How Much Do You Pay For Rent? TOKYO, JAPAN (Rich Foreigners) 

Bro, your comment deserves a heart

💀

Yeah 😂

@@user-aakiそれでもブラックなところ多くないですか？

@@user-bf2xp3he2h 年俸制で残業代は深夜割増のみ、サビ残当たり前な職場、家に持ち帰って仕事... などまだまだブラックなところ多いですね

A German RU-vidr (mr nipon) di this and Most people Say 40h and no Overtime. I think that for them it is a very personal thing and it is not easy to get the truth through this kind of interviews

@@syariman9060 haram

I'm curious to know the Japanese level of the guy who models and organizes events. I had a vibe of he barely speaks any japanese but I might be completely wrong and he's completely fluent.

Hes in fintech / finance industry so its not unexpected

Homes in Japan don't generally appreciate or even keep value. So while 0.69% is very affordable, whatever you sink in to the house is not all going to be there when are you ready to move on.

I think its a dream for any part of the world to pay 0.69%

@@BraveNewWorldSHprobably in that part of town a condo will hold value

@@JegErN0rsk ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-b1AOm17ZUVI.html

What part of Hiroshima

What do you do for a living??

My guess is software. The top companies pay pretty well in Tokyo, like 100-300k USD range

@@ImpactfulEASON suppose think that i started as a fresh software developer and worked for 5 years there.... Can i buy a mid luxurious house and a lambo urus there??

That's what Taiwan adopted with 3 of their major cities. That's why sometimes traveling back and having to use personal vehicle for transport feels annoying for me, I mean... Not only you need both hands on the wheels... there's traffic you need to account for. Instead of a setted time punctual to the tee that's available on the screens even before you left your house if you were to use the MRT.

@@ab_01kawaii do your homework with numbeo, but working as a software developer won't get you a luxurious house, just a good enough house, which is much above average Japanese

@@fukuoka33 yes! the moment he said block and developing countries i knew! and the office? scammers office.

he literally nepo baby

Negative interest rates and 100 percent depreciation of the house itself will have that effect.

Its because in Japan when you buy a house, it loses value drastically after purchase

FYI most japanese mortgage loans is variable rate, not fixed, so that's why it's so low. with that said there are fixed rate loans too and they are still around 0.9~1.1% so still very low.

Well here in Brazil are 12% to 27% sad only

I bought my apartment in Finland 2020 and I have 0.57%. Pretty sure these numbers have gone up since

Have you thought about moving back to Japan with your kids?

Best kept secret

Yes, but you have to pay mortgage fees of 8% just to get the loan.

That's because real estate in Japan is not considered an investment. A house will be losing value significantly every year. One of the reasons is that new buildings have better earthquake-proof technology

​@@franko8572US mortgages are 8-12% + fee which is often 6-8%....so your point was????

@@shadowblack1987 Fake news. US fees are 8%-12% on a 30 year term, and 1% to close. Japan is 8%-12% and 8% to close.

yeah well , maybe u would do money of fertilizer as countrys don't want that much like russia was a mass prudicer and u could do even garbage , but if u belive in deluge u need to uit china comunism otherwise will be like this always , is called deluge.

I can't agree with you more. The price of rent for just a subdivided flat is so insane.

So what? Income tax in HK is way lower than in Japan

@@robocop581 but the amount u pay for rent is expensive af...damn tiny place

@@rimiko86 But you don't know how much I earn and keep after taxes.

did you stop doing TA yet?

I worked in Japan for more than 5 years as an IT developer. Yearly salary is around 44000 USD. You should think better.

@@Rusu421 glad that you give me your advice, thanks

The rent generally changes when they change tenant.

Wtf every 5 months? Here in Europe we have rent contracts that are sealed for 4 or 5 years.

@@valebliz Naah, common in the Nordics, at least Finland, for rent to go up every year. Mine has a MINIMUM percentage that it goes up, off the top of my head, it's like 6-9%. That's generally due to interests and inflation. I doubt it would ever go down, no matter what. Landlords are insanely greedy in most places nowadays, zero humanity left there. My rent went up during COVID and I was laid off at the time too. Kind of a gut punch to realize that. That said, my apt is stupid expensive for the size anyways, but I was in a hurry to move out of my previous place and I wanted a freshly built apt with fiber internet.

LA is a joke ypu did well by moving out

@@420hotbox36 Armenian mafiosi and Chinese-Indian investors are causing this extortion.

You're right about the 80s! Japan, especially Tokyo, used to be the most expensive place in the world. All these under 50 year old noobs commenting about how "cheap" Japan is need to get a lesson on the history of Japan's economy. Japan is "cheap" for the wrong reasons and it's economy slipping from the second largest, to the third largest, and soon to the fourth largest should be a serious concern to anyone who intends to live there for the long term. I certainly wouldn't invest any money there.

To turn ¥2,500,000 to USD, you knock the last two digits off, so you're saying his rent was $25,000? Was he living in a mansion?

​@@Joopis Back then, the exchange rate was around ¥125/$1, so you'd knock 2 zeroes (the last 2 digits) off and multiply by 0.8....which was US$20,000 per month...so about $240,000 per year. Depends on your definition of "mansion," but it would have been a pretty large, pretty nice unit in a super high-end modern apartment building. We would call them "apartments" in the U.S., but back then, "apaato" (i.e., "apartments" in Japanese katakana) generally referred to older wooden structures with individual "apartment" units in them. "Mansion" generally referred to the more modern and usually more expensive individual apartment units in concrete apartment/condominium complexes with 3+ floors that were built in the 80s and 90s. But the unit that this guy was in was a LARGE step above what a regular person living in Tokyo might have rented. Depending on the location in Tokyo, the size of the apartment or mansion, the number/type of rooms, walking distance to the nearest station, etc. a TYPICAL apaato might cost somewhere in the ¥40,000 - ¥90,000 ($320- $720) range (probably at least the middle two-thirds of the bell curve), and a TYPICAL mansion unit might be somewhere in the ¥80,000 - ¥200,000 ($640 -$1,600) range. (Note: I'm using the 0.8 multiplier from back around early 1989; for today's exchange rate in July 2023 of around ¥144/$1, you would use 0.7, and that would get you to within 1% of the exact answer - i.e., "close enough" for most people and most purposes.) Worth noting that a significant part of the higher prices for mansions relative to apaato units was that - in addition to being much more modern - they also tended to be larger floor plans than the older, more traditional apaato units were. (Hope this deep dive on Japanese mansions (マンション) was helpful - wanted to make sure that we are on the same page with regard to our use here of the word "mansion.") Bottom line, though, the ¥200,000 ($1,600) per month that a regular, more normal Tokyo resident might have been paying for a regular "mansion" unit was less than 1/10th of what this ex-pat CEO's company was paying for the VERY high-end, VERY large unit in Hiro-o that his wife and he were living in. By anyone's standards, this was a luxury living situation.

Apartments ( Japa call it Mansion) in Tokyo for foreigners are not the same size as Japanese apartments, the square meters are triple or quintuple the average japanese apartment sizes therefore the prices obviously are much higher, usually paid by their foreign corporations or the consulates if they work for them. And maid services comes with it too.

I don't really understand my area. In Los Angeles, the Chinese embassy is literally a rented floor of a tall building. Are they even trying? It's LA.

@@ethanchen4504 That's just a consulate. The Chinese embassy is located in Washington D.C..

@X1Xholicx1x Which is also very small and a floor.

​@ethanchen4504 You're in for a shock if you see the building of the Chinese embassy in Paris comparatively. There's literally a small scale castle in the middle of it. It's not known how much they paid for it, but it was sold previously for around 150 millions euros.

why so he can scam you?

@@aznrobot9637 😂 I ain't stupid is the first part, and he definitely doesn't go into enough detail for you to make that sort of judgement on his character, it's possible, but I was more talking about how he seems well-informed about Japan and the process of a foreigner coming into the country.

@@seanm3644 I wouldn't want to listen to a scammer for even a minute. That watch he got probably dumped on their investors

Got to consider that buying a property in Japan shouldn't be taken as an investment. Can't expect 3% or so increase in price as in Europe.

​@@starostadavidThe only thing that has said something interesting has been the German European, who is supposedly the only one they have called to work. The others are there more like tourists, like someone who tells you to buy a house for 500,000 dollars and they give you a visa. permanent... A meaningless one comparing Hong Kong... 😂

That 2br will cost you $3k in japan specifically in tokyo 😂

@@cloverleaf3996 I paid $800 a month for a 3 bedroom apartment in Setagaya Ward, Tokyo, up until 2 years ago when I bought a 3 bedroom home on a 1/4 acre lot in Kawagoe, Saitama, 30 minutes from Ikebukuro for $150,000!

Where do you live in BGC? looking at that price range too!

@@suxiruy1 in Uptown!

And the so-so like us 😂

Us poor foreigners couldn’t afford the plane ticket to Japan and have never even gotten to use our Japanese studies!

Japanese people watch foreigners' videos to learn English as well

last one is perfect japanese.

most likely they came to Tokyo as rich foreigners.Or sent to Tokyo by their Western company. Japan isn't usually the place to go to hit it rich financially.

life goal!!

@@unkopower7899 Is it that much harder to make your wealth in Japan compared to other countries? I know the US is one of the best places to make your money so where would you say Japan places in terms of money making opportunity?

⁠@@amsd1231no Japan is bad for startup if u are a foreigner. It’s not English friendly, different culture and a lot of document processing

to come to Japan (basically Tokyo as that's the jobs center) as a non-japanese, on your own, I think you're at a big disadvantage (just renting an apt, opening bank account, getting a phone will be hard). If you're in some specialized niche industry like dance, acting or music maybe being a foreigner can work to your advantage. But regular industries I believe the pay is much lower than in the US for the same job (and of course you work the crazy Japanese corporate hours). that why it be best to come as a transfer from a job you already have and have the support of a company that'll take care of outside job needs (renting an apt etc).

I paid $800 a month for a 3 bedroom apartment in Setagaya Ward, Tokyo, up until 2 years ago when I bought a 3 bedroom home on a 1/4 acre lot in Kawagoe, Saitama, 30 minutes from Ikebukuro for $150,000!

​@gordonbgraham wow. you can't even get a shed for 150,000 in Ontario, Canada.

@@laxmansaravanakumar8480 Especially in Toronto. I’m 30 minutes from the center of Tokyo. 30 years of stagnation has some advantages.

@@gordonbgraham I don't doubt it.

Yep. Many people don't realize that. I always hear "But Japan is SO expensive!". I mean, sure, the middle of Tokyo is expensive but Japan, compared to the US and Canada, isn't that expensive. Canada for example is insane right now... you can buy a house for less in Tokyo than anywhere in Canada and in Canada it's freaking cold and there's nothing to do unless you're in the city.

great idea

What year was it when you rented and bought a home?

@@dailiguy 2021 is when we bought our home. We rented up until then.

@@gordonbgraham Wow that’s almost unbelievable to me!

@@dailiguy One of the advantages of 30 years of stagnation.

Yeah i don’t believe these people saying they are paying 5-10,000$ a month. I paid 187,000 yen a month. For three bedroom duplex.

Queria saber o que ela faz profissionalmente! fiquei curioso, tinha um jeito meio de "business woman" kk

500 usd will get you to share a 250 sqft studio with about two other people in some of the worst areas lmao. You clearly have not lived in your own place in HK.

Nope, the food is still a lot more expensive than Tokyo 😅

@@YHChiu-jy2yi Well, for meat, I only eat chicken breast and back then I could have 2kg of breast for 3 USD

@@howardlam6181 that's cause locals here hate eating chicken breast lol

​@@YHChiu-jy2yiFood is just a small percentage of monthly costs. You can eat out in HK for as little as US$5 in Dai Pai Dongs.