This Dude Just Bought An Entire House In Japan For 69 Dollars
55 days ago
Audio By Carbonatix
The main reason some houses in Japan are selling for insanely low prices is that the population is both shrinking and urbanizing, hollowing out some rural communities to the point where they only have a handful of elderly people living in them anymore. So unmaintained houses are very common, and they're often owned by, say, young people in Tokyo who haven't been back to see the house since their grandparents died and don't want to pay taxes on it.
Additionally, Japanese houses usually aren't built to last; there's a strong stigma to moving into a house where someone has died, houses built under previous building standards are undesirable, and it's hard to fix them up.
