Originally Posted by
5khours
I would agree, except...
1. If you bought in the late 80's you're never getting your money back.
2. Yields relative to interest rates are pretty high in Japan. (Still have a hard time understanding this.)
3. The high end of the market is actually pretty illiquid.
4. If you buy a brand new condo, add an extra 5 to 10 years to recoup your investment.
1. This depends on where and what. Both equally applicable to all properties at the top of the market.
2. High prices are a function more of supply, location (inclusive of the actual property rather than simply map location), and an almost indefinable set of factors I'll call quality for lack of s better term than anything else I believe.
3. In that there is not much volume traded yes, in that the properties do not or cannot sell, no.
4. If you buy a brand new condo at the top of the market the value is locked in due to Point 2 above. A straight timeline does not exist.