I would be *very* surprised if the median price of a house in Tokyo is ~$250k US... | Hacker News

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uiri on Dec 30, 2016 | parent | context | favorite | on: Kalzumeus Software Year in Review 2016

I would be very surprised if the median price of a house in Tokyo is ~$250k USD. I would ballpark it more to the $500-750k USD range.

My impression was that he had liquid assets and took on debt in order to avoid potential cashflow issues should he deplete his liquid assets.

I would hazard a guess that the value in the range of (new house, new house in Tokyo) refers to (sale of AR - $120k in debt) rather than his total net worth after the sale.

0x1234 on Dec 31, 2016 [–]

Prepare to be surprised :)

http://resources.realestate.co.jp/buy/what-is-the-average-pr...

We have a mental model from the 80s. Decades of recessionary prices catches up.

guy_c on Jan 1, 2017 | [–]

... and don't forget a shrinking population. Accommodation in Japan is surprisingly inexpensive.

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