How do you find a real estate broker in Japan? Well, first of all, let’s define what a real estate broker is. A real estate broker is a real estate professional who specialises in buying and selling real estate for clients. A real estate agent, on the other hand, deals with rentals. Both are licensed [...]
A six-figure income. For many, it’s the mark of financial success, the prerequisite to being upper-middle class. Only 9.08% of Americans make an income of six figures or more. The threshold for a six-figure income is $100,000 a year. People associate six-figure incomes with stressful, professional jobs. Doctor. Lawyer. Wall Street Stockbroker. The association between [...]
As a landlord, there might be a time when you want to, or have to, discontinue (i.e. not renew or cancel) a tenant's lease. It could either be non-renewal or cancellation. For example, maybe real estate prices have surged recently. Perhaps you want to take advantage of the current market and sell the property at [...]
Of course, the owner of a piece of real estate wants to protect his property, and the possessions inside. However, there is more to housing insurance than just what he or she owns. One must also consider other parties, as well. For instance, what about liability the owner might have towards others if his/her property [...]
One morning, James is sitting on a floor chair in his tatami room, sipping green tea and reading Yomiuri Shimbun while intermittently gazing out the window at Mt. Fuji, when suddenly, the whole building starts to sway: gura gura, gura gura. Then the shaking gets stronger: GURA GURA. James runs outside. This is a big [...]
We have a quiz for you. Don’t scroll down and look at the numbers below just yet. Age 65 is a commonly-cited retirement age (for example, it’s the default age to start receiving a Japanese National Pension [国民年金, Kokumin Nenkin]). What is the probability of reaching age 65 for ____? 1. American men? 2. British [...]
On November 27, 2019, the government announced huge changes that affect thousands of international real estate investors living in Japan. The changes regard a tax loophole that has previously allowed many individuals to reduce their income taxes payable in Japan. This would further reduce other taxes payable such as Resident Tax, National Health Insurance tax, [...]
First, two famous quotes: “I hate paying taxes. But I love the civilization they give me” —Oliver Wendell Holmes Jr. (jurist, former Associate Justice of the Supreme Court of the United States of America) “I like to pay taxes. With them, I buy civilization.” —Also Oliver Wendell Holmes Jr. Seems like he couldn’t seem to [...]
Real estate—the most expensive consumer good. Or does it have to be? Look around at the newspaper headlines. The median home value in Los Angeles is $696,900. The average house price in London is £644,215 (about US$828,191). That’s the Western World. What about the East? Singapore: S$1,183,375 (US$874,372). For only HK$4.34 million (US$553,398) you can [...]
Imagine that you have just bought investment real estate, a condominium, in Ginza. The condo looks down on the beautiful Imperial Palace, built in the 17th century, and there are parks and East Higashi-Gyoen Garden nearby. This area is prime real estate, so you know that, once tenanted, the condo will rent for an astronomical [...]
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