Found this interesting, after seeing Muji’s beautiful prefab homes, and all the eccentric residential architecture that comes out of Japan.
“IN THE UNITED STATES, people buy homes as an investment. […] Not so in Japan […]
Since few Japanese homeowners plan to sell the home and flip it for profit, there’s little incentive to maintain the house. “This whole DIY concept that’s super popular here [in the U.S.]—you have TV shows devoted to it, you have Home Depot and Lowe’s and all these things that are devoted to building equity in your home—none of that exists in Japan,””
Link: Pacific Standard
“It turns out that half of all homes in Japan are demolished within 38 years — compared to 100 years in the U.S. There is virtually no market for pre-owned homes in Japan, and 60 percent of all homes were built after 1980. In Yoshida’s estimation, while land continues to hold value, physical homes become worthless within 30 years. Other studies have shown this to happen in as little as 15 years.”