How Much Do You Pay For Rent? TOKYO, JAPAN (Rich Foreigners)
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- Опубликовано: 27 июн 2023
- We went to the richest neighborhood in Tokyo, Japan (Hiroo) and asked wealthy foreigners/expats how much they pay for rent and what they do for a living! Tokyo recently ranked as the 10th most expensive city in the world and 3rd most expensive for expatriates. Let's see how much it actually costs for these people that are living the "Japanese Dream"!
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If you're reading this, comment down below where we should go to ask people's rent next!
The VP was very generous with information regarding buying a home in Japan. Much love for that guy and thank you for the vid!
Bro, your comment deserves a heart
Really loved Jeff's segment, he was very detailed and forthcoming with info and generous with his time. Andy's too!
ask people living in japan how much they work in a week
💀
Yeah 😂
@@user-aakiそれでもブラックなところ多くないですか？
@@user-bf2xp3he2h 年俸制で残業代は深夜割増のみ、サビ残当たり前な職場、家に持ち帰って仕事... などまだまだブラックなところ多いですね
A German RUclipsr (mr nipon) di this and Most people Say 40h and no Overtime. I think that for them it is a very personal thing and it is not easy to get the truth through this kind of interviews
Def would love a part 2. I love videos like these especially your videos. You always get straight to the point and keep things interesting.
@@syariman9060 haram
you should also ask everyone you interview what's their japanese level (non-existent, beginner, conversational, fluent, etc)
I'm curious to know the Japanese level of the guy who models and organizes events. I had a vibe of he barely speaks any japanese but I might be completely wrong and he's completely fluent.
Jeff really knows whats up, live in the outskirts of Tokyo, or consider living in northern part of Yokohama. Probably even less stressful, affordable, more peace.
The guy who bought the house seemed like the best at spending their money, bought a house at a mortgage of 0.69% in a relatively affordable area vs some other people in the video spending half of their income on rent alone.
Hes in fintech / finance industry so its not unexpected
Homes in Japan don't generally appreciate or even keep value. So while 0.69% is very affordable, whatever you sink in to the house is not all going to be there when are you ready to move on.
I think its a dream for any part of the world to pay 0.69%
@@BraveNewWorldSHprobably in that part of town a condo will hold value
@@JegErN0rsk ruclips.net/video/b1AOm17ZUVI/видео.html
Dope vid man. Would love to see part 2!
This is a great interview overall. Keep working hard.
Thanks man for the great interview video.
I lived in 広尾 for four months in 1986 while working for EDS. My wife and I lived in a really nice apartment with a sauna, Japanese garden, big bedroom, kitchen, and living room. Don’t remember for sure, but think the company was paying over $10,000 for rent at the time. Haven’t been back to Japan since but am planning a 3 week trip next year. We can hardly wait!
What part of Hiroshima
as a hong konger i can approve that everything the second lady said is a 100% true
yeah well , maybe u would do money of fertilizer as countrys don't want that much like russia was a mass prudicer and u could do even garbage , but if u belive in deluge u need to uit china comunism otherwise will be like this always , is called deluge.
I can't agree with you more. The price of rent for just a subdivided flat is so insane.
So what? Income tax in HK is way lower than in Japan
@@robocop581 but the amount u pay for rent is expensive af...damn tiny place
@@rimiko86 But you don't know how much I earn and keep after taxes.
I lived in Japan for 4 years 20 years ago. Currently, I live in Portland. I went back to Japan with my kids last summer and I was shocked at how cheap it has become. Portland is significantly more expensive than Tokyo is. Prices in Portland have shot up drastically over the last 20 years, but Tokyo is basically the same price as before, making it relatively cheap.
Have you thought about moving back to Japan with your kids?
Great video and very insightful!
I love how you interact with everyone. ❤
awesome content bro i love always seeing when you upload
The main thing about affordability in Tokyo imo is that you can eat very cheaply here if you want to. There's so much extremely cheap food/drink in conbinis and supermarkets that you can live off of. Inflation has made it a bit costlier the past few years but still not too bad.
Wow 0.69% mortgage compared to 7% in US right now is night and day difference. The lowest it was in US a few years ago was around 2.75% and that was a historic low. Very impressive.
Negative interest rates and 100 percent depreciation of the house itself will have that effect.
Its because in Japan when you buy a house, it loses value drastically after purchase
FYI most japanese mortgage loans is variable rate, not fixed, so that's why it's so low. with that said there are fixed rate loans too and they are still around 0.9~1.1% so still very low.
Well here in Brazil are 12% to 27% sad only
I bought my apartment in Finland 2020 and I have 0.57%. Pretty sure these numbers have gone up since
Great video! Super interesting
Seeing you're new video after 38sec is crazy 😂
Blown away by the humility and gentle confidence of the fintech guy. Speaking on responsible purchasing, spreading his company, accomplishing his goals, speaking with pride about the Japanese people - gorgeous. Money doesn’t ruin everybody ❤
@@fukuoka33 yes! the moment he said block and developing countries i knew! and the office? scammers office.
he literally nepo baby
thank you for the insight. great job.
Totally blown away by the mortgage rates in Japan. I was lucky to buy when the rates were low, but below %1 is a whole different level. keep up the videos!
Best kept secret
Yes, but you have to pay mortgage fees of 8% just to get the loan.
That's because real estate in Japan is not considered an investment. A house will be losing value significantly every year. One of the reasons is that new buildings have better earthquake-proof technology
@@franko8572US mortgages are 8-12% + fee which is often 6-8%....so your point was????
@@shadowblack1987 Fake news. US fees are 8%-12% on a 30 year term, and 1% to close.
Japan is 8%-12% and 8% to close.
Jeff is super smart! Lots of great insights
so proud of you bro..i first bumped to your channel when you are just under a thousand subscribers.... road to million subs next!
_Do_ wanna see a part 2, thank you.
The last interview was a score!
did you stop doing TA yet?
The nice thing about Tokyo compared to other major global cities is that you can live in the outskirts without worrying about being connected to public transport or safety. This can save you a lot. Also for people coming from other high tax places (EU, UK, Canada, etc) a lot of skilled work has salaries comparable to USD pay rates. So in Tokyo my salary is closer to what it is in the USA vs Canada which makes a BIG difference.
What do you do for a living??
My guess is software. The top companies pay pretty well in Tokyo, like 100-300k USD range
@@ImpactfulEASON suppose think that i started as a fresh software developer and worked for 5 years there.... Can i buy a mid luxurious house and a lambo urus there??
That's what Taiwan adopted with 3 of their major cities. That's why sometimes traveling back and having to use personal vehicle for transport feels annoying for me, I mean... Not only you need both hands on the wheels... there's traffic you need to account for. Instead of a setted time punctual to the tee that's available on the screens even before you left your house if you were to use the MRT.
@@ab_01kawaii do your homework with numbeo, but working as a software developer won't get you a luxurious house, just a good enough house, which is much above average Japanese
just subscribed. nice content! keep it up
nice video i love it let go part 2 !
Love these videos, please do more of those
Would be dope to see some apartment tours!
Thanks for making this video, I feel like I am more motivated to prepare myself to work in Japan! hopefully it will happen one day!
I worked in Japan for more than 5 years as an IT developer. Yearly salary is around 44000 USD. You should think better.
@@Rusu421 glad that you give me your advice, thanks
one other point - rare for Japanese landlords to raise the rent. My rent in Tokyo has NOT changed in 4 years! in Los Angeles my rent kept going up every 5 months, even my storage unit in LA the rent seems to go up every few months.
The rent generally changes when they change tenant.
Wtf every 5 months? Here in Europe we have rent contracts that are sealed for 4 or 5 years.
@@valebliz Naah, common in the Nordics, at least Finland, for rent to go up every year. Mine has a MINIMUM percentage that it goes up, off the top of my head, it's like 6-9%. That's generally due to interests and inflation. I doubt it would ever go down, no matter what. Landlords are insanely greedy in most places nowadays, zero humanity left there. My rent went up during COVID and I was laid off at the time too. Kind of a gut punch to realize that. That said, my apt is stupid expensive for the size anyways, but I was in a hurry to move out of my previous place and I wanted a freshly built apt with fiber internet.
LA is a joke ypu did well by moving out
@@420hotbox36 Armenian mafiosi and Chinese-Indian investors are causing this extortion.
My grandfather runs a luxury rental apartment complex for embassy staff and expatriates, with 2 or 3 bedrooms and over 100 square meters. The rent is usually around 1 to 2 million yen per month.
Celebrities also tend to live in such apartments.
There are many such apartments in the five central wards of Tokyo (Chiyoda, Minato, Shibuya, Shinjuku, and Chuo), but the most popular area is the western side of the five central wards of Tokyo, from Minato to Shibuya. This area is home to embassies of more than 100 countries.
I don't really understand my area. In Los Angeles, the Chinese embassy is literally a rented floor of a tall building. Are they even trying? It's LA.
@@ethanchen4504 That's just a consulate. The Chinese embassy is located in Washington D.C..
@X1Xholicx1x Which is also very small and a floor.
@ethanchen4504 You're in for a shock if you see the building of the Chinese embassy in Paris comparatively. There's literally a small scale castle in the middle of it. It's not known how much they paid for it, but it was sold previously for around 150 millions euros.
As expensive as these rents sound in today’s terms, Jesse, Hiro-o was even crazier in the late 1980s when it came to what expats paid for rent…and what their companies were willing to pay! I knew the non-Japanese, expat country head of Japan for a major U.S. beverages company at the time, and his wife and he lived in Hiro-o. His monthly rent allowance from the company was US$20,000.
In early 1989, the US$ to yen exchange rate was around 125, so his *monthly* rent in yen was around ¥2,500,000. But remember that his company was paying for all of that, and it’s entirely possible that he was unaware of what the number actually was. (When I asked another friend what the rent in Hiro-o was for his family and him around that time, he told me that “all of that was handled by the company. [He] never saw a rental contract or heard a number.”)
The point that Denton made toward the end of this video about “the rest of the quality of life based around the apartment [he] lives in makes the value so much better than the price” he would pay in Livingston, NJ (if I heard that location name correctly?) is 100% correct. Although the living spaces are smaller than would be typical in many parts of the U.S., the overall value you get for your money in terms of quality of life makes Tokyo a *much* better value than you will find today in most parts of the U.S.
Great video and interviews, Jesse - I would love to see a “Part 2” of this video!
You're right about the 80s! Japan, especially Tokyo, used to be the most expensive place in the world. All these under 50 year old noobs commenting about how "cheap" Japan is need to get a lesson on the history of Japan's economy. Japan is "cheap" for the wrong reasons and it's economy slipping from the second largest, to the third largest, and soon to the fourth largest should be a serious concern to anyone who intends to live there for the long term. I certainly wouldn't invest any money there.
To turn ¥2,500,000 to USD, you knock the last two digits off, so you're saying his rent was $25,000? Was he living in a mansion?
@@Joopis Back then, the exchange rate was around ¥125/$1, so you'd knock 2 zeroes (the last 2 digits) off and multiply by 0.8....which was US$20,000 per month...so about $240,000 per year.
Depends on your definition of "mansion," but it would have been a pretty large, pretty nice unit in a super high-end modern apartment building. We would call them "apartments" in the U.S., but back then, "apaato" (i.e., "apartments" in Japanese katakana) generally referred to older wooden structures with individual "apartment" units in them. "Mansion" generally referred to the more modern and usually more expensive individual apartment units in concrete apartment/condominium complexes with 3+ floors that were built in the 80s and 90s.
But the unit that this guy was in was a LARGE step above what a regular person living in Tokyo might have rented. Depending on the location in Tokyo, the size of the apartment or mansion, the number/type of rooms, walking distance to the nearest station, etc. a TYPICAL apaato might cost somewhere in the ¥40,000 - ¥90,000 ($320- $720) range (probably at least the middle two-thirds of the bell curve), and a TYPICAL mansion unit might be somewhere in the ¥80,000 - ¥200,000 ($640 -$1,600) range. (Note: I'm using the 0.8 multiplier from back around early 1989; for today's exchange rate in July 2023 of around ¥144/$1, you would use 0.7, and that would get you to within 1% of the exact answer - i.e., "close enough" for most people and most purposes.)
Worth noting that a significant part of the higher prices for mansions relative to apaato units was that - in addition to being much more modern - they also tended to be larger floor plans than the older, more traditional apaato units were. (Hope this deep dive on Japanese mansions (マンション) was helpful - wanted to make sure that we are on the same page with regard to our use here of the word "mansion.")
Bottom line, though, the ¥200,000 ($1,600) per month that a regular, more normal Tokyo resident might have been paying for a regular "mansion" unit was less than 1/10th of what this ex-pat CEO's company was paying for the VERY high-end, VERY large unit in Hiro-o that his wife and he were living in. By anyone's standards, this was a luxury living situation.
Apartments ( Japa call it Mansion) in Tokyo for foreigners are not the same size as Japanese apartments, the square meters are triple or quintuple the average japanese apartment sizes therefore the prices obviously are much higher, usually paid by their foreign corporations or the consulates if they work for them. And maid services comes with it too.
I could listen to Jeff talk all day
why so he can scam you?
@@aznrobot9637 😂 I ain't stupid is the first part, and he definitely doesn't go into enough detail for you to make that sort of judgement on his character, it's possible, but I was more talking about how he seems well-informed about Japan and the process of a foreigner coming into the country.
@@seanm3644 I wouldn't want to listen to a scammer for even a minute. That watch he got probably dumped on their investors
From now on "KUCHISABISHII" is my favorite word, even if I'm broke. Thank you!
I used to live in Hiroo, paid ¥150,000 for 1LDK, was very convenient, on the back end of the shotengai. Also lived in Komaba first, tiny place my first 5 years in Tokyo, then moved to Hiroo as aforementioned, after that, Komazaa, shared a house w/ 2 other guys then lastly, ¥140,000 (1 LDK) in Azabudai very near Roppongi.
In Finland, we had sub-0% mortgages for quite a bit last year, now they're up to like 4% for the most part to curb rising inflation and the country is diving into a recession soon. Tons of people have had their rates go up so much that they can't afford to live in their houses and selling is hard cause everything else besides mortgage has gone up too, so people moving in would be very vary of "hidden costs".
4:50 bruhh minatow-kuw
Great interviews tho love your content man
Jeff was super! His advice was really practical and helpful. Thanks for making these videos!
Funny how the German guy is wearing Jack and Jones t-shirt (very typical men brand which every man in their 30s and 40s wear in Germany) and hasn’t really changed his style much even though he lived there 3 years, such a German man.
yesss part to please
The people you were able to interview awesome from head of a company , consultants and startups.
Great video!!!
Very informative video,❤ 私は🇧🇩出身です
great video!
Jesse I really appreciate ur channel. I first saw u on JennyK. I luv that ur very respectful & that beautiful aura. I wish u super success
Japan is surprisingly affordable. I live in BGC, Manila, and pay around $1.2k a month in rent for a 2br. Too bad it's probably very difficult to reside in Japan if you don't have a job based there.
That 2br will cost you $3k in japan specifically in tokyo 😂
@@cloverleaf3996 I paid $800 a month for a 3 bedroom apartment in Setagaya Ward, Tokyo, up until 2 years ago when I bought a 3 bedroom home on a 1/4 acre lot in Kawagoe, Saitama, 30 minutes from Ikebukuro for $150,000!
Where do you live in BGC? looking at that price range too!
@@suxiruy1 in Uptown!
really interesting point about the very low mortgage rates in Japan, that Jeff mentioned. Until the middle of 2022, banks in germany were also offering comparable low rates on house loans, which pushed the purchase price for houses to ridicolous amounts; however people with an average income were still be able to easily cover the monthly repayments due to the very low mortgage rates. What then happended is that the european central bank pushed up the interest rate level to compensate high inflation effects that europe is currently suffering from and as a result suddenly the mortgage rates raised from 0,5%-1,5% to more than 4%. Lucky for a great portion of house loaners that they have a guaranteed stable interest rate for up to 10 years, before it is adjusted to the current market interest level, which would made a lot of house owners unable to make their monthly repayments and a lot of real estate would be dropped on the market, causing the purchasing prices to drop significantlly (prices are already dropping) and forcing people to sell their houses for a way lower amount than what they have spent on it. There are telltale signs that the inflation rate will be stabilizing again to a more normal level and the high demand of living space will counteract this situation by a specific portion; however still a concerning situation, that many people are currently challenged with. Would be really interesting to know, if there is a comparable situation in Japan?!
Got to consider that buying a property in Japan shouldn't be taken as an investment. Can't expect 3% or so increase in price as in Europe.
@@starostadavidThe only thing that has said something interesting has been the German European, who is supposedly the only one they have called to work. The others are there more like tourists, like someone who tells you to buy a house for 500,000 dollars and they give you a visa. permanent... A meaningless one comparing Hong Kong... 😂
I love this series. Looking forward to more.
Nice vid!
Great video
Jeff seems like an awesome person
mortgage rate.69%????? whaaaaaa
just found your channel - as someone who wants to go back (and live in) Japan - awesome channel! subscribed!
Yessir. These videos are so good
lower down your shutter speed bro, you won't regret it. great vids, keep going!
part 2 poor foreigners next pls!
And the so-so like us 😂
Us poor foreigners couldn’t afford the plane ticket to Japan and have never even gotten to use our Japanese studies!
My vote would go for the guy living in Yokohama. Just a lovely and convenient city. Second prize goes to the Kiyosumi chap, since I live in the same area as well. Cost/performance wise, this is a great choice.
new goal. Become a rich foreigner in Tokyo
most likely they came to Tokyo as rich foreigners.Or sent to Tokyo by their Western company. Japan isn't usually the place to go to hit it rich financially.
life goal!!
@@unkopower7899 Is it that much harder to make your wealth in Japan compared to other countries? I know the US is one of the best places to make your money so where would you say Japan places in terms of money making opportunity?
@@amsd1231no Japan is bad for startup if u are a foreigner. It’s not English friendly, different culture and a lot of document processing
to come to Japan (basically Tokyo as that's the jobs center) as a non-japanese, on your own, I think you're at a big disadvantage (just renting an apt, opening bank account, getting a phone will be hard). If you're in some specialized niche industry like dance, acting or music maybe being a foreigner can work to your advantage. But regular industries I believe the pay is much lower than in the US for the same job (and of course you work the crazy Japanese corporate hours). that why it be best to come as a transfer from a job you already have and have the support of a company that'll take care of outside job needs (renting an apt etc).
this was a good video for me, who is interested in moving to japan.
One of my life's goals is to live in Japan for at least a year!
My guy Jesse I see you with that interview at the end
For reference, the prices of rent in Tokyo are about equal to my rural middle of nowhere town in the US with a population of 15000, (not 150,000). Compare tokyo to NYC or any big american city and tokyo seems practically free. Think about it, 4000$ a month for a HOUSE in TOKYO vs 5000$ a month for a studio in NYC. Its absurd.
I paid $800 a month for a 3 bedroom apartment in Setagaya Ward, Tokyo, up until 2 years ago when I bought a 3 bedroom home on a 1/4 acre lot in Kawagoe, Saitama, 30 minutes from Ikebukuro for $150,000!
@gordonbgraham wow. you can't even get a shed for 150,000 in Ontario, Canada.
@@laxmansaravanakumar8480 Especially in Toronto. I’m 30 minutes from the center of Tokyo. 30 years of stagnation has some advantages.
@@gordonbgraham I don't doubt it.
Yep. Many people don't realize that. I always hear "But Japan is SO expensive!". I mean, sure, the middle of Tokyo is expensive but Japan, compared to the US and Canada, isn't that expensive. Canada for example is insane right now... you can buy a house for less in Tokyo than anywhere in Canada and in Canada it's freaking cold and there's nothing to do unless you're in the city.
Eat Play Works, my motto
that lady is speaking truth right there, i was born in Hong Kong and everything in Hong Kong is just very very expensive like rent, food, just everything, when i moved to Canada when i was 12, everything in Canada is just way cheaper than Hong Kong and i live in the most expensive city in Canada Vancouver and thats how expensive thing in Hong Kong is
Loved it, also shows why most working Japanese dont live in central of tokyo!
I'm jealous with that cost of living and still have that quality of life.. I wish my mortgage was that cheap.. You should do a street interview where you ask Japanese citizens what they think cost of living is in Vancouver, San Fran, NYC etc is..
great idea
Interesting! I came over to Europe for the quality of life after working like hell in Tokyo. But with the Japanese yen being really weak, I feel like everything in Japan is a good deal. Next time, pls interview people in a rural but international town in Japan✨
I am going to learn japanese. Prepare for the language proficiency test. Then work on my resume. I think moving to japan would be nice.
Fellow Brazilian 🇧🇷🇧🇷🇧🇷
Queria saber o que ela faz profissionalmente! fiquei curioso, tinha um jeito meio de "business woman" kk
nice office tour
Wow that's an incredible mortgage rate! I wish I could buy and live there. More corporations should consider relocating their staff their and let them raise children there too.
the double subtitles, man , you are making this so great as I want to learn japanese, it helps a lot.
but please ONLY with full japanese people hahahaha
Japanese people watch foreigners' videos to learn English as well
last one is perfect japanese.
I paid ¥80,000 ($800) per month for a 3 bedroom apartment in Tokyo. I bought a 3 bedroom home on a 1/4 acre lot in Saitama, 50 minutes from Ikebukuro (on the Yamanote Line in Tokyo) for $150,000! The same home would have cost me 10 times as much in my native Toronto, Canada.
What year was it when you rented and bought a home?
@@dailiguy 2021 is when we bought our home. We rented up until then.
@@gordonbgraham Wow that’s almost unbelievable to me!
@@dailiguy One of the advantages of 30 years of stagnation.
Yeah i don’t believe these people saying they are paying 5-10,000$ a month. I paid 187,000 yen a month. For three bedroom duplex.
some of the rents are just insane ... I will be in Japan for 2 years starting next year with a Student Visa and hope to find a job afterwards as I love japan (not as a wealth immigrant as I probably will earn less if I find a job at all) but because I love Japan.
I already looked at some places that want less then 600$ a month but its all only like 10-15m² ....
Right now in my Country I pay ~800$ for 56m²
I saw you at Uneo cross walk section 2 days ago bro. You were sitting down talking to some Mixed race dude cospressing as ONE PIECE.
that last girl . i seen her before .. i think she used to work at Tokyo Hentei Club
In France we had the same, low mortgage rate locked for the whole duration of it. I had mine at 0,82% for a 20 years period.
I was paying USD500 for rent in Hong Kong. The food there is really cheap if you don't shop in supermarket but at budget stores or the street market. You can also buy vegetables at night when shops are closing up for a huge discount.
500 usd will get you to share a 250 sqft studio with about two other people in some of the worst areas lmao. You clearly have not lived in your own place in HK.
Nope, the food is still a lot more expensive than Tokyo 😅
@@YHChiu-jy2yi Well, for meat, I only eat chicken breast and back then I could have 2kg of breast for 3 USD
@@howardlam6181 that's cause locals here hate eating chicken breast lol
@@YHChiu-jy2yiFood is just a small percentage of monthly costs. You can eat out in HK for as little as US$5 in Dai Pai Dongs.
the poor lady's umbrella LOLL 10:21
how to become rich in tokyo: be rich before hand
I rent a house in Kumagaya. My company pays about 30,000 Yen per month and I pay about 40,000 per month. I have a back yard garden where I grow my own vegies.
I live in CA. I pay $4,000 per month for a 2-bedroom. I used to live very close to UCLA, and rent for a similar place was $10,000 per month. So when you guys think these rents are high .......... I VOLUNTEER AS TRIBUTE
Just make me realize my coworker made a steal then. Has a very nice bright 2 bedroom apartment close to Hollywood , good neighborhood for 2.5k
@@DDHDTVits impossible to find a 2 bedroom for 2.5k near hollywood
$4000?
@@AN-Reasonstolove $4,000 and like the user above says, some people do have nice places for less, but that’s because they got the places a long time ago and annual rent increases are controlled. So if you never move eventually you’ll have an affordable place because the rent will barely change. But that strategy can take 20 years.
The goal is to make the average person stay poor and never get rich
Der deutsche CFO im jack &jones shirt so bodenständig haha mega
Dude, this video was BANGING. I lived in Tokyo and worked as a model for a year (1986-1987). I loved it and I wanna come back! Plus, I do Judo! Anyway, great channel, duly suscribed!
Mortgage is only so cheap (0.7%) because of the Japanese housing market crisis, I wrote a dissertation in my university studies (bachelor in RE) about it and held a presentation. Japan has a very old population which lad to a big increase of the offer in the market for buying, which explaines why the rents in these areas are quiet high since the rents are probably controlled from very few investors since the market isn’t easy :)
Correct me if I am wrong
Japan is the only western country that kept printing money through this recent inflation crisis. Their currency will be the first to blow up, but that's another story. There is also a low level of immigration that helps to keep demand pressure lower, coupled with the fact that Japanese places are literal shoeboxes without insulation. American and European places require much more materials to build because of the size, requirements for insulation and the poor placement due to shitty zoning laws.
I'd say, here in germany people do speak their mind... but reading between the lines is still needed, especially with older people 70s and under.
first time seeing someone taller then jesse in japan😂
That boi Jeff putting Jersey up in da map Lmaooo
dude jinxed it. they finally raised their rates for the first time in 25 years
Tokyo has gotten hell diverse
Tokyo cannot possibly be so expensive as rank #10, the raters have no idea where to shop, it is one of the cheapest cities in the developed world. Only about 1/5 or less the prices of other financial center cities such as NY, London, SF, Hong Kong etc. .
Inflation in Europe and the United States and deflation in Japan will affect exchange rates. But if you want to buy a room in a nice new 2000 square foot residence in central Tokyo, it's $10 million. In another example, in 2014 a Singaporean company bought a mansion on 180,834 feet of land in Tokyo's Minato Ward for $300 million.
@@maplefreak64 I paid $800 a month for a 3 bedroom apartment in Setagaya Ward, Tokyo, up until 2 years ago when I bought a 3 bedroom home on a 1/4 acre lot in Kawagoe, Saitama, 30 minutes from Ikebukuro for $150,000!
@@maplefreak64 that is only if you want the absolute most expensive area in the newest and shiniest of buildings, and if those places are in NY or London they would cost well over 100M. Even 4 bed rooms just 15 minutes from shibuya is only 1M. If you are not picky about best locations, you can easily get 1500 sqft for 400-500k USD. 10M price point locations is difficult to find, even places above 3M is difficult. Very few places cost that much. In general, just take the price of NY or London and divide it by 10 for the Tokyo price for similar locations.
@@gordonbgraham The Tokyo metropolitan area has a larger area than New York, etc., and there is a wide range in housing prices depending on the type of building, such as wooden construction and buildings. It was announced that the average apartment price in the Tokyo metropolitan area in March this year was 143.6 million yen. The average price of an apartment in Tokyo's 23 wards is over 200 million yen. The average price of an apartment in the most popular Minato Ward area is 665,470,000 yen. On the other hand, one of the characteristics of Tokyo is that there are many attractive rental apartments for 100,000 yen. As an aside, the apartments in Setagaya prepared for students share toilets and showers with others, but I know of an apartment that can be rented for 20,000 yen. A friend lived there. Although there was no entrance and it was necessary to go in and out through the window in the garden.
@@megacat The Upper East Side of Manhattan has an average price of $1500 per square foot. $3 million for a 2000 square foot room. The average price of a new apartment in Minato Ward is 4.03 million yen per square meter. A room of 200 square meters costs 806 million yen. As of 2023, the average occupied area of a new apartment in Minato-ku, Tokyo is 165 square meters and the average price is 665.47 million yen.
Expanding the area a little further, the average price of an apartment in the 23 wards (new and used) is 200 million yen, and the average price of an apartment in Tokyo (new and used) is 143.6 million yen. The source is from a paper compiled by the Real Estate Economic Institute.
Denton and Noah are my favorite characters!!! 10:02
nice one
In Vancouver in a single building the rate can change from 3-4k dollars to 10k. I don't find it worth it though, the visitors to the beach in front of our apartment are really rude and noisy. Can't wait to move to Japan.
Great energy. Loved the little snippet of the office area you toured.
You boys have a good eye for talent 😏
1:53 head of asia))) That's priceless!!😆😆