What countries besides the US have a very strong home ownership culture?
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Replying to @vgr
Japan is up there, though this is often discounted by folks in the West, whose view of Japan is excessively weighted towards Tokyo. (Where homes are still reasonably inexpensive in comparison to other global financial centers, btw.)
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I was under the impression that land had value but houses are treated more like cars are in the US -- consumables that deprecate in value. Maybe this is just outdated/wrong info? Would love to read more about the Japanese housing market, if you have any recs.
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Not only that, but you can also own a home in Japan without owning the land that it is on.
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Whoa! Yeah I definitely need to learn more about this. Super interesting.
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The magic words in English are "freehold" (you own the land under you) and "leasehold" (you own the time-bounded right to build on the land, but not the land).
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