How an Average Family in Tokyo Can Buy a New Home

Coming to Japan from Canada (and the crazy housing market that is Vancouver), I was surprised to find out that the average family could afford a brand new house, even in the city of Tokyo. In this video I explore how this is possible.

CORRECTION: The stats I gave for median annual household incomes in the United States and Canada are not quite right. I explain why in this video https://www.youtube.com/watch?v=61FnnmvFhHY.

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Music by Epidemic Sound http://www.epidemicsound.com/
When The Dust Settles 2 – Jack Elphick
Whimsical And Playful 7 – Gavin Luke
Whimsical And Playful 11 – Gavin Luke
Playful 5 – Josef Falkensköld
Whimsical And Playful 15 – Gavin Luke
Whimsical And Playful 13 – Gavin Luke
Jaguar Jive – Niklas Ahlström
All Is Good Again 2 – Magnus Ringblom
Girl Next Door 3 – Martin Landh

Information Sources
https://monocle.com/film/affairs/most-liveable-city-2016-tokyo/
http://hdr.undp.org/sites/default/files/hdr_2015_statistical_annex.pdf
https://en.wikipedia.org/wiki/Nihonbashi
https://en.wikipedia.org/wiki/Special_wards_of_Tokyo
https://en.wikipedia.org/wiki/Demography_of_Japan
http://tochi.mlit.go.jp/h19hakusho/chapter1_sec1/setsu_1-1_eng.html
https://en.wikipedia.org/wiki/Median_income
http://www.mhlw.go.jp/toukei/saikin/hw/k-tyosa/k-tyosa15/dl/03.pdf


http://www.shinseibank.com/english/housing/apply.html
https://www.homes.co.jp/kodate/b-1163610000274/

House Buying Guide


https://www.ft.com/content/023562e2-54a6-11e6-befd-2fc0c26b3c60
https://www.ft.com/content/79297b7e-24c6-11e5-bd83-71cb60e8f08c
https://www.ft.com/content/d95ea1f6-5512-11e4-b616-00144feab7de
https://en.wikipedia.org/wiki/Tokyo_Metropolitan_Government
https://en.wikipedia.org/wiki/Brooklyn
http://urbankchoze.blogspot.jp/2014/04/japanese-zoning.html
http://www.mlit.go.jp/common/000234477.pdf
http://urbankchoze.blogspot.jp/2014/05/japans-housing-mix-example.html

Image Sources
https://upload.wikimedia.org/wikipedia/commons/a/ad/Theosakamainichi-earthquakepictorialedition-1923-page9-crop.jpg
https://upload.wikimedia.org/wikipedia/commons/3/3a/Kanto-daishinsai.jpg
http://tokyo12345.weebly.com/uploads/5/5/1/1/55114133/378469_orig.jpg
The Great Kanto Earthquake
https://upload.wikimedia.org/wikipedia/commons/9/90/Firebombing_of_Tokyo.jpg
https://upload.wikimedia.org/wikipedia/commons/5/55/Incendaries-b29.jpg
https://en.wikipedia.org/wiki/Occupation_of_Japan#/media/File:Sto1001.jpg
By Kzaral – Own work, GFDL, https://commons.wikimedia.org/w/index.php?curid=3603086
By Kzaral – Own work, GFDL, https://commons.wikimedia.org/w/index.php?curid=3603138
By Kzaral – Own work, GFDL, https://commons.wikimedia.org/w/index.php?curid=3603021
https://upload.wikimedia.org/wikipedia/commons/thumb/1/16/Tokyo_special_wards_map.svg/2000px-Tokyo_special_wards_map.svg.png
By Utagawa Hiroshige (歌川広重) – The fifty-stree stages of Tokaido (one of 53 prints, +2 for start and terminus), Public Domain, https://commons.wikimedia.org/w/index.php?curid=3982623
By 不明 unknown – 古い絵葉書 old postcard, Public Domain, https://commons.wikimedia.org/w/index.php?curid=7926295
By Fg2 at en.wikipedia – Originally from en.wikipedia; description page is/was here. Original uploader was Fg2 at en.wikipedia, Public Domain, https://commons.wikimedia.org/w/index.php?curid=3279447
By Aimaimyi – Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=8699651
由Aimaimyi – 自己的作品,CC BY-SA 3.0,https://commons.wikimedia.org/w/index.php?curid=6101371
http://www.economist.com/blogs/dailychart/2011/11/global-house-prices
By Gryffindor – Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=10306293

Here is an easy way to stop paying rent or own a home that doesnt waste space or have a big impact on the environment. MORTGAGE FREE AND DEBT FREE. Getting off the grid with TINY HOMES! Live closer to nature by spending your time outside rather than inside. The tiny home movement is becoming a smarter way to live and start to become self sufficient. Look for our new tiny home in future videos. Thanks for watching