Would You Stay, or Go?

[Steam]

^^ Come on over dick. I work with a couple of Kiwis who love it here including their regular jaunts around the European continent and they say they will probably never go back to New Zealand for longer than a holiday.

I don't much like the cold dark months of December to February although to be fair some nice if rather short days can be had even in those months and Christmas in the cold can't be beat but I'll be travelling around Thailand for those three months.

[Steam]

Must be getting cold over there in your little shit hole Eh.

Not that cold yet. T shirt weather has departed but it's sweater weather rather than hat and gloves for a few more weeks then I'm out of here.

[NZdick1983]

Sounds tempting mate... we both love traveling and experiencing new adventures.

I believe you can be happy wherever as long as you are with the one you love.

[baconandeggs]

Absolutely, 100% in my name bro. They encourage foreign investment.
With the next rugby world cup being held in Japan in 2019 *other positive factors as well... I think it's a good time to buy.

They (Japan) also have the lowest mortgage rates in the world less than 1%
so even if you have the cash to buy your house there, don't! pay your mortgage
over 30 years.

We plan to buy at least 2-4 small apartments, rent them out which will be enough to pay for our mortgage/living expenses on a new house.
A beautiful, modern brand new 4 bedroom/2 bathroom/concept home with sky living (patio BBQ area on the top floor) with yard/car park can be had from $250k - $300k.

We can't/won't invest in a house in NZ as an average (not even nice) house in Auckland is around 1 million. (fook that!)

Over the course of a 30 yr mortgage - your interest on $300k will be $30k
(I shit you not).

"Yes, provided you have the cash or finance. Unlike many other countries, there are currently no laws or regulations in Japan that prohibit or control the purchase of Japanese real estate by foreigners.

There are no restrictions over residency or visa status. In fact, you can even buy and own Japanese real estate without ever having visited the country (although it is not recommended to purchase sight unseen)."

Japan Property Central » Can a foreigner purchase property in Japan?

Says only residents can borrow in Japan and land near military places isnt for foreigners.

Prices are $800,000+ on that link.

Not sure where these $25,000 houses are

[baconandeggs]

^^ Come on over dick. I work with a couple of Kiwis who love it here including their regular jaunts around the European continent and they say they will probably never go back to New Zealand for longer than a holiday.

I don't much like the cold dark months of December to February although to be fair some nice if rather short days can be had even in those months and Christmas in the cold can't be beat but I'll be travelling around Thailand for those three months.

Only 5 or 6 people left in nz.

[taxexile]

Must be getting cold over there in your little shit hole Eh.

Not that cold yet. T shirt weather has departed but it's sweater weather rather than hat and gloves for a few more weeks then I'm out of here.

the short winter days are more of a problem than the weather, there is as much beauty in rain and mist as there is in sunshine, the autumn colours are stunning at the moment and the exciting changeability of the british weather should be glorified rather than vilified. low temperatures can easily be accommodated merely by wearing another layer of clothing.

thai weather presents more of a problem than british weather, continuous sunshine and cloudless skies might be all one wishes for, but the reality is a bore and a hindrance to enjoyment. it is just too hot and for a large part of the year the humidity is uncomfortable and intolerable. it is far easier to keep warm in a cold climate than it is to keep cool in a hot one.

10 years in thailand have given me an appreciation of the english climate that i never had before.

[NZdick1983]

^ No mate, starting from $25k are the cheapo 1 bedroom studio apartments we intend to buy for investment/rental income.
You would find it very hard to get a mortgage approved without having a Japanese spouse.

here is a link to a similar place we will buy (not bad for 25k) same place in Auckland city (where we live) would be 150-200k.
rental return of $350 NZ per month (over 10% yield 16% in fact)
https://www.ill-f.co.jp/properties/properties-1275/


link to the houses we are looking to buy for around 250k - 300 k
•Ÿ‰ª �V’z�Z‘î �y�V’z�Z‘î‚Ì‹g�ì�Z‘î�z�V’z�Z‘î‚È‚ç•Ÿ‰ª

*Dick I am, liar I am not ;-)

[Steam]

Must be getting cold over there in your little shit hole Eh.

Not that cold yet. T shirt weather has departed but it's sweater weather rather than hat and gloves for a few more weeks then I'm out of here.

the short winter days are more of a problem than the weather, there is as much beauty in rain and mist as there is in sunshine, the autumn colours are stunning at the moment and the exciting changeability of the british weather should be glorified rather than vilified. low temperatures can easily be accommodated merely by wearing another layer of clothing.

thai weather presents more of a problem than british weather, continuous sunshine and cloudless skies might be all one wishes for, but the reality is a bore and a hindrance to enjoyment. it is just too hot and for a large part of the year the humidity is uncomfortable and intolerable. it is far easier to keep warm in a cold climate than it is to keep cool in a hot one.

10 years in thailand have given me an appreciation of the english climate that i never had before.

On the nail pal. London springs summers and autumns can't be beat. Winter has its own charms too although best experienced for no more than a week at Christmas or on tv.

Ten years is a good innings. I tire of it after three months and getting back to cool spring London air in March when Thailand is starting to get real sweaty is rejuvenating.

[NZdick1983]

[NZdick1983]

$25 k for the above studio apartment in Fukuoka Japan (my partners home town) Returns $350 NZ per month = 16% yield.

not bad ey? sorry for the stupidly large pics, 1st attempt at attaching pics.

Check out the link for the houses for 250-300k... would be at least 1.5 million in madly overpriced NZ..

[Steam]

Why would anyone rent there if buying is so cheap?

[NZdick1983]

The price bracket I am talking about is aimed more at students/young office workers.
Location is important (of course) best to buy near a main railway hub (Hakata station for us) and/or University.

[Steam]

Nice planning. I'm surprised that the builders don't rent them out if there is 16% to be made.

[Storekeeper]

Yeah I know mate , cause I am English ,, mind you I / we both have options and freedoms to live in Europe or wherever we choose .

You and others make me think sometimes that the USA is a huge place that could be treated in much the same way. Living on the east coast could be a base for exploring up and down the coast. I've started to view it as there isn't much difference say you going from the UK to Spain or me going from Washington state to Virginia or Tennessee.

[Storekeeper]

The price bracket I am talking about is aimed more at students/young office workers.
Location is important (of course) best to buy near a main railway hub (Hakata station for us) and/or University.

I pay 210,000 yen a month for a roughly 1000 sq ft house. The price is jacked at least 50,000 yen a month because of it being rented to Americans from the base.

Military or civilian the housing agencies know exactly what allowances we're authorized. We have to pay four months rent up front. And one of those months is 'Thank You money for letting us rent your house' ... Free money for the owner.

[baconandeggs]

Nice planning. I'm surprised that the builders don't rent them out if there is 16% to be made.

Yeah the whole thing sounds too good to be true. Where can u get 16% return without big risk? Seems odd they are so cheap.

[baconandeggs]

Seems to be admin + planning expense bringing yield down to 10%. Still double yields elsewhere.

Why arent Japanese pushing the price up?

[Iceman123]

^
I think you owe NZ Dick an apology, you were proved wrong now just admit it.

[NZdick1983]

^ No need for an apology, Iceman bro... all good (as long as the AB's win) I'm a happy man haha...

Yeah, 16% yield is gross.. net would be around 12%.

It's good, but very little (if any) capital gain. My brother in law bought his new 3 bedroom apartment in 1999 for 200k, now it's worth 100k.

Best to buy an older apartment that's already depreciated as far as it'll go.
Good for a dependable/stable income... but like I said, forget about capital gain like we see in the West. (That's the catch).

[terry57]

^

The Capital gain in the West is done and dusted mainly, in Perth anyway.

It had to happen, House prices have been getting very silly over the last few years, the punters who have bought in the last twelve months have gone backwards.

Rentals have also plummeted by 30% but once again they were over priced. Everything was over priced.

No probs if one owns his Gaff. The speculators are shitting bricks though.

I have no problem with it except losing 30 K in the last 3 months from my Super fund don't give me the hard on.

[NZdick1983]

It's funny, even my Japanese friends are heading back to Japan, as they have been priced out of the Auckland housing market.

Average shit box, here in Auckland is near 1 mil (and that's just a stock standard 3 bedroom house, no double glazing or anything fancy)...

You know when things are bad, when even super hard-working Japanese punters, have to scamper off back home to afford a dwelling... something is right fooked up..

[terry57]

^

It's not hard to work out though is it.

The property market has been absolutely mad in Australia.

House prices went through the roof, rentals where of the scale and landlords were God. The renter was taking in the arse.

Anyway all things go round and round and now things have been wound back a tad.

That's Perth anyway, NZ I know fook all about.

Even though I'm a land lord I'm lovin that the cycle has died in the Arse.

I was a renter for many years and Know the go.

Fookin hard time tryin to get ahead.

[NZdick1983]

NZ is on par (or worse) than Aussie mate.. I mean in terms of house prices skyrocketing out of control..

Lucky I bought my little apartment when I did... I feel sorry for the young people
trying to get a foot on the property ladder... you have to come up with 20% deposit (minimum) as well...

Tough to save 200k for a deposit... parents are starting to come to the party and help their kids, but not every parent has a spare 200k sitting in their bank..

On a lighter note, 1 more hour till rugby final kick-off... 3 am here in Kiwi land... (where owning your own home is a fantasy) lol

Fooking so sorry, to completely derail this thread guys jing jing...

[terry57]

^

No such thing as Derailing a thread on this forum, the foker always swings back at some stage.

9.00Pm in Bangkok.

The Irish Pub down the road has been rented out by some filthy rich bastard for a Private party.

Bet that bastard is a land lord in NZ.

Blood in the shitters if they loose.

[NZdick1983]

Yup, there will be huge, hulking Kiwi men - crying like school girls if we lose... I kid you not.

I think I am gonna wake my lady... she will kill me if she misses the ruggers...
45 min till kick off... woooo!