(Tokorozawa station, Seibu line)
* Foreigners can buy a property in Japan without having special qualification.
Do you want to join the small handful of people who are doing the house flipping here ?
Maybe we have got a better solution to abandoned houses problem in Japan.
Apparently home flipping investment is a lucrative and fulfilling way to make thousands of dollars within a short period of time in US. But it can also be a difficult and frustrating endeavor when things go wrong.
And things will often go wrong. I have read about the stories that investors talk about the various obstacles in their way. Flipping homes requires hard work, persistence, and a great deal of patience,
because you’ll inevitably encounter problems in the process.
What about the flipping houses Japan ?
Since there are so many abandoned houses here in Japan, can we do something similar ?
The answer is yes and no.
Let me start with the background by quoting an article in The Japan Times.
Background
The Japan Times on December 26, 2017 says “Over 8 million properties across Japan are unoccupied, according to a 2013 government report. Nearly a fourth have been deserted indefinitely, neither for sale nor rent.
In Tokyo — where 70 percent of the people live in apartments — more than 1 in 10 homes are empty, a ratio higher than in cities like London, New York and Paris.
And that figure is expected to soar in the coming decades as deaths outpace births in a super-aging society where more than 1 in 4 people are 65 or older.
Nomura Research Institute, prominent research firm, projects the number of abandoned dwellings to grow to 21.7 million by 2033, or roughly one-third of all homes in Japan.
Meanwhile the population, which peaked nearly a decade ago, is forecast to fall 30 percent by 2065, creating an ever-increasing pool of uninhabited houses.”