The below linked article focuses on how and why Japan has literally millions of abandoned houses, most with no one living in them at all. However, this is not about what can be done with real estate in Japan. Reasons and data are provided to show why so many houses were abandoned and how market trends have an impact. We find out things like how the median lifespan of a house in Japan is 33 years, compared with the U.S. where it is 55 years.
Among the things we learn is how the younger population of Japan prefers newer construction and that their banks tend to fund new construction ahead of renovation. What this means is that Americans that are familiar with the degree of renovation of old homes in the States and with the financial bandwidth and/or the experience in fixing them up have plenty of opportunities in Japan.
This is not to take a position about how or where you should invest, broker, or develop a deal. It is to point out how many opportunities there are to generate income from real estate locally, nationally, or internationally if you know where and how to look.
There are plenty of different situations from different places to consider. The range can be from personal skills and experience to tax considerations and advantages, grants and incentives, desired living conditions. Performing research can lead to new and exciting opportunities or could lead to reasons why not to pursue a project. The goal should be to make your decisions from data and not from emotions. Effective research can make you “first in” on a great opportunity!
https://thehustle.co/originals/why-japan-has-millions-of-abandoned-houses
