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The plan is to bring some abandoned houses and apartments back to the housing market and remove others. It also proposes offering such houses and apartments to low-income earners and child-rearing fam

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A spokesperson for the Ministry of Land, Infrastructure, Transport and Tourism. The government wants to keep the total number of abandoned houses and apartments in Japan at some 4 million or fewer in fiscal 2025. (Jiji Press)

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Sense at last, or another otoshidama to vested interests?

Don't let the real estate agents steal all the value of this plan.

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I applaud the idea, but would like to hear more about HOW they would approach it.

From what I have read the number of unoccupied/abandoned homes etc is over 8million

If they could bring that down to 4million & clean up the worst offending properties by making the OWNERS take responsibility that would be great!

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The MLIT has been putting out some quite intelligent things recently. See: http://japanpropertycentral.com/2016/01/new-reporting-requirement-to-boost-transparency-in-japans-property-market/#more-63823

Perhaps all hope is not lost for the Japanese bureaucracy.

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A waste of time and money. These homes are abandoned because no one wants to live in them, and because there are more homes than there are people. These homes are already for sale for so little that lowering the prices is not going to improve demand, and the money spend to renovate and bring theses houses back onto the market will not earn a return. If such a low is passed, then Mitsui or Mitsubishi will get the contracts to renew the homes, the funds will come from the taxpayers. And if the homes and buildings do not sell, the loss will come out of the pockets of the taxpayers as well. The only ones who will profit are Mitsui and Mitsuibishi, and the politicians who get amakudari jobs in exchange for passing the redevelopment laws.

I follow the foreclosure and tax office listings of houses around Japan just out of curiosity. You can buy a home in many parts of Japan for less than the cost of a used car. But even at these prices there are often few, if any buyers interested.

And with Japan's population set to fall by one-third by the middle of the century, how many more abandoned homes will there be?

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sangetsu....any good deals down on Izu? Where do I find these foreclosure listings?

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sangetsu

A lot of properties sit idle & rot because the families cant bear to sell their long owned properties.... Or siblings disagreeing & over time they rot from lack of use/maintenance & lack of interest of moving back where they are from....

You are right that some are for sale, sometimes at stupid prices because the owners minds are still in the 80s....

It wont be perfect but irresponsible owners need to be taken to task & owners need to realize the values have indeed DROPPED & face reality, but Japanese aren't very good at that

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