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Search resuls for: "McAskill"


4 mentions found


☆ Why Japan has more than 8 million cheap abandoned houses that people are renovating into dream homes
  + stars: | 2024-01-24 | by ( Amanda Goh | Jordan Pandy | Cheryl Teh | ) www.businessinsider.com   time to read: +7 min
More than 8.5 million abandoned homes in rural Japan are creating a "ghost town" problem. There are more than 8.5 million akiya , or abandoned homes, in rural Japan, according to the country's 2018 Housing and Land Survey, its most recent on record. The institute predicts akiya could exceed 30% of homes in Japan by 2033. As Richard Koo, the chief economist at NRI, told them at the time, the Japanese countryside has been hollowing out since the mid-'90s. Why aren't more Japanese people buying abandoned countryside homes?
Persons: —, who've, Richard Koo, There's, Chris McMorran, Koo, Douglas Southerland, McMorran, Natasha Durie, Durie, Eric McAskill, McAskill, Jaya Thursfield, Chihiro, Kurosawa, Joey Stockermans, akiya Organizations: Service, Survey, Nomura Research Institute, Business Insider's, NRI, National University of Singapore, of Anthropology, Ethnography, Oxford University, Canadian Real Estate Association Locations: Japan, Business Insider's Singapore, Gifu, Vancouver, Canada, Nagano Prefecture, England, Ibaraki Prefecture, London, North America, Kyushu, akiya
☆ People are buying cheap, abandoned homes in Japan and living their dreams free of financial burden
  + stars: | 2024-01-14 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +5 min
Japan has more than 8 million abandoned homes, with no restrictions on foreign buyers. Homeownership in Japan isn't the same path to financial freedom as in other countries. AdvertisementTake Kurosawa spent summers in Japan as a kid, and always dreamed of owning property there. In January, Kurosawa and Stockermans launched Akiyamart , a website to help foreigners find and purchase abandoned homes in Japan. It's a money-maker that has worked in the US but isn't necessarily a surefire way to generate income in Japan.
Persons: —, Kurosawa, Joey Stockermans, Stockermans, It's, Eric McAskill, McAskill, Jaya Thursfield, Chihiro, Eric McAskill Anton Wormann, Bethany, Bitsii, Nakamura, homeownership, Bethany Nakamura, Jordan Pandy Organizations: Foreigners, Service, Survey, Business Locations: Japan, Homeownership, Beppu, Kyushu, Santa Cruz , California, Nova Scotia, Canada, Italy, Portugal, —, California, Bali, Nagano Prefecture, Jaya, Ibaraki Prefecture, London, America, jpandy@businessinsider.com
☆ How to buy one of those cheap, abandoned houses in Japan, according to a Canadian dad of 2 who did it
  + stars: | 2023-09-24 | by ( Amanda Goh | ) www.businessinsider.com   time to read: +5 min
Eric McAskill, bought an abandoned house, or akiya, in rural Japan through an akiya bank for $23,600. Foreigners can obtain Japanese real estateOne of the best parts of Japan is that foreigners can own property, McAskill said. AdvertisementAdvertisementBut navigating akiya banks can be confusing because every community in Japan manages its own directory of abandoned houses, McAskill said. "The real-estate agents worked with the notary here to prepare the documents and sent me a copy in Bali," McAskill said. AdvertisementAdvertisementThe transaction was finalized without a hitch, and McAskill's currently in the midst of restoring the abandoned property.
Persons: Eric McAskill, McAskill, —, eyeing, they've, McAskill's Organizations: Service, Foreigners Locations: Japan, Wall, Silicon, Bali , Indonesia, Bali, Canada
☆ A millennial dad of 2 bought an abandoned home in Japan for $23,600. He says restoring it is easier than expected.
  + stars: | 2023-09-21 | by ( Amanda Goh | ) www.businessinsider.com   time to read: +12 min
Eric McAskill bought an abandoned house, or akiya, in the rural Japanese countryside for $23,600. Eric McAskill and his wife, together with their two children. Over the next decade, he would find himself visiting Japan again and again, each time visiting a different prefecture. McAskill bought his akiya through an akiya bank, which is a database maintained by the local municipalities for abandoned or vacant houses. "The first person to bid starts to enter into negotiations with the owner," McAskill said of the bidding process in Japan.
Persons: Eric McAskill, Eric McAskill's, —, McAskill, let's, Eric McAskill McAskill, Eric McAskill McAskill's, I'm, haven't, It's, I've, he's Organizations: Service, IKEA Locations: Wall, Silicon, Japan, Bali, Nagano Prefecture, Vancouver, Canada, Abashiri, Hokkaido, Yonaguni, Taiwan, Indonesian
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