Foreclosures Help Information

Posts Tagged ‘japanhousing’

Foreclosed Japan

Question: How did the Japanese deal with all of the irrational mortgages during the "lost decade"?

During Japan's asset boom of the late 1980s, property values skyrocketed to unprecedented prices. In some areas of Japan, home prices were 100,000 per sq ft and buyers took out multi-generational mortgages that were underwritten to be payed off over 100 years! This madness was followed by a steady decline of property and asset values that continues today. Since I believe the bubble areas in the USA may mirror (to a lesser degree) the fate of those in Japan, I ask the following: When property values tanked after Japan's equity and asset boom, did the Japanese continue to pay the irrational mortgages even though real values declined 10-20 fold? Did they foreclose in masses? Did the banks and goverment subsidize the losses? Who absorbed the asset losses? I understand that artificial "propping up" of toxic banks has prolonged the suffering in Japan, but I have read nothing about Japan bailing out buyers.

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Answer: The people ended up absorbing the costs, and many of their banks failed, people lost their property and homes, and many people had a very very rough time. Their government tried to keep that all from happening and it did nothing but prolong the hurt.
Kind of like what happened here during the Great Depression, All of Roosevelt's ideas did nothing for the economy, it only prolonged the hurt that was happening. WWII got us out of the GD not the New Deal

TV Tokyo interviews 1-800-CashOffer about foreclosures

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Japan Foreclosed

Question: yield rate of real estate investment in united states?

we have business that we introduce foreclosed properties in japan.
now,we can get about 7 percent of yield in real estate investment in city area.
but we know that yield of national bond of united state is around 7 percent.
if this is true, american people will not invest in japanese property.
because, you can get 7 percent by safer investment in national bond.
if this is true, you do not have to take risk in japanese property.
is this true that you can get 7 percent from safer investment ?
Or investment in national bond of united states is risky than investment in japanese property ?

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Answer: The U.S. treasuries are earning about 3.5%, not 7%.

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