Houses that no one needs? The only Japanese who came up with a profitable scheme (6 photos)

Japan has long had a problem with crumbling houses in the provinces, where no one wants to live. And it's more expensive to fix, and you also have to pay taxes on worthless housing. And just like our villages were dying in the nineties, now millions of houses are dying all over Japan.





No government program "live, just fix it" can save these houses. But many of them are practically cultural monuments, since they were built in a purely Japanese style.

The most proactive Japanese

And finally, there was a proactive enough person who turned this social disaster into income and something decent.

38-year-old Hayato Kawamura bought 200 dilapidated, crumbling houses. After a little repair, he began to rent them all out, for which he received an annual income of 140 million yen.



He himself goes to such houses and checks everything, an interesting job in fact

The cunning Kawamura even went to look at old houses when he invited girls on a walking date. He worked in a real estate agency, but when the market slumped, it became clear that he couldn't rely on the "one company, work until old age" concept that is common in Japan. So he decided to provide himself with a stable income.





Here's a house that sells for just $20,000 (but you can't change its style)

At 23, he bought an apartment at auction for 1.7 million yen and, after earning about 340,000 yen a year in rent, sold it six years later for 4.3 million yen.



This house is being given away for free for renovation, but the renovation here would cost at least a million

What's wrong with that, everyone wants to become a rentier, you might say. The point is in the unique circumstances that have developed in the Japanese real estate market right now.

Hundreds of houses simply need owners, but no one wants to take them! And the government is tired of trying to foist them off on anyone. And finally, someone has come up with an adequate scheme for the economically viable use of "dead real estate".

Will this save Japan



The point is that many are afraid to take the initiative to repair, even if it will not be ruinous.

Each abandoned house is worth less than a million yen. Now in Japan there are several enthusiasts, including foreign bloggers, who buy and repair these houses for the right to live. But these are all isolated initiatives that do not bring larger operators into the real estate sector.



This is an Australian blogger who bought and renovated one house, making content out of it

And Kawamura was the first to show that it is not dead weight!

Kawamura said of his path: "I never expected to get rich overnight. Real estate investing is a long-term game that requires patience and close attention."

He is hardly the first Japanese person to calculate his income and expenses in detail. Rather, he is the first Japanese person who dared to quit his job and make independent investments and decision-making his life's work. Such initiative is a real problem in Japan, and hence there are quite nice abandoned houses.