house hunting

A riddle

Posted on by catforehead

The house pictured above is on a major road in the city of Inzai, Chiba Prefecture. It was built in 2004 on a 446.28-square-meter plot of land. The floor area of the house itself is 82.29 square meters. It is less than one minute from a bus station. The bus ride from that station to Inzai Makinohara station on the Hokuso train line is 13 minutes (from Inzai Makinohara to Nihombashi is a little less than an hour). Since the land is relatively large, there are none of the usual privacy problems one gets in Japanese housing developments, and the lack of buildings in the surrounding area means the house gets a lot of sunshine from three different directions.

According to Inzai city records, the average price of a single-family home in this particular area of the city is ¥24 million. This house is now on sale for ¥15 million. It has been on sale for more than three months, which is why we went to see what it looked like. With the conditions we mentioned above, this should be a steal, but for some reason no one seems to want it. Of course, normally in Japan, a house that’s older than 20 years, unless it’s in the middle of a major city, has no value. This one isn’t that old, and though it’s hardly impressive in terms of design or style, it still seems to be in good shape. Moreover, the land, which is on a major thoroughfare, should be worth quite a bit (if Inzai’s assessment protocols can be considered accurate).

But even if the property’s continued vacancy seems a mystery, it’s not a place that we ourselves would ever want to own, and maybe that feeling, more than the logic of the economics, says something.

Go West

Posted on by catforehead

Potential buyers inspect land for sale in Fujino, western Tokyo

Two weeks ago we were at the UR office in Yaesu helping some friends get around the application process and asked the employee about availability. Though there was no ulterior motive behind the question, the woman volunteered that a lot of residents in UR high-rises in the waterfront area were moving out after the earthquake. We were slightly taken aback: Only a semi-public organization like UR would admit to potential renters that people were anxious to leave their properties.

Upon further investigation, we found that the story is a bit more complicated, at least when it comes to buying and selling property. According to various news reports, there has been a notable increase in interest in the Musashino daichi, or plateau, which covers parts of Western Tokyo and Western Saitama Prefecture. This is considered stable land, meaning no risk of liquefaction. The waterfront, of course, is all built on landfill, but there are many other areas located inland that suffered soggy ground after the Mar. 11 earthquake, such as Abiko in Chiba and Kuki in Eastern Saitama, communities that were built on ground that used to be swampland, rice paddies, or even ponds. Usually, you can determine the kind of land an area once was by consulting an old map. If the old name contains words that indicated water, like numa (marsh), then you might want to make sure your foundation is built on piles. In fact, a lot of developers change the names of such places so that people think they were built on solid rock (almost any subdivision with the word oka–hill–is a dead giveaway). Read More

Getting what you pay for

Posted on by catforehead

Room with a view, sort of

Last weekend we traveled up to Nikko to look at properties. Along the way, we could see the damage caused by the earthquake that hit southern Tochigi Prefecture the day before, mostly in the form of blue tarp hastily stretched across roofs where kawara tiles had broken loose. Kawara tends to be used in more traditional houses and is considered to have better weather-proofing and climate control properties than regular shingles. However, they are notoriously difficult to apply and easily come loose during earthquakes. Roofers throughout the Kanto and Tohoku regions are raking it in right now.

Nikko is one of Japan’s most historically significant places and a UNESCO World Heritage site. It was combined with several other neighboring towns and villages some years ago, and the area we visited is in the residential district to the south of the famous temples. In that regard, it isn’t significantly different from your average suburban residential area–meaning it’s cramped and nondescript–though the surrounding mountains and abundant pockets of wooded areas and terraced farmlands give it some character. The first place we visited, in fact, was in a development originally subdivided for besso (second homes). We got off at Tobu Shimo Goshiro station, which was small enough to not have a ticket wicket (we were on the honor system and only required to drop our tickets into an unattended box), and walked for 25 minutes through rolling hills and past the old cedar-lined Nikko Kaido to the subdivision, which didn’t really look like a subdivision when you approach it from the main road. Situated in a grove, it did look like a besso community, meaning the homes were varied in style, shape, and size. The property we were looking at was in the middle, next to a golf course, and the real estate agent from a Shinagawa-based company called Mount, who was going to show us all the properties, was already there getting the place ready for our inspection. Read More

A tale of two properties

Posted on by catforehead

Dark floor, dark room

Across and further down the Sumida River from our apartment is a large condominium complex that has intrigued us ever since we moved here. Legend has it that the late rocker Yutaka Ozaki had just moved into it when he was found not far away in an alleyway one night, dying. It’s a good legend, and like many legends it’s not true. At the time Ozaki was renting a much more commonplace sort of “mansion” in the same neighborhood. But it’s easy to understand why this particular complex has attracted that sort of speculation. Every so often somebody moves out and you see a flier in the mailbox advertising the unit, which tends to fetch a price comparable to new condos even though it was built in 1991. The layouts are more imaginative and seem more livable than those of most condos. Rather than cut a box into rectangles, the designers staggered the position of the rooms along corridors and shaped the building in such a way that every unit looks out on at least two views, meaning there’s more sunlight; or that’s the impression one gets looking at the layout and then at the building’s exterior.

Last week, we finally visited the complex after we saw a flier announcing that two adjacent units on the 14th floor were on sale: a 67-square-meter 2LDK for ¥28 million and a 94-square-meter 3LDK for ¥38 million. Though both of these prices were out of our league we wanted to see what was really there, and were quite shocked at what we found. Read More