There's also the issue of people going to Japan to buy out several properties to then rent them out.

I don't believe there are residency requirements to ownership so the people doing that do not need to go through this flow at all. Just an entirely separate issue, though it might be tackled.

I do have the impression Tokyo is getting similar dynamics to the rest of the world on this front: builders don't care where the money is coming from and so if money from outside the country can get buildings built they're happy.

A friend of mine moved into a sold-out Yokohama tower mansion recently... and despite the bike and car parking being fully booked even more than 6 months in it was _quite_ empty. I have a feeling a lot of people are buying into the market expecting to get easy rental money and not really seeing it.

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socalgal2 4 hours ago | parent | prev | next [-]

Is that a thing? I remember a few years ago when they added a bunch of regulations to rentals that raised the costs.

	▲	dublinstats 2 hours ago \| parent [-]
		I'm guessing they get a business visa based on claiming revenue from the rentals, then use that to sponsor more people as employees. As for regulation costs, airbnbs are notorious for not adhering to regulations. Depends on how well Japan is able to police it.

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0x3f 3 hours ago | parent | prev [-]

There are no residence requirements for buying property in Japan. So... what?

	▲	m463 14 minutes ago \| parent [-]
		From what I have heard, japan tacks on lots of extra costs/taxes for this situation.