RetireJapan

I think OP is either from the UK or grew up there and has the "home is an investment" mindset. This is not valid in Japan where a house is a more similar financial profile to a car. The key phrase that stood out for me is "paying somebody else's mortgage". This may or may not be...

Quick number check: If the purchase price is 160m for an equivalent, in my opinion you’re possibly to be better off renting. Reasoning: 1. your rent is only 2.6% of 160m. Good deal. 2. Your mortgage would be over 400k per month on 0.5% flex interest, plus 400-800k yen per year for property tax, plu...

It’s probably the biggest financial and/or life decision I’ve ever made so I really want to get it right. Sorry I don't know the answers to your questions, but as this is a retirement forum I can't resist a quick sanity check: Your savings rate as a percentage of your income is the most important f...

RetireJapan wrote: ↑Tue Jul 18, 2023 11:53 am You might be interested in our livestream chat with Emil Gorgees, a realtor and mortgage specialist in Tokyo: https://youtube.com/live/n-N1fwNge4c?feature=share

Thanks - I’m going to watch that this morning on the way to work

Hello all, I was pointed to this forum by some kind folks on the JapanFinance page on Reddit - I hope it’s ok to re-ask for advice here also? I have been avidly reading posts here and in other places on the costs and benefits of property ownership in Japan and I am still very torn on whether or not ...