Buying a House in Japan #1 - Banks

[StraightOutaPortland]

Do you know Eric Berg?

[zsdg34]

Do they have property tax?

[CouchPatrol001]

2/2 this is for those who like me, don't like the idea of teaching English.

[CouchPatrol001]

@MegaOtaku12

As far as I know this only applies to "Buying" then again the money to rent may need a loan at first but that's what a jobs for. And for those who are asking about jobs, there are occasionally regular jobs available in major places like Tokyo and Osaka but you really can only get a normal job if you have a good understanding of japanese almost fluent I guess.

[zem1956]

Amazing.ly small.

Love the videos...... What a way to learn

[zem1956]

Amazing.ly small.

[furstenfeldbruck]

you look like that guy from American Beauty

[MegaOtaku12]

what about living in a an apartment :)

[gensaiyunikunaotoko]

HOLY SNAP ! its the first time i see your face @_@

thanks of the information sir !

mm to get a job in japan.... well i am mexican so i can do everything ! :3 (no jk)

also some engineering lol

[sillyani99]

What are good jobs in japan .... Im planning to move there.. I do know japanese..

[0appleattack0]

I love how you start every video off with "Hey guys!"

It's quite calming :)

[Kognito72]

I can't even get a credit card let alone a lone in Japan.

[19thSFGA]

There real cheap now !

[secretkilnsTV]

update on NAB: they now only consider Japanese property loans of 45,000,000 yen and up on a minimum house price of 60,000,000 yen. That's $545,000 and $730,000 USD respectively... yikes! They could have been a bit more polite on the phone too.

[TheJapanChannelDcom]

@secretkilnsTV

Thanks for the feedback.

My experience of them was similar.

[NavyMedicUSMC]

Wow, this whole thing is scary enough in California! I couldn't imagine going through it in a foreign country like Japan, where no-speaky-da-English, and me as a stupid American no comprende da Nippon. Congrats on taking the step and having the balls to go through it all.

[BLANKNOTING]

Home Sweet Home:

Kyoto House??

,Okayama House??

or

Venetia House???

That Right??

[soonaussiefull]

is there any law against dirty money recycling? for example I'll be moving soon to Australia...thinking to buy a house overthere..paying cash...but they told me that before buying it you have to demostrate where your money are coming from...

[NavyMedicUSMC]

@soonaussiefull I think this is true with virtually any country or banking system with World Bank or IMF backing.

[medicorene]

i guess you can also use an international bank, as cit bank and once you get to japan you can move your money in the accounts you opened back home

[ration10]

How much money for a vacant land property I know depends were you live and stuff like that but, can u give us an example.

[sexysisa]

I will be in Japan next year as a college student and my parents asked me how can they send the money to me... does opening a bank account for money transfer is more ok than sending it via money remittance company like western union.

Do they have western union in Japan?

[TheJapanChannelDcom]

@sexysisa

Probably getting them to send international money orders and then you can cash them at the post office using your passport.

They can send me some too :-)

[LordPopeyeAlphaDog]

@sexysisa Paypal....

[watashiwahjolan]

@sexysisa Use Paypal to transfer you can even convert curency for small percent

[marcelleqb]

@sexysisa

If it's not too late, open an HSBC savings or checking acct. Your parents can transfer money to your acct through paypal (no extra cost from paypal or hsbc.) HSBC is a world bank and you don't get charged conversion rates. And you can request that your check card be a Master Card, which is more common abroad than Visa.

[whoo689]

Only 2% interest for a house in Japan?? How can they afford to price it so low?

I think here in America it's AT LEAST 10%, if not closer to 20%. Of course, I've never bought a house, so what do I know.

[IluvEdKemper]

@whoo689 The average 30 yr. loan today is about 4%.

[cismok]

@whoo689 Their term deposit interest rate could be lower than 1%, sometimes 0% with a banking fee during recession, so couldn't expect the Japanese banks to charge more. Anyway, it was a good ideas for big corps to borrow in Japan and invest in North America, but currency risk is significantly high.

[Eurostar3x]

Does this also apply to investment properties or vacation properties? I used to work in mortgage company here in the USA and they have a bit different to go about giving loans for investment/vacation houses

[diabolo411]

the last house was really cool bro!

[J0RDSKI]

If you buy a property with no loans does that give you permission to live there until you find a job for a work visa? Or do you have to stay on a travel visa? Also living there for a while it would help to fully understand and speak Japanese which would help in finding a job.

[TheJapanChannelDcom]

@J0RDSKI

Buying a house doesn't change the visa situation.

Check out the rest of the "how to" videos and the website forum.

[GimmeKitty]

What about for Americans ("Yanks") buying a home, herein? Do keep we all up on this, please. Thanks so much.

[LC5860]

Very helpful info. I am an American man married to a Japanese woman. We just had a son in February and are planning to move to Japan in about 5 years. I am scared but excited at the same time. We will probably be looking around the Tokyo prefecture areas. I would love to get one of those old style house with the nice Japanese gardens outside. Anyway, thanks for the info. Gives me hope that there are possibilities.

[southeparkfreak]

@LC5860

congratz with your son :P

[MiSoAmerican]

This is an excellent topic. I hadn't even thought of it until I saw yours. Thanks for the upload.

[Toopaas]

thanks for the info! :D

[junkie4vids]

Interesting insights as always. 5 stars...ummm...I mean "Like". Don't you love the new YouTube? Can they use smaller fonts ? LOL. Thanks again, Mr. JapanChannelDcom !

[LuuvAnime]

Hey, I love your videos man^^

Are you taking video requests? Cuz there is some channels on youtube who acts racist and pushing down caucasians, like this channel for example: ProudCutePureAsian

He/she think japanese hate all westeners, please make a video proving it's wrong :)

Cheers!

[kawaiinitz31]

@LuuvAnime dude just ignore him. he is retarded :)

[hawaiianstyleinjapan]

very interesting.

[Kortik]

property is very expensive in Japan. we're talking about millions of dollars for house. my wife used to work as a real estate agent in Tokyo so I have some info. You cannot compare Japanese houses to a typical US house. Japanese houses are more compact usually small with one parking stall space or none, unless you are very wealthy and 5 million dollars is 500 to you then you can build a big house or Medium size in US.

[MrLongtip]

i'm still in high school but my dream is to move to japan, i was wondering is there is any tips moving to japan permanently.

[Tatianna777]

@MrLongtip it extremlely expensive there. about 30 dollars for a plain white shirt . you have to have a really good job to move there. alot of people want to move to japan but you have to prepare for a long time. you have to learn he launguage the prices bring nore than 50 grande to start off there. its hard to move to japan from the states. They have much diffrent job options. its better to live where you are for now.

[MrLongtip]

@Tatianna777 thanks for the info i knew that i would be hard so i'll try to to get started on making $ to move to japan, that is my dream xD

[hakudoushinumber9]

@Tatianna777

the price of a plain white Tshirt went up every where thanks to it becoming a fashion now. i used to get them extra extra large to sleep in, five in a pack. you have to know where to look there just like here.

[xOxannachanxOx]

Exciting!! :]

[xOxannachanxOx]

Ganbare!

がんばれ！^_^v

[chopsueyjoint]

Happy House-Hunting!!!

[kushinbou]

Very interesting! Can't wait for more updates:]

[Frank15982]

2% interest rate? that's great!

My parents are paying about 2 or three times that amount. How are the property values though? Expensive?

[cmb17]

I wish you happy house hunting.

[gimmeheadpeace]

Just finished the process myself this week. I have a 'Specialist In Humanities' visa and although it is a little more difficult it can be done. I was granted a mortgage from Kansai Urban Bank! Good luck!

[ElevenColors]

Really? I thought permanent residency was a must. Interesting, thanks.

[royalsoul]

i know this is irrelevant to this video, but could you please talk about eartquakes in japan? like in which areas in japan they happen, how often and whatnot. im pretty clueless about them and thought it would be good to be informed.

love your videos, you have an objective open and straight to the point opinions.

appreciate that.

[MageThief]

Sweet, looking forward to these

[kidzero22]

what's the average cost of a house in your district?

[mrbearateyou]

Aha! I thought you sounded Australian. I wasn't 100% sure though and I didn't want to ask if you were a Brit because I here Australians and British people get irritated when people aren't sure...

[krenoime2]

@mrbearateyou hmmm the difference in the accent is clear... dunno how people could

[eskercurve]

Wow, 2.5%? Here in the States it's around 5.5% for a standard 20% down, 30 year mortgage. A brief internet search found the average price for housing was around $450k for a 2 or 3 bedroom house in the suburbs of Tokyo. I don't know what it's like outside of Tokyo, but that is pretty expensive. You'd be paying around $900 a month, with a 30 year mortgage, quite cheap. Other taxes may make it more expensive though ... interesting! More info please :)

[tonyz79]

When I was in Tokyo, I saw/used a city bank, which we have over here in the states

[Syc0warden]

Gratz dude, hope you get a crazy cool house!

[SpiritofInsanity]

What's the average price of an apartment in japan?

[shadowicewolf54]

@SpiritofInsanity as in a one person? I've seen it be anywhere from 60,000 yen (not very good quality) to 100,000 yen

[starorb]

are you able to buy a house online and get the paper work online then print it finished and bring it to japan and give it to them ? or can you reserve it then do paper work then pay the money while your there ? and how about apartments which one is easier to get apartment or houses ?

[109mytiger]

@starorb I assume you are good in Japanese language.

If you want to sell a house,you can sell it by using a power of atterny. But while processing, it will involve a lot of mailing documents and phone calls.

If you want to buy a house, you should travel and look actual house, because pictures online will not show details.

As you know 2008, 2009 world econony crush started from careless housing business.

[Vinniebearinpa]

This sounds like a great series coming up! Can't wait!

[geezzeezz1718]

Definitely interested in buying a home in Japan, thanks so much! =)

[109mytiger]

Interest rate 2% in amazingly cheep, I had 8% in 1982, it seems great time to buy a house in Japan. Just don't think resale price, you will not make money by selling house, because after 10 year of a new house is like a used car in Japan , but land value may go up or down.

[Goku1337]

Thanks man this is really good info i would love to own a house in Tokyo or at least Osaka

[PaintersHome]

What if you want to buy a house and you are out of the age of working (living until your own death in Japan and getting a pension from your home country )?

[rappwr]

1'st step to buy house in Japan. - Watch videos from this channel (:

[TheNintend0Channel]

Haha I've been keeping up with news on Shinsei Bank .. Yeah.. doesn't look too good right now..

[hpeterswald]

CBA = Commonwealth Bank Australia is my Bank. Can I get a 2% AUD loan for a house in Australia ?

[blackhorror12]

great video 5 star...oh thumbs up for you!

[ForceOfWizardry]

It would be nice if you can take us to a neighborhood of vacant homes etc. I always wanted to see how big/small etc these houses are.

[hitokage651]

japan do a vid on japanese night life

[linkinpain]

@hitokage651 yea i been waiting for a video on that topic myself lol

[arhamus]

Does it cost VERY VERY much?

[lordandrei1991]

so...are there many foreigners who have a vacation house?

[unicyclst]

Thank you for making this series! I have been very interested in this stuff and I couldn't find this info online!

[lordcoyote2000]

Thank you so much for the detailed information.

[nekochan62]

How are the taxes? Pretty high?

[Chuloloc]

Interesting. Much respect for Japan.

[mellowsky47]

This is fantastic, thank you so much for sharing your life with us. It's so much fun and very interesting. Best of luck seeking out a new home. Don't use the Bank of America they are terrible

[ryosuke2010]

Thanks for posting this video !!

It is very helpful especially first time buyers

Many thanks for posting !!

[cdplayar]

Are There Any Canadian Banks There?

[AlbaDoggy]

you know, it's crazy that you know so much XD

do you learn it as you go or do you have friends and stuff helpin you out if you have questions and stuff like that?

[DiablossoFucker]

Great and informative as always :)

[BloodyRageNoMore]

You have a website?????????? lol

[zellator]

You changed your hair! hahaha

[Ranact]

Are you looking for a house your self to settle in after marriage or are you doing this just for the viewers? Either way it's awesome of you, and good luck (if you in fact are looking for a house) :]

[brollicon]

thanks for the info

[Cebrail1991]

Thank for the info thumbs up!

[irishsf27]

Interesting. I didn't realize that there were not constraints on foreigners buying property in Japan. So they would allow a foreign citizen living full time in another country to purchase a vacation house?

[AbortedSheepFetus]

Very cool, thanks for the series

[hungimahar]

Japanese banks. Cool.

Hope there are no Japanese Jews =)

[tehsilentsoul]

@hungimahar LMAO nice one

[CRAKIZGOOD]

ur helping allot of people thank you very much

[camoy0]

2% interest is nothing!

[Yakfuji]

@camoy0 Agreed.

II'm currently on 6%.  Better than the old days of the 80's when rates were rediculously high.

[TheOneReesy]

Ohh sweet dude, this will be very helpful to many people :D

[TokyoBrando]

helpful video mate..

my family always says "you cant buy a house over there"..

this will shut em up lol

[Koroodetto]

What about city bank?

[Mrwrinkleintime]

... I will just rent a room from you.. :)

[liberty1211]

nice video... good informations!

[hippykiller1]

diss

[HIY4MUGI]

Thanks for the video :D