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dogsbody70 (Offline)
Busier Than Shinjuku Station
 
Posts: 1,919
Join Date: Jun 2010
Location: South coast England
01-26-2011, 02:02 PM

Quote:
Originally Posted by BokiB View Post
When buying a house in Japan, you need to keep in mind that the majority of houses bought in Japan are actually brand new (I believe something like 80%)

So you might have difficulty selling your house after a while...
excuse me. what do you mean? do you meanif you buy a new house you will have difficulty selling it-- Or if you get an older house you will have trouble selling it.

I was told that many new houses built from a special timber that is very expensive cost a great deal of money.

Are they built to last and survive earthquakes etc.

also I heard that often mortgages are so high that often when the owners pass on-- their family still have to carry on paying the mortgage.

I wonder how difficult it is to actually get a mortgage on Old Property as against modern property.
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