Because it’s BS. It’s glaringly fake and calls into question the rest of the claims of the post.
Housing prices aren’t even insane, especially outside of Tokyo. And the property prices don’t even go up. AND you can get 35 year housing loans at under 1% interest. The main reason housing prices have gone up at all is that construction materials cost have gone up due to inflation, Ukraine war, covid supply and demand issues.
I guess it works pretty differently to our system where you borrow x money at y interest rate then? Because otherwise a slight interest rate change has a huge impact, or paying slightly more back would reduce the time to pay it by decades.
This is the first I’ve heard of this and the fact that it’s real is insane to me.
Because it’s BS. It’s glaringly fake and calls into question the rest of the claims of the post.
Housing prices aren’t even insane, especially outside of Tokyo. And the property prices don’t even go up. AND you can get 35 year housing loans at under 1% interest. The main reason housing prices have gone up at all is that construction materials cost have gone up due to inflation, Ukraine war, covid supply and demand issues.
I guess it works pretty differently to our system where you borrow x money at y interest rate then? Because otherwise a slight interest rate change has a huge impact, or paying slightly more back would reduce the time to pay it by decades.