I'm also watching a foreigner DIY in Japan channel. He said those old bathroom and kitchen tiles contain asbestos. So please warn your viewers to be careful removing old tiles in Japan.
Even if a building collapses or is lost due to an unexpected natural disaster such as an earthquake or fire, it cannot be rebuilt. Furthermore, even if the land remains, there is no way to utilize it. This is because properties that cannot be rebuilt have a problem with access to roads, so the remaining land cannot even be cleared and used as a parking lot. and the worst part now because there is no building land tax is 3-4X higher which you have to continue to pay even if you cannot build on it, so its very dangerous and should be avoided
Excuse me for being a bit green but what is the logic behind not being allowed to rebuild? Noise pollution during construction ? Fear of changing the dynamic of the street/ neighbourhood? Environmental factors? It seems a brutal rule and as per the example you have provided, you could end up being totally screwed! A definite red flag upon investing. Just my view. As I mentioned I do lack experience with the Japan property market.
Living away from Japan, some of these Akiya houses seem scary, more because of the renovation and the non-rebuilding clauses. Are Naka-Ku and Naka Ward the same in Yokohama? Thanks Shu
Mr Shu, thank you for making videos related to houses in Yokohama. I am currently living in Yokohama, but my very small 1 DK which is fully furnished costs me around 90000 JPY per month. This is in Goshoyamacho area. Can you please help me regarding getting a rented apartment , 1BHK, for the same or cheaper price ?
Subbed, thanks for the video. Wondering what areas in greater Tokyo have decent cash on cash with a great renter pool available, and who the target renter persona would be … ie Japanese or Foreigner short term… Are most of the properties you visit better situated for an investor to rent out long term, or short term airbnb? I’ve been in RE for over a decade.
Hope i will go to japan and buy akiya, japan is a dream, and also help the japan to grow more housing, they say if you love the country, you should support it to😊😊
Hey Shu, at 4:15 the paranormal activity begins the previous owner is still there! Haha How much of a discount can you get for a stigmatized property there versus regular property prices? Thank you 🙏
Thanks Shu for this interesting review. I always wonder about renovation costs and companies offering these kind of services in Japan. Based on your experience, which companies do you recommend for renovation? of course with the potential of good quality of the service with reasonable prices. Thanks once again and good luck in hunting your next Akiya!
You can fill out one of these forms so I can help you: Akiya Income Generator (for rental properties): forms.gle/7ySUCdpiLVy9mHoy9 Japan Akiya Assist (for vacation homes): forms.gle/1A7FHHJxqHfuuUjh7
I speculate on anything and everything. I’m kind of lazy and kind of slow so my strategy is like Warren Buffett’s. Be patient and wait for the “fat pitch”. If I knew I was going to live in this house for at least 5 years, I’d buy it. If I were simply looking to make money, the profits are not so obvious. I appreciate you showing these properties. I’d fund a patron for you, as these videos add a lot of value to us. My best advise is; if you want to make money, look at the obscure. Even the most naïve real estate agent knows shat a common house is worth and they will price it accordingly. The place to look for profits, is in the unconventional. Commercial real estate, resort property, odd structures etc. can be hard to value. People over pay and under pay for these hard-to-value, assets all the time. Our job is to under pay for the weird, the panicked, the and sell for fair value or more. Everyone can figure out what a 5 year old Toyota Corolla with 60,000 miles on it worth. What’s a deep sea crude oil platform, with 2017 technology worth?😂
Hi Shu! Been enjoying watching these Akiya tours! Its great to se the houses themselves with your analysis. I'm curious what causes the designation of rebuildable vs non-rebuildable. Can that status change with permission or is it tied to a historical thing? Thanks again and love your content.
Access to road that's at least 4m wide. Yes, the status could change but you would need to get permission from all parties involved, which can be quite tricky.
Hey Shubby doo…thanks for showing us around ..i have 2 babies they bite.they love eating the rooms i put them in. i dont want to worry when they eat the room they live in. Do u know any dilapidated homes with gardens? I figure i could put them in the garden for 7 months & bring them in for winter. I would only refurbish the few rooms i frequent BUT I NEED an OLD ROOM for my kids so they can enjoy freedom without me going BALLISTIC when they eat my house….i live in Sapporo, Atsubetsu, Momijidai My kids are NOISY. My present neighbors dont like the screaming sounds that make…morning noon & nite, so i gotta stay far away from people..which is what i prefer. Anything? since i am a lone woman with 2 big African greys, it would be better if it was not a rental.
