Taxes and loans are cheap in Japan. Anyone with even a modest income in the US s... | Hacker News

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		nihonde on April 28, 2019 \| parent \| context \| favorite \| on: Over 13% of the homes in Japan are abandoned Taxes and loans are cheap in Japan. Anyone with even a modest income in the US should have no problem carrying two homes in Japan.

ginko on April 28, 2019 [–]

1.7% tax annually on property certainly doesn't seem cheap to me. I pretty much pay the same in interest on my mortgage in Norway.

nihonde on April 29, 2019 | [–]

I pay ~4.5% on my mortgage and ~US$20k in property taxes. It’s all relative, I guess!

Curious: your tax is 1.7% of what? Fair market value? Some official valuation?

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