Making Japan Your Home

Japan is one of the most beautiful place that I’ve lived in but it had to be one of the most expensive too.  A friend who is currently in Japan asked if it was feasible to invest in a house since he just got married to a Japanese girl.   He wanted to know if he needed a  credit report to buy a house - so I wrote back to let him know that it’s a tricky thing when it comes to investing in a house.

First, it’s expensive if you don’t know by now to live in Japan - and it is not the house that is expensive - it is the land!  Unlike here in Canada or the States where land is aplenty - it’s a rare commodity in Japan. Getting a loan is not impossible - I think a certain bank does good on the loan for permanent resident. Houses however depreciate over time. The key some believe is to buy land and house which is a little older – perhaps one which has a zero yen value on it but also one which is in very good condition – you must afterall live in it.  The myth about needing to get the wife to own the house is not true - so don’t let the outlaws make you believe that.  Good luck!