Shouganai
先輩
- 19 Feb 2008
- 60
- 1
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- Thread starter
- #51
foreclosed property not a cliche
This sounds like a lot of unthinking clichés.
Irrespective of all that, yields are actually pretty good in Japan for a Western nation, and better for certain types of investment.
This sounds like a lot of unthinking clichés.
Actually there is very little difference between those concepts - principally its the term of investment. Its such an unimportant distinction that it hardly need be made because whatever you are doing you are likely to be holding a property in Japan for more than 3 years if only to fix it up, and avoid the excesses of capital gains taxes.Please be aware of the difference between speculation and investing.
Doesn't an awareness of risk go hand in hand with any decision, i.e. investment, driving a car, having a baby. Isn't that advice a little self-evident. If you want to advance in life, does one not have to study and understand those risks. So one wonders why one gets disparaged for writing a book about foreclosed property, and criticised by those who have not read it.As they say, "If you don't know what you are doing, the real estate market can provide with an expensive lesson."
Who is saying that? But it might not be as far away as you think, though the odds are looking worse. The coming elections open the prospect of the DPJ controlling both houses of parliament. IF it happens, it will unleash a wave of reform. It's looking less likely, but regardless, there is good reasons for beliefing Japan will adopt reform soon. Why? Its running out of cheap capital, so it will have to resort to printing money, which is stimulus, reforming the economy to boost incomes, or increasing taxation; which at the best of times is not popular.Finally, don't be fooled by anyone who says a recovery is right around the corner. The recovery may be as weak, feeble, and lengthy as the lost decade.
Irrespective of all that, yields are actually pretty good in Japan for a Western nation, and better for certain types of investment.