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> A house around 30 years old is worthless Living in a city which city center was (re-) build between the 16th and 17th century, the 30 years till worthless pu
by PappaPatat 6y ago
> A house around 30 years old is worthless
Living in a city which city center was (re-) build between the 16th and 17th century, the 30 years till worthless puzzles me.
Even the house I live in is over 100 years old and in excellent condition.
Why do houses loose their value so rapidly in Tokyo?
- creamyhorror 6y agoBecause many of them were built cheaply to begin with and develop problems over the decades. They weren't built for long-term living, and in a sense it was the right move since Japan was developing rapidly up till the end of the '80s. (Well-built exceptions probably exist, of course.) And then there's increased earthquake/disaster risk with poorer construction. It's something I wondered about too until I looked at descriptions and photos of >30-year-old houses on real estate sites.
- E14n 6y agoI think that's more perception then reality. I live in a 30 year old house and it could easily last 100 years if properly maintained, but there is little incentive to improve the building because it will not improve the resale value.
- fomine3 6y agoMost Japanese houses are wooden made, and earthquake is often happens.