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Millennials are turning to more creative and affordable ways of getting on the property ladder, such as buying a fixer-upper. One day, while out walking, she noticed a beautiful, old house that "seemed empty and looked a wreck." A couple bought a 19th-century manor house in Ohio they saw in the Cheap Old Houses newsletterThe Angeleauxs pose in front of Walnut Hill, a house they found on the Cheap Old Houses Instagram account. In May 2022, the Cheap Old Houses newsletter advertised an 1800s manor house in the small village of Higginsport, Ohio. During the renovation, Wormann handled a termite infestation in the beams, disposing of mountains of trash, and firing unreliable contractors.

Persons: —, Betsy Sweeny, Betsy Sweeny Betsy Sweeny, Sweeny, Kayli, Angeleaux, Connor, Kayli Angeleaux, Connor Angeleaux's, We're, Farleigh, Olamide Soyemi, Cullen Farleigh Olamide Soyemi, Cullen Farleigh, Soyemi, creatives, Cullen, Anton Wormann, Anton Wormann Anton Wormann, Wormann, hadn't, akiya Organizations: Service, McClain House, Federal Housing Association Locations: Wheeling , West Virginia, McClain, Virginia, Ohio, Walnut Hill, Utah, Higginsport , Ohio, Colombus, London, East London, Swedish, Tokyo, Japan, Sweden

☆ 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

☆ A Swedish millennial bought one of Japan's famously cheap abandoned houses. Here's how he turned the 100-year-old property into a luxury Airbnb.
▼ + stars: | 2023-09-04 | by ( Julian Ryall | ) www.businessinsider.com time to read: +7 min

Anton Wormann, a 30-year-old Swedish model, moved to Tokyo in 2019 after visiting for work. Advertisement Advertisement Watch: Inside a $12,000-a-night Airbnb in HollywoodMoving to Japan was the 'best decision'Wormann, a Swedish model, working on renovations in his Japanese house. After settling in the hip Shibuya and Sangenjaya districts of west Tokyo, Wormann told Insider he began buying cheap, neglected properties in the area and flipping them to rent for extra income. Wormann told Insider he was passing by the house and saw the owners at the site. The Sangenjaya house was completed in March, and Wormann told Insider he had his first Airbnb guests within a month.

Persons: Anton Wormann, Wormann, hadn't, Anton Wormann Wormann, shoji, Anton, Japan Wormann Organizations: Service, YouTube Locations: Tokyo, Wall, Silicon, Stockholm, Japan, New York, Milan, London, Paris, Hollywood, Swedish, Sweden

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