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If we say that most of the best-value real estate in Japan is concentrated in Tokyo.

Real estate in Tokyo can be regarded as one of Japan's core assets.

Japan’s GDP is almost stagnant, but the annual return rate of real estate rental in Tokyo can be more than 5%, and if you can borrow low-interest long-term loans from Japanese banks, you can easily increase the annual return rate to more than 10% of.

The vast majority of real estate trusts and real estate funds in Japan actually use this kind of routine. They borrow money at a loan interest rate below 2%, and then buy more high-quality real estate that is easy to rent in Tokyo at an annual rate of 5% or even higher. Rent out.

Under this model, Japan's real estate trusts and real estate funds have a rate of return that is far ahead of most parts of the world. Basically, Japan's real estate was based on rising house prices, that is, to find the next stupider person to use more expensive The price of the market will take over to maintain the bubble.

However, years after the bubble burst, rents have increased year by year.

House prices are cheaper and rents are more expensive.

The deposit interest rate is close to 0, and the loan interest rate does not exceed 2%.

This has led to the business model of real estate throughout Japan, which has mainly become a long-term holding of real estate with high rental returns and is easy to rent out. High-quality real estate is used to expand the area for rental operations.

This model is almost invulnerable unless a world-class infectious disease epidemic occurs, causing the whole society to stop work and isolate.

For the shops in Yuanyue Food Street, most of the years are almost equivalent to turning on the money printing machine to make money.

Therefore, who would easily transfer this kind of money printing machine? The more he understood the value of the shops in Yuanyue Food Street, Liu Xing couldn't help feeling that his uncle really left him a treasured land of geomantic omen.

Of course, this is also Liu Xing's good luck. If it weren't for the fact that he came to Japan to open up and improve his cooking skills, then even if there is such a treasure land, it would be difficult to earn money. The portion is large, but... the food here is almost the most picky eaters in Japan! There are no chefs with two brushes, even if it is cheap, not many people here are willing to eat for the second time.

Chapter 441

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Liu Xingshun took Minezhizaki/Zhongzi to see the house. I have to say that Liu Xing was quite satisfied with the house.

Although the area is only 58 square meters, it is built by one household. The yard in front of the house can be used for drying, and the parking space behind the house is not included in the area.

In addition, even after the interior decoration is completed, Liu Xing doesn't like to toss too much, and he doesn't need to spend extra money on decoration.

What's more, some of the furniture is also given away for free. The facilities in the indoor kitchen are almost comparable to those in the restaurant, and there is even an independent bathroom.

Liu Xing couldn't help but feel pleasantly surprised, because after coming to the small broken shop inherited from Japan, there is no toilet at all in the shop, and every time he needs to solve a problem, he has to go out to find four r, this is undoubtedly the most annoying thing about the small broken shop Where the stars are not satisfied.

In addition, the distance is also a big bonus item. You can walk to the store within 5 minutes and run within 2 minutes.

It can be regarded as solved, the problem that the four institutes are controlled by others.

"This house is okay, the only downside is that buying a house in Japan requires settlement every year.

"Liu Xing said quite satisfied. "That's true, 1.4% for real estate and 0.3% for urban planning tax! About 147.9 million yen per year, although it is not a small burden, 1 but 2. Liu Sang should be just drizzle." Minozaki ) Chongzi laughed. "Don't flatter me like that. "Liu Xing said with a dumb smile, 'It's just luck. I didn't expect chefs to earn so much money. It's considered a feast in this era! If the cuisine is not popular in the future, I guess I can only sell the house." I don't think I'll see that day.

"Neither do I.

After reading it, Liu Xing decided to let the lawyer look at the contract, and within a week, the contract was formally signed.

Although, Liu Xing is not too worried that Minezaki/Zhongzi will cheat, yes, the necessary process still needs to be followed, which is also the process of modern society.

All kinds of processes are not distrust of people, but the process system replaces the trust between people, and can also trust better.

Otherwise, relying only on trust without relying on institutional processes, then the betrayal of trust must be more rampant.

Of course, Liu Xing also almost understood why after the Japanese real estate bubble burst, the house price could not rise to the original price after a few years.

Mainly because tax reform was included as part of Japan's 1992 economic capitulation agreement with the United States.

That is to say, officially holding real estate, you also need to pay taxes. 1.4% of real estate accumulates 3% urban planning tax, and you have to pay 1.7% tax every year.

Because if you dare to increase, the real estate tax will also rise, and eventually the holders will be overwhelmed and completely overwhelmed by the real estate tax! Therefore, although there was a bubble in Japan’s housing prices before 92, there was a certain Reasonable.

In addition to the Japanese economy and per capita income, the reason why it is expensive is that the previous real estate holding link does not need to pay expensive real estate taxes, and only the buying and selling transactions will be taxed.

In this way, if the original Japanese real estate holders buy multiple houses, they will not have too much burden in the holding process.

Even if the housing price does not rise or even falls, even if you can’t go out and leave it vacant, you will not be overwhelmed by the tax you have to pay every year! But after the implementation of the 1.7% tax every year, you can only afford a house. It's just the beginning, and the tax that needs to be paid in the future.

A large number of homeowners basically sold all the properties that could be sold because they could not afford the tax.

Even if Japan's population crisis is not taken into account, the declining birthrate brings fewer customers who buy houses.

Just considering the large number of homeowners who own multiple suites, because they can’t afford it, they have to sell it or find a way to rent it out. You know why Japan’s housing prices are still far lower than those in the late 80s and early 90s after decades. Lower housing prices For the Japanese government, although the Japanese real estate industry has brought staged losses, the follow-up, through the collection of property taxes, guarantees income for dry labor every year, and obtains huge fiscal revenue.

It is precisely because of this that despite the fact that Japan's economic development has stagnated compared to before, the fiscal revenue level of the Japanese government is far more generous than before.

Because fiscal revenue t is wider than before, P i, the Japanese government is more economical about economic stagnation, and later realized a series of infrastructure stimulus.

The infrastructure is useless, so they directly buy national bonds and other corporate bonds. Buying bonds is useless. The Japanese government directly and continuously buys Japanese EFT funds, that is, buying a basket of stocks. The final result is that the Japanese government is the largest in the Japanese stock market. buyers, a large number of stocks were bought by the government... In a sense, Japan is turning listed companies into state-owned enterprises and state-owned enterprises year after year.

Therefore, one of the reasons why the United States has continuously suppressed Japan in the past is to weaken the Japanese government's window guidance and damage to the Japanese economy and enterprises.

But the fact is that it has made the Japanese government richer and has stronger control over the Japanese economy.

It's just that Japan's economic hard landing back then suffered too much loss, and the three R's of freezing were not the same as the cold of the day. Even if the government has more money, the stimulus year after year still cannot undo the freeze.

Therefore, even if the United States sees that the Japanese government’s ability to manipulate the Japanese economy and finance has become stronger and more naked, it will turn a blind eye and will not impose sanctions or suppression at all, because it accused the Japanese government of manipulating the economic exchange rate. It is not in line with Taiwan's market economy, just because the Japanese economy was too strong at the beginning, so I had to suppress and cultivate a large number of its companies that competed with American companies. Later, they saw results. The influence of the market is constantly shrinking, and it has lost the ability to compete with the US economy. Therefore, even if the Japanese government and the central bank are about to buy all the mainstream companies in the Japanese stock market into state-owned enterprises, there is no such degree of manipulation in the world. The United States did not suppress it again.

Property tax will also bring about a problem, that is, urban slums! Where housing prices are expensive, property taxes must be expensive. Therefore, only rich people live together, and poor people cannot afford to pay taxes even if they give away their houses for free.

Therefore, if the rich are in the middle of the earth, they can only move out of the rich area and live in places with lower housing prices.

In this way, the rich will only live with the rich.