HomeAre Japanese Homes Really Worthless After 30 Years?Real EstateAre Japanese Homes Really Worthless After 30 Years?

Are Japanese Homes Really Worthless After 30 Years?

Have you ever heard that Japan’s houses only last 30 years? Is it because of earthquakes, Japan’s love of new, clean things, termites, humidity, population decline, or bad construction materials?

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Sources
๐Ÿ›ˆ 30 year building shelf life – http://www.japantimes.co.jp/community/2014/03/31/how-tos/japans-30-year-building-shelf-life-is-not-quite-true/
๐Ÿ›ˆ Great Kanto Earthquake – http://www.metro.tokyo.jp/ENGLISH/ABOUT/HISTORY/history01.htm
๐Ÿ›ˆ Earthquake building codes – http://japanpropertycentral.com/real-estate-faq/earthquake-building-codes-in-japan/
๐Ÿ›ˆ Lifespan of homes – https://www.ft.com/content/d95ea1f6-5512-11e4-b616-00144feab7de
๐Ÿ›ˆ Secondary market for home sales – https://www.ft.com/content/d95ea1f6-5512-11e4-b616-00144feab7de
๐Ÿ›ˆ Japan Real Estate Institute Website – http://www.reinet.or.jp/en/
๐Ÿ›ˆ Inflation-Adjusted Japanese Land Prices – http://www.nri.com/global/opinion/papers/2008/pdf/np2008137.pdf
๐Ÿ›ˆ Vacancy in Tokyo – http://nbakki.hatenablog.com/entry/The_Number_of_vacant_Houses_in_Tokyo_2013 and http://www.toukei.metro.tokyo.jp/kurasi/2016/ku-03.htm and http://www.e-stat.go.jp/SG1/estat/XlsdlE.do?sinfid=000031375040
๐Ÿ›ˆ Vacant and abandoned homes in Japan – http://www.japantimes.co.jp/community/2015/03/06/how-tos/cheap-rural-homes-come-price/#.WHVhxLZ95E4
๐Ÿ›ˆ Types of homes that are abandoned http://www.japantimes.co.jp/community/2012/12/04/how-tos/japans-part-time-landlords-are-overestimating-single-tenant-needs/#.WHVhybZ95E4
๐Ÿ›ˆ Vacancy rate in the 23 wards of Tokyo – http://www.japantimes.co.jp/community/2016/07/02/how-tos/rise-vacancies-wont-mean-drops-rent/#.WTBJj2jytPZ
๐Ÿ›ˆ Japanese population graph – By Demmo – This diagram was created with gnuplot., Public Domain, https://commons.wikimedia.org/w/index.php?curid=8003944
๐Ÿ›ˆ Japanese low birth rate – https://www.nytimes.com/2017/06/02/business/japan-population-births.html?mcubz=2&_r=0
๐Ÿ›ˆ Japanese immigration – https://www.nytimes.com/2017/02/10/business/japan-immigrants-workers-trump.html?mcubz=2
๐Ÿ›ˆ Tokyo Population http://www.metro.tokyo.jp/ENGLISH/ABOUT/HISTORY/history03.htm
๐Ÿ›ˆ Tokyo and Japan population declining http://www.metro.tokyo.jp/ENGLISH/ABOUT/CITY_VIEW/FILES/24_CITYVIEWTOKYO.pdf
๐Ÿ›ˆ Life expectancy – https://www.ssa.gov/oact/NOTES/as120/LifeTables_Body.html
๐Ÿ›ˆ US Housing Vacancies – https://www.census.gov/housing/hvs/index.html
๐Ÿ›ˆ Montreal c1900 By Jackson, William Henry – https://commons.wikimedia.org/w/index.php?curid=1929211
๐Ÿ›ˆ Earthquake Brick House – By Nabin K. Sapkota – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=39888719
๐Ÿ›ˆ Tokyo Firebombing –
https://commons.wikimedia.org/w/index.php?curid=1311305
๐Ÿ›ˆ Great Hanshin Earthquake – By Masahiko OHKUBO from Kobe, Japan – #19950117 Great Hanshin-Awaji Earthquake (HD), CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=48171734
๐Ÿ›ˆ Termites / White Ants –
https://commons.wikimedia.org/w/index.php?curid=8308277
๐Ÿ›ˆ Abandoned Home Japan – By VoyagerMU, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=54322037
๐Ÿ›ˆ Housing Units Vacancy in first quarter 2017 in the United States – https://www.census.gov/housing/hvs/files/currenthvspress.pdf
๐Ÿ›ˆ Map of Japan and popular cities – By Antonioga – Own work adding cities on this map., CC0, https://commons.wikimedia.org/w/index.php?curid=46741412
๐Ÿ›ˆ Prefecture of Tokyo – By T.Kambayashi, OpenStreetMap [3] – OpenStreetMap [1],Ministry of the Environment Government of Japan[2],, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=22745812
๐Ÿ›ˆ Supply and Demand Graph – By SilverStar at English Wikipedia, CC BY 2.5, https://commons.wikimedia.org/w/index.php?curid=4681584
๐Ÿ›ˆ Supply and Demand Graph (More Supply) – CC BY 2.5, https://commons.wikimedia.org/w/index.php?curid=11044484

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