Blows my mind that people can own property in Japan while not having a visa allowing them to be at said property for more than 90 days.
I agree with this. We really don’t want a housing situation like Australia or Canada here.
Totally on board. Housing speculation in many countries is completely outta control.
This is a good idea. Foreign investment firms have absolutely ruined most of the pacific north west. Seattle is a wasteland of Chinese owned property.
Maoist reform intensifies
I read the title and went “oh that’s good” and then I read the article and it’s just add a reporting requirement for residential purchases 😑
I’m fine with foreigner being aloud to purchase up 1-2 homes, especially in the countryside, instead of them rotting and ruining neighborhoods. Japan has millions of empty homes that are just decaying.
What about inherited property?
Just limit foreign entities from buying the land other than personal residential purposes. But I guess if the money is there they just don’t care. Same as tourism lol.
This surely only applies to areas where buying land or property in Japan is actually an investment. In most of Japan property and residential land ownership is technically and practically a liability. Second they need to be careful with discouraging akiya purchases as they evidently cannot even begin solving that problem with purely domestic (legal) initiatives.
As they should…
Good
Why not enforce rules of residency for certain amount of months over year.
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Blows my mind that people can own property in Japan while not having a visa allowing them to be at said property for more than 90 days.
I agree with this. We really don’t want a housing situation like Australia or Canada here.
Totally on board. Housing speculation in many countries is completely outta control.
This is a good idea. Foreign investment firms have absolutely ruined most of the pacific north west. Seattle is a wasteland of Chinese owned property.
Maoist reform intensifies
I read the title and went “oh that’s good” and then I read the article and it’s just add a reporting requirement for residential purchases 😑
I’m fine with foreigner being aloud to purchase up 1-2 homes, especially in the countryside, instead of them rotting and ruining neighborhoods. Japan has millions of empty homes that are just decaying.
What about inherited property?
Just limit foreign entities from buying the land other than personal residential purposes. But I guess if the money is there they just don’t care. Same as tourism lol.
This surely only applies to areas where buying land or property in Japan is actually an investment. In most of Japan property and residential land ownership is technically and practically a liability. Second they need to be careful with discouraging akiya purchases as they evidently cannot even begin solving that problem with purely domestic (legal) initiatives.
As they should…
Good
Why not enforce rules of residency for certain amount of months over year.
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