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Originally posted by Pennywise
Quote:
quote:
Originally posted by trackers
Thanks for the reply. So to summarise, and over-simplify, the 30% decline in the Japanese housing market over the last decade is primarily due to having a small baby boom population? Bugger
This article is quite a good on-the-ground piece
http://www.freerepublic.com/focus/f-news/1698184/posts
The biggest reason for the "stats" looking so poor is you need to look at the huge bubble in real estate in Japan in the late 80s very early 90s.
It was out of control.
Looking at a single figure of -30% has to be appreciated alongside the massive explosion in housing prices during the infamous real estate bubble in Japan.
Right now, there are better real estate opportunities in Tokyo than NZ by far.
Apartment renting to foreigners in Tokyo can easily yeild 10% + against loans of 1.5%