to buy a Akiya for investment . Could you help and advice me of what and how to do it, I live in Yokohama. I am a foreigner but live in Japan for a long time.
Absolutely. Could you fill out one of these forms to get started? Akiya Income Generator (for rental properties): forms.gle/7ySUCdpiLVy9mHoy9 Japan Akiya Assist (for vacation homes): forms.gle/1A7FHHJxqHfuuUjh7
Video is great but would be alot more helpful if he wasn't a cash buyer, I'm moving to japan soon and work for an American company and id like to learn how / if I could find financing for a home.
I think the problem for me is that buying property doesn't give you permanent residency. Is there a direct track to owning property in Japan to some kind of visa? I'm ready to FIRE in Japan, love everything here, and I'm learning the language on a student visa, but it looks like I'll have to go back to work or own a business to stay here longer than two years.
@@DestinationJapan95 there are those that have done 2 90 day tourist visas with no problem. i've done it myself no questions asked. just have a return ticket ready to show them that you're leaving when your time is up
Hello Shu I'm interested in buying a Akiya house in Kyoto. I'm looking for something 10million yen or less with the goal to make it as second home and renting it out when im not there. Will you be able to help me with this?
@@shumatsuopost I was filling it out until i saw the consultation fee starting at $8,000. Seems a little high but let me check out what other consultants are also charging and I see if it worthiest to move forward or not.
Love the content but have to say this guy is smoking glue sticks saying gas was at $7/gallon in San Diego. Were you getting gas by the airport everyday bruh??
![[#2024MAMA] G-DRAGON - 무제(Untitled, 2014)+POWER+HOME SWEET HOME+뱅뱅뱅+FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/Ox29z5Nf1Uk/mqdefault.jpg)
Japanese Yen is 34-year low against USD - is this a GOOD or BAD time to buy real estate in Japan?
[SPECIAL PRICING UNTIL 4/15] Japan REI Boot Camp 2.0: www.postfi.co/offers/6PZqhrjW/checkout
chart show it get to 177 yen
@@Cordycep1 no
@@Cordycep1 really - which chart?
It is an excellent time to buy. Yen at 154 today 4.15.2024 which will enable some who were priced out to buy in.
@@Cordycep1 OMFG, I will sell my BTC and buy a house there.
Beautiful house. Been in Japan 4 x. Never get enough of it. I❤️Japan😘
It really is!
As a SOFA member in Kanagawa myself, I took your advice and setup an account at Bank of Yokohama. It was very easy! Now to find the perfect house!
Is this a path to long term visa stay?
@@inquisitvem6723 this is not a path to a visa. That's separate matter that we'll have to be worked out.
@@DiscoveringJapan1 thanks. I guess having a bank account is an easier way to transfer money when the time comes to buy property. Still securing a visa is the first priority. I do wonder if getting money out of my brokerage account like Fidelity or Schwab would work as well instead of a Japanese bank account.
Perfect timing: I'll be house hunting in later this year in Japan There's so much great material covered in this video! As I am not a permanent resident myself (though that could change), I will be dealing with many similar issues in the meanwhile. Your videos are a such a great resource - keep it up!
Appreciate your kind words! Good luck with your house hunting journey in Japan.
@@shumatsuopost Interested. As an American, if you buy property is there a way to get a resident visa? IF your a multimillionaire does that help with the visa?
The $ broke the 151 $/¥ resistence level and it reached 154 $/¥ already, the higher cpi data caused the chances of the fed cutting rates in june more unlikable, pushing dollar higher. It's becoming cheaper day by day coming to japan!
How long do you think this will last?
@@shumatsuopost it's hard to tell, considering that now BoJ increased rates to 0.1% it's still low compared to US rates at 5.5%, and because Japan has a debt to GDP of 255% it's would be too expensive to increase rates too much. I can't tell how much it will last, probably until something big happen in the economy.... maybe until i can come visit japan for cheap🤣
Love the content and very helpful as an American looking to move to Japan next year to start a different business. These investment property videos are great for other things to do aside from the restaurant I'm looking to open. Great content fam, keep it up
Appreciate your kind words!
Very cool, super humble video without hype. Thank you 🙏 😊 makes this information more trustworthy!
Glad it was helpful!
Vehicle licensing is also a bunch of exceptions and it is obtained through the base. The navy folks I know had to get a hanko in order to get a bank account and then set up the ETC for highway driving.
Excellent interview…..it really gives a lot of clues to “how to”. I hope you will make interviews a regular part of your channel.
Glad you think so! This interview video won't be the last!
Nice house Jason, they did a great job on the renovation!
I think so too!
I can't believe it is 30 years old, looks great, I want one.
Sugoi! There is so much great info in this video. Arigato goazaimasu.
Glad you think so!
The big problem buying a house is the impossibility of setting up a bank account in Japan.
I’m from Rhode Island!!!
Cool!
The yen is creeping right to 155 now and I honestly wouldn't be surprised if it blows to 160-170.
Stunning.
160 now…even better for Americans
@@inquisitvem6723 It's not 160. Last week it dropped to almost 150 and is 153 now.
@@Big-Wonka this year is the year, gentlemen. I want my chance to live like a weeb king in Japan before it's too late
@@AB-py6jl Just get yen from your bank while it's weak. So even if it goes up by the time you visit then you still got it at the better exchange rate
Wow, i just asked about a video like this on one of your shorts. Lmao
You get what you ask for ;)
CONGRATULATION JESON
Interview me on renting in Kobe lol American Ex Pat. Love the content .
The visa discussion at the end. That's a serious issue for foreigners.
Exactly, what if he gets denied a visa, he has to move back to the US and reapply a year later.
I’m planning to buy also. I’m thinking even with no long term or resident visa, you can still say for 6 months out of the year, then lease it out. I’m thinking a vacation home.
It looks much better than your other introduction house #6😅
Excellent content.
Glad you liked it!
Thanks for sharing guys.
Thanks for watching!
@@shumatsuopostcould akiya banks do payment plants?
Hey he got a better discount than me. I only got 480,000 y discount and mine wasn't remodeled. I will try that tip with the a/c's thanks for that. btw.. I tried using a wire from my broker was going to charge me a 2 yen premium. That adds up on $100k+ so i used wise and transferred to my japan bank
How much did it cost to do it that way?
Did Jason just get a bank account, or did he also get a loan/mortgage? I'm also SOFA in Japan and want to buy.
I'm also SOFA in Japan and Just set up my bank account at Bank of Yokohama. Getting a mortgage however, is near impossible for SOFA members.
@@DiscoveringJapan1Yeah, as SOFA also, it was easier in the past. Several of my coworkers got loans here but that was 10+ years ago. These days it’s incredibly rare for banks to approve mortgages for SOFA. You pretty much have to pay in cash.
Fiest time a heard anything about washer/dryer... shopping and cooking western food is my other question...being old American i also like bigger yards with real gardens maybe a farm...
Nice guy! Nice house. Nice job.
Thanks for watching!
An akiya low to no cost countryside. Good bones and a little land to raise a garden possibly some critters.
Where do I sign?
I work for a U.S. company in the US, but live in Japan and commute. I have PR. My Japanese friend who works for the same company had difficulty obtaining a loan to purchase a property because her income is also in the US. She had to get a family member co-sign. I don’t want to pay cash out right with such a low interest rate, but when my Japanese coworker couldn’t even do it, what can I do? I have several bank accounts in Japan as a permanent legal foreign resident, but income from US. It is such a battle to have my income outside the US count. Currently researching options. Much information in this interview. Looking for similar content.
I still have a bank account in Japan from my study abroad days. I wonder if that can help streamline the process?
I need to level up my Japanese! Documents and kanji are lot more difficult than casual conversation
I’m seriously considering buying there, one concern I have is when I renovate an old house there, do I then need to bring everything up to current code? I’ve heard that could be a major issue.
current building code? no, but if its a safety issue i'de say yes for personal safety reasons. You don't even need building permits to make changes to the inside of the house. Houses here are considered a disposable item and the govt doesn't care. If you're making changes to gas pipes or electricity you need a licensed contractor, otherwise your fire insurance won't cover.
From what i understand. Electric stuff needs to be done by a pro. Actually changing the room layouts can affect insurance if design not accepted by city hall. I think insurance can be a big deal
i wonder if one should buy via a limited company if the intention was to grow to 2-3 properties
That’s my question too. Would need to set up a Japanese LLC or use my California based one?
Never see any ceiling fans in any of the properties you have shown - is there a reason for that ? Low Ceilings ? Cool breezes always ? Why ?
Hello. Love your channel and this episode. If one is not a resident and just want to purchase a small vacation home to live for a couple to few months every year. Would that be possible to happened? I have a Japanese citizen Aunt thru marriage would that be advantageous to use her as sponsor to get a bank account?
There are 4 Navy Federal Credit Union branches on the 4 bases close to Tokyo. Why didn’t Jason use these CU’s to transfer funds from his savings to the seller instead of going through all the trouble of opening an account with Bank of Yokohama?
Someone posted that the Japanese were strict on that and it could take weeks for that to be verified and go through as opposed to having funds in a local Japanese bank.
International transfers (especially large dollar amounts) are met with increased scrutiny these days due to money laundering, fraud, etc. Even just transferring to yourself from Navy Fed to Bank of Yokohama is difficult.
in which area did he buy this house? and how du u aquiere permanent visa for japan as a foreigner?
Can I buy a house in Japan under my created LLC in America?
Shu Matsuo san, I am interested in learning to buy a Akiya for investment . Could you help and advice me of what and how to do it, I live in Yokohama. I am a foreigner but live in Japan for a long time.
Absolutely. Could you fill out one of these forms to get started?
Akiya Income Generator (for rental properties): forms.gle/7ySUCdpiLVy9mHoy9
Japan Akiya Assist (for vacation homes): forms.gle/1A7FHHJxqHfuuUjh7
Should’ve asked him how the insulation is?
can a US resident live year round in Japan?
Video is great but would be alot more helpful if he wasn't a cash buyer, I'm moving to japan soon and work for an American company and id like to learn how / if I could find financing for a home.
Can a us military member stationed in Japan Get a Home Loan?
Generally speaking, no.
you got the good reform company anyway...give me a total price and contractor number pls...
20:30
I think the problem for me is that buying property doesn't give you permanent residency. Is there a direct track to owning property in Japan to some kind of visa? I'm ready to FIRE in Japan, love everything here, and I'm learning the language on a student visa, but it looks like I'll have to go back to work or own a business to stay here longer than two years.
If you do have to leave, how long does it take before you can come back?
@BornToTroll-it5juno, you can’t do that. Japanese immigration is cracking down on it. They have been for like 2 years now
@@DestinationJapan95 there are those that have done 2 90 day tourist visas with no problem. i've done it myself no questions asked. just have a return ticket ready to show them that you're leaving when your time is up
If your plan is just to retire in Japan there is a visa that allows you to stay indefinitely if you have 30m yen in liquid assets (about $200k).
@@michaeledge2421 I don't think that's true. Could you link a reference?
If his wife is Japanese, wouldn’t he be qualified as a permanent resident already
Nope.
If you make US salary in Japan than maybe Japan is cheaper to live than us, but if you work in japanese company than Japan is not cheap any more .
you filmed in portrait ?? 😏
Hello Shu I'm interested in buying a Akiya house in Kyoto. I'm looking for something 10million yen or less with the goal to make it as second home and renting it out when im not there. Will you be able to help me with this?
Search for a real estate agent
Could you fill out this form to see if we are a good fit for you? forugxcb8r8.typeform.com/to/yHUZyr2J
@@shumatsuopost I was filling it out until i saw the consultation fee starting at $8,000. Seems a little high but let me check out what other consultants are also charging and I see if it worthiest to move forward or not.
@@naoh619 Yes, we charge more than most - because we know the value we can deliver :)
wow, that is a great house.
It really is!
40$ each to eat out in San Diego? He must have been going out to fancy places
That’s actually pretty average for San Diego. And that’s not a fancy place at all.
Love the content but have to say this guy is smoking glue sticks saying gas was at $7/gallon in San Diego. Were you getting gas by the airport everyday bruh??
there lietary 0 japan architecture.. in it.. i hate it,,