[protimewaster]

> Those prices seem weird.

I was thinking the same thing. In many parts of the world, even a failing / debt laden business would be worth much more than that.

[bob001]

And yet companies file for bankruptcy and get liquidated all the time versus being bought.

[colechristensen]

In at least some parts of the world real estate isn't the ridiculous "investment" it is in the US.

[juleiie]

Real estate in good location is an investment almost everywhere

Good location being the key here

I doubt a house the price of a new car qualifies as being in a good location.

Tokyo on the other hand… yeah I doubt you would see anything cheaper than couple million dollars there

[colechristensen]

Your straight up guessing with zero information is ridiculous.

The average apartment cost in Tokyo is a little north of $400k (USD), since the year 2000 or so the value of Tokyo apartments has appreciated somewhere around 3% per year. Apartment prices are ALMOST back to where they were in 1989.

[juleiie]

I guess it is a small island after all. Not a great example to extrapolate to more connected economies.

Still, it is twice as expensive per square meter as my European capital city. So looking at it without any historical data it is still much more expensive even with declining population and no immigration.

More like an exception to the rule really as it really has unique conditions as opposed to rest of the world.

[bob001]

> Apartment prices are ALMOST back to where they were in 1989.

You mean when Japan was in an epic price bubble (ie: the imperial palace land alone was worth more than all of California) which was followed by decades of economic stagnation? I'd guess that has impacted their view on real estate to a somewhat unique degree in the world.