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I wish I had that kind of money.

I wonder if there are soot sprites in the attic. Is there a giant camphor tree nearby?

Because buying and not using land is morally wrong.

I could feasibly make $4k pretty quickly, I want my own home, and I've always wanted to visit Japan... 🤔

Because these houses are located in remote, rural areas. They have been abandoned because people are moving closer to the cities or the owners are old/dying and they can't continue maintaining them. The money you save from the initial purchase will all come out of the expenses to renovate and maintain the house because a lot of them are run-down.

Of course if you're the type who wants to live in the middle of nowhere, and you have the money and skills to renovate, this can be for you.

I can imagine this would make your taxes wacky

IIRC Japan's more or less the hardest country out there to immigrate to.

https://i.imgur.com/5A2rOI8.png

You can actually do this in most countries. Public Auctions of homes are for when people don't pay land taxes so the local auditors repossess them and sell them dirt cheap to cover the amount due.

because it's falling apart and needs a lot of investment to renovate and make it habitable.

Hey if this also gives me a path to residency...

I understand the Japanese don't like old houses. Homes are regularly torn down and rebuilt. Do some research, but it might not cost as much as in the West to rebuild.