I used to (and still do) love the stories on China's 'Ghost Cities' and why we are all doomed.
Even though we haven't been and aren't. :-D
Well now, over to Japan.
The Nikkei reports:
- 8.46 million residences were unoccupied in 2018 (13.6% of housing empty nationwide)
Nikkei citing a government housing survey released last Friday. The survey is twice a decade.
More:
- the number has grown by 260,000 since the last survey in 2013
- Secret stashes of cash are often discovered when those houses are taken down
Here is the link for more. Not a cheerful story though.
Still, if you want a cheap house, and maybe the chance of a cash windfall, here you go ….