Quote:
Originally Posted by Nyororin
That`s because it is generally the other way around in other countries...
In Japan, the value of a place is determined by the value of the land - not by the building. Of course, the building adds to the value of the land for the first so many years, but after a certain point will actually reduce the value of the land. This is similar to a nice garden adding to the value of a house, but a lawn full of unkempt weeds subtracting from it.
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Thanks for explaining it. I mean, in some ways it makes sense now, but it still seems a bit of a shame to be ripping down perfectly good housing and going through all the procedure of building a-new just to beat the paperwork.