NoFakie 45 Posted October 9, 2010 Share Posted October 9, 2010 There will be pockets of opportunity, but its not as easy as before. http://www.bloomberg.com/news/2010-09-27...2-year-low.html You have to wonder about future occupancy too with fewer and fewer young people. Link to post Share on other sites
Go Native 70 Posted October 9, 2010 Share Posted October 9, 2010 Because it's almost impossible for foreigners who don't have permanent residency to secure a loan through a Japanese bank. If you're married to a Japanese national and can secure a good guarantor then you have a pretty good chance if the loan is done through your partner (assuming they have a decent income). Link to post Share on other sites
JA2340 16 Posted October 9, 2010 Share Posted October 9, 2010 Originally Posted By: KRUSTY So where can you borrow money at 0%????????? The offical rate may be close to 0% but the real lending rate is closer to 2%. Poor you!! our Oficial rate in Oz is 4.5%, so borrowing is at around 6%. Link to post Share on other sites
Go Native 70 Posted October 9, 2010 Share Posted October 9, 2010 Originally Posted By: JA Originally Posted By: KRUSTY So where can you borrow money at 0%????????? The offical rate may be close to 0% but the real lending rate is closer to 2%. Poor you!! our Oficial rate in Oz is 4.5%, so borrowing is at around 6%. Which is the reason why I'm looking at getting yen loan for my house purchase in Aus! Link to post Share on other sites
JA2340 16 Posted October 9, 2010 Share Posted October 9, 2010 Go for it, GN. Best of luck! Link to post Share on other sites
bobby12 0 Posted October 9, 2010 Share Posted October 9, 2010 "You have to wonder about future occupancy too with fewer and fewer young people." Not only less young people to rent to, but: Older people dying with no-one to take over the house ==> more land available ==> reduced land prices ==> faster depreciation in value of your property. Link to post Share on other sites
NoFakie 45 Posted October 10, 2010 Share Posted October 10, 2010 I moved from the big city about ten years ago, but a quick Net search shows that I could rent a better place than the one I lived in for at least 25% less than in the year 2000. You can buy a mansion that is said to produce a 10-13% return but for how long? I don't think you can project the current rent into the future. The nasty one too is that as fewer and fewer places take key money, the easier it is for renters to switch to somewhere just a little cheaper. I stayed put living in a real sh!thole for years, but that was I didn't want to give someone a 300,000 yen gift for moving in somewhere else. Compared to then, its a renters' market now. Link to post Share on other sites
KRUSTY 2 Posted October 10, 2010 Share Posted October 10, 2010 Originally Posted By: JA Originally Posted By: KRUSTY So where can you borrow money at 0%????????? The offical rate may be close to 0% but the real lending rate is closer to 2%. Poor you!! our Oficial rate in Oz is 4.5%, so borrowing is at around 6%. Yeah, poor me.........the interest on my loan for property in N.Z is just under 6%. I had enquired about refinancing it a while ago from Japan at a lower rate and the bank here said they would consider it but I never took it any further because of a possible sale of part of the land. If the sale doesnt go ahead in the next six months Im definitely going to try to refinance it from here. Link to post Share on other sites
gerard 6 Posted October 10, 2010 Share Posted October 10, 2010 Markets have been up and up again recently amid disappointing unemployment numbers. Seems wall street is hoping for shitty numbers so that Washington keeps throwing more bones their way. ...And the yen usually falls when people start putting more money back into Wall street but it's still way up there as the B of J tries desperately to reign it in. All of this is too much for me to understand. Actually, what I don't understand is why some of the markets (specifically the N. American ones) are doing as well as they're doing. Time to sell? Link to post Share on other sites
bobby12 0 Posted October 10, 2010 Share Posted October 10, 2010 I want to buy chinese won, everyone seems to say it is kept artificially undervalued by the chinese gov. Link to post Share on other sites
indosnm 0 Posted October 10, 2010 Share Posted October 10, 2010 Originally Posted By: Go Native Originally Posted By: JA Originally Posted By: KRUSTY So where can you borrow money at 0%????????? The offical rate may be close to 0% but the real lending rate is closer to 2%. Poor you!! our Oficial rate in Oz is 4.5%, so borrowing is at around 6%. Which is the reason why I'm looking at getting yen loan for my house purchase in Aus! Hey GN, Don't you have to convert the JP loan into an Aussie loan if you leave Jp? That was my understanding of the one's I looked into, which can work for you but could end up costing more than the interest saved by getting the lower rate. Link to post Share on other sites
Go Native 70 Posted October 10, 2010 Share Posted October 10, 2010 Yeah but I am looking at keeping my job here and keep getting paid into my Japanese bank account. The job I do can be done remotely. The bank wouldn't need to know where I'm living most of the time We'll see... Link to post Share on other sites
seemore 66 Posted October 11, 2010 Share Posted October 11, 2010 Hey GN Thank you for answering half my questions by reading your thoughtful replies. Still need to know whether you have to pay tax on rental income to the Japanese Government if you a charging and running the short term business from Aus for accomodation in Japan? Any help would be good Seemore Link to post Share on other sites
Go Native 70 Posted October 11, 2010 Share Posted October 11, 2010 Yep you pay tax on rental income here in Japan. By paying tax on it here in Japan though you would not have to pay tax on it in Aus. Link to post Share on other sites
Tubby Beaver 209 Posted October 11, 2010 Share Posted October 11, 2010 where presumably the rate would be much higher Link to post Share on other sites
seemore 66 Posted October 11, 2010 Share Posted October 11, 2010 Cheers Mate Ddo you know what rate you would pay ie: % wise. Or how would you find out? Seemore Link to post Share on other sites
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