Japan has millions of cheap abandoned homes. Here's what to know before you buy one.
in Ibaraki, a Japanese prefecture about an hour's drive northeast from Tokyo.
Richard Koo, the chief economist at Japan's Nomura Research Institute, previously told Insider that in Japan, once a home is more than 10 or 15 years old, its value is"worse than nothing" because of the cost of demolishing it.Bethany Nakamura moved from theto teach English in 2021. In 2022, she found an opportunity to live in an akiya for free, only paying utilities. Although the house was in good condition, she said she chose not to buy it.
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