Re: Is eMAXIS becoming too expensive to buy?
Posted: Wed Jul 10, 2024 3:05 am
Property does indeed appreciate in Japan if the area has high demand. Prices went up 5% in many areas in Tokyo just over the last year. However, structures do not appreciate in value (with some exceptions).trajan wrote: ↑Wed Jul 10, 2024 1:39 amI have considered that but, as you say, value over time is a real concern.Tsumitate Wrestler wrote: ↑Wed Jul 10, 2024 1:28 am For our family the weak yen has encouraged us to go forward with the purchase of a home. We have liquidated some of our taxable investments, and going forward will be reducing our Tsumitate from 10-> 5 man a month as we take on a mortgage. It seemed like the right time for a larger "yen" purchase.
It is difficult to think of this as an investment in typical terms, but I am hoping the decent plot size of 101m2 will help the purchases maintain value after the structure has depreciated.
Besides, I own property here already.
Has it always been like this in Japan? Real estate is one of the better time-proven investments in the Western countries where I've lived.
For those looking for a home, detached houses in convenient residential areas with no major restrictions are often seen as more attractive long-term.
Mansions and such can be profitable investments, but you need to time the market and depreciation of the structure.
All that aside, with a family, a detached house is easily the preferred option if you can afford it.