Forum Replies Created
- Freckle wrote:ROFL….
Japan’s Vacant And Abandoned Houses: Visions of Detroit
The Ministry of Internal Affairs and Communications surveys vacant houses every five years, splitting them into two categories: houses that could be rented, sold, or used as secondary houses; and abandoned houses. Over the fifteen years from 1993 to 2008, according to the most recent survey, total vacant houses ballooned by 72% to 7.57 million. They made up 13.1% of all houses nationwide, the highest proportion ever. Vacant but still usable houses increased by 63% to 4.88 million. And abandoned houses jumped by 91% to 2.68 million.
It’s not just in small towns suffering from depopulation, as the young migrate to urban centers. Over the decade through 2008, the number of abandoned houses in Tokyo jumped 60% to 190,000; and in Osaka 70% to 180,000! That was in 2008, before the financial crisis slammed into the housing market. Since then, the abandoned-house phenomenon has gotten worse.
JGBs Suffer Worst 4 Days In 10 Years As Nikkei Tops 15,000 First Time Since Jan 2008
This is what is going on in JGBs… JGBs were able to rally since smart money was hedging significantly (and not selling) but once the initial clusterf*&k exploded after the BoJ meeting (and protection costs soared), it seems clear that JGBs just became far too expensive to hold given their risk and so protection was unwound and positions were reduced… which is why we are now seeing JGB yields jumping…
Russia's Plan For The BRICS To Dismantle The Dollar System
The goals are clear. In the section titled “Strategic goals,” the first point on the BRICS’ agenda is the reform of the world financial system in order to make it “fairer, more stable, and more efficient.” In the later chapters, it is spelled clearly that this “reform” is actually a dismantling of the dollar system.
The problem with delusional optimists is they're usually the last to see it coming.
Of course this will all end well……
Interesting about the vacant houses. My mother in law owns a terrace in Osaka and its been vacant for 7 years. 10min from Osaka station. MIL’s sister also owns a terrace next door vacant for 10 years +. I ask them why not renovated and lease out and they say it would cost to much for the little return. Not worth it.
However, in general I think things are beginning to pick up in Japan. The main problem was a lack of confidence I think. But now people are starting to see some economic hope again. This may lead to move spending and this would stimulate the economy…
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
