https://www.nytimes.com/2023/04/17/realestate/japan-empty-houses.html?smid=nytcore-ios-share&referringSource=articleShare
Japan Has Millions of Empty Houses. Want to Buy One for $25,000?
Japan Has Millions of Empty Houses. Want to Buy One for $25,000?
Houses in Japan typically decrease in value over time until they are worthless — the cultural legacy of post-World War II construction and shifting building codes — with only the land retaining value. Owners feel little incentive to maintain an aging house, and buyers often seek to demolish them and start fresh. But that can be expensive.
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Seetha Ram
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