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Old 2018-07-29, 06:26   Link #3661
SeijiSensei
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Join Date: Nov 2006
Location: In your bloodstream
Age: 68
The Surprisingly Short Life of a Japanese House

Quote:
According to Nomura, a brokerage, the value of the average Japanese house depreciates to zero in 22 years. (It is calculated separately from the land, which is more likely to hold its value.) Most are knocked down and rebuilt. Sales of new homes far outstrip those of used ones, which usually change hands in the expectation that they will be demolished and replaced. In America and Europe second-hand houses accounted for 90% of sales and new-builds for 10% in 2017. In Japan the proportions are the other way around.
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Old 2018-07-30, 03:26   Link #3662
TinyRedLeaf
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Join Date: Apr 2006
Location: Singapore
Age: 43
Quote:
Originally Posted by SeijiSensei View Post
It is calculated separately from the land, which is more likely to hold its value.
That's interesting. Presumably, the homeowners pay for a lease on the land, as well as for the house, and I wonder how much of the overall price is made up of the land cost.

There's currently a fair amount of angst in Singapore, over the perceived diminishing value of leasehold residential properties. About 90 per cent of Singaporeans are homeowners, thanks to generous government subsidies for public flats, which typically come with 99-year leases. Up until around 2008, such homes could fetch substantially higher resale prices and, as such, they were seen as nearly risk-free retirement assets.

But a growing number of young, aspiring home buyers also felt that the housing market had raced out of their reach, and punished the ruling party heavily in the 2011 elections. The government responded by ramping up the supply of new public flats, and introducing stiff property-cooling measures. Prices of resale flats have since stabilised, as a result.

But stable prices also mean that these homes are not necessarily as valuable as retirement assets as they used to be. Combine this with the fact that some of the oldest flats in Singapore are now close to 40 years old, and are about halfway through their land leases. This creates the growing anxiety about whether the public flats would retain any value at all, the nearer they get to the end of their lease.
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Old 2018-07-30, 15:01   Link #3663
SeijiSensei
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Quote:
Originally Posted by TinyRedLeaf View Post
That's interesting. Presumably, the homeowners pay for a lease on the land, as well as for the house, and I wonder how much of the overall price is made up of the land cost.
Here in America, people generally own both the house and the land on which it is built. That usually includes sub-surface rights as well, as the "Beverly Hillbillies" discovered.

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People do rent apartments or houses from their owners, but they hardly ever lease land for residential purposes.
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Old 2018-08-01, 14:36   Link #3664
SeijiSensei
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Casinos to come to Japan, but very slowly

Pachinko parlors will face new competition now that the Diet has allowed the establishment of three casinos. But I wouldn't worry too much about Konami; they're busy making slot machines.

Quote:
A pet project of Shinzo Abe, the prime minister, the casinos will be embedded in family-friendly resorts, partly in a bid to counter their seedy image. Tempers ran high as the bill inched toward law. An attempt by the government to cut off debate sparked scuffles among lawmakers.

Most Japanese have little enthusiasm for casinos, which they associate with gambling addiction and yakuza gangsters. Nearly two-thirds of the population oppose them. Yet it is not hard to see why the country sets the hearts of casino operators aflutter. Greater Tokyo, with legions of wealthy retirees among its 35m residents, could handily outstrip tiny Singapore as a gambling hub. Sheldon Adelson, the boss of Las Vegas Sands, calls it the “ultimate business opportunity”. Hard Rock Café and MGM Resorts have spent years cultivating local partners in the hopes of getting some of the expected ¥2trn in annual revenue.
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Old 2018-08-02, 08:37   Link #3665
SeijiSensei
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Age: 68
Sounds like the Koreans are facing all the same issues Japan has when it comes to low reproductive rates.

https://www.economist.com/asia/2018/...t-in-the-world
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Old 2018-08-04, 18:32   Link #3666
AnimeFan188
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Join Date: Jan 2008
Japan's middle-aged men hire themselves out
to regain their social status:


"Middle-aged men in Japan have begun offering their advice for hire, in a bid to regain
their masculinity.

Once revered in a male-dominated Japanese society, ’ossan’, middle-aged men, are
now struggling to maintain their social standing in the country’s evolving culture.

The idea was thought up by Takanobu Nishimoto, 50, who spotted a gap in the market
for young people seeking avuncular advice on life’s predicaments but feel unable to
turn to their own family.

Following the boom of self-employed workers that followed the financial crisis Mr
Nishimoto said he founded Ossan Rental service to help older men "regain" their
honour.

The idea has proved popular, with around 10,000 men applying to the site since its
inception."

See:

https://www.telegraph.co.uk/news/201...social-status/
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Old 2018-08-05, 06:38   Link #3667
SeijiSensei
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Age: 68
Tattooed foreign tourists pose problems for onsen owners

Quote:
More than a third of tourists take a dip in an onsen and a growing number of them are tattooed. “Some businesses are at a loss about what to do with all these foreigners,” says Mr Ota [of the Japan Tourist Agency].

“We’re surprised by how many have body art," said one owner.
Many onsen ban tattooed visitors because of the association between tattoos and yakuza.
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Old 2018-08-05, 22:31   Link #3668
TinyRedLeaf
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Join Date: Apr 2006
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An old friend of mine recently shared a documentary about life at a Japanese nursing home. It was produced by an independent expatriate film-maker, who lives in Japan with his two children.

He does great work! This is the first of his four videos about homelessness in Japan. It's well worth a watch.
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You can find his other documentaries here.
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Old 2018-08-18, 08:10   Link #3669
SeijiSensei
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Join Date: Nov 2006
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Age: 68
Fashion retailing for the twenty-first century

Quote:
In the past three months [retailer] Start Today has distributed to just over 1m Japanese customers, free of charge, its “Zozosuit”, a skin-tight, full-body suit covered in around 350 fiducial markers, small objects that can be used as a point of reference for measurements. Shoppers slip on the suit and slowly rotate as their smartphone takes photos.
They have gotten the cost down to $9 per suit, so giving them away has become financially viable. Six percent of Japan's consumers use the suit, but analysts worry there isn't much more room for growth.
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Old 2018-09-24, 23:14   Link #3670
AnimeFan188
Senior Member
 
Join Date: Jan 2008
New Super Mario Bros. U's Peachette Leads to 'Bowsette' Trend on Twitter:

"One thing led to another, and this new figure known as "Princess Bowser" in Japanese
has taken the internet by storm, ranking at least as high as the #4 trending term on
Twitter. She has mostly become known as "Bowsette" in English, and although fellow
fans have created many variations, @ayyk92's original depiction of Bowsette as a
horned blonde in a black dress is most popular. The original Bowsette tweet has received
more than 70,000 retweets and 160,000 likes so far.

Capitalizing on the trend, many other Twitter users have contributed their own versions
of Bowsette, some pulling in inspiration from various Mario Bros. games."

See:

https://www.animenewsnetwork.com/int...witter/.137244

&

https://www.animenewsnetwork.com/int...e-meme/.137287





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Last edited by AnimeFan188; 2018-09-25 at 23:25.
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Old 2018-10-16, 09:39   Link #3671
NoirX
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Join Date: Feb 2012
Location: Tokyo, Japan
Quote:
Originally Posted by SeijiSensei View Post
Tattooed foreign tourists pose problems for onsen owners



Many onsen ban tattooed visitors because of the association between tattoos and yakuza.
Your chances of being accepted when applying for a job also practically non-existent if you're found out having a tattoo due to same reason.
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