Okay that is fine. Japan's prices were obviously ridiculous back in 1989, but how do they compare to us now?
I posted the following the other day:
"Malaga,
I did a quick search and found this one: http://www.realestate.co.jp/rej/forsale/view/28798/1R-Mansion-in-Shimogyo-ku-Kyoto-shi-Kyoto/lang/en/type/20/prefecture/JP
Price: ?2,850,000 (approx AUD$34300) Size: 15.25m sq Therefore Ave Cost = $2250 per m sq
Now even the cheapest and smallest 1 bedroom units here in Adelaide are around 50m sq and starting around $140k. Therefore ave cost = $2800 per m sq
So comparing bottom end properties there is approximate a 25% premium in this example for the Australian property. However for that you get a much more spacious living, and the better lifestyle of Australia.
Rough comparison I know but it does show that bottom end properties are not that different in real value with a comparison with Japan, and a number of bears hear have indicated that Japanese property is now in the undervalued zone."
