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March 2010

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Real Estate, Japanese Style

March 26, 2010 – Comments (0)

The real estate market behaves very differently in Japan than it does in the US. For starters the value of residential property is viewed similarly to how we think about commercial property in accounting.  This means that as a home or condo ages it depreciates in value, while the land does not.  Each year a home is worth a little bit less because the fixtures, walls, etc. have aged and are closer to needing replacement. So when it's time to sell a home you can be fairly certain you will get less than you paid for it -- about 1% - 2% for each year of occupancy.   [more]

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