Excellent, useful, and timely summary. As an owner of a ski property in Hakuba I'm disappointed in the slow reopening (recent step only allows hotel/pension stays), but am hopeful things will ease by December! With the JPY weakness property prices are extremely cheap in Japan and there are no barriers to ownership. I built a 5 bedroom, 5 bathroom ski home for under USD 600k at current exchange rates which seems completely the wrong price when it's still possible to borrow yen for 1.5%
Excellent, useful, and timely summary. As an owner of a ski property in Hakuba I'm disappointed in the slow reopening (recent step only allows hotel/pension stays), but am hopeful things will ease by December! With the JPY weakness property prices are extremely cheap in Japan and there are no barriers to ownership. I built a 5 bedroom, 5 bathroom ski home for under USD 600k at current exchange rates which seems completely the wrong price when it's still possible to borrow yen for 1.5%
Informative, thematic bird's eye view. Really enjoyed it!
Timely and insightful, thank you. I am afraid to be optimistic, if that makes sense, as the "opening" has just been *so* measured and gradual.
As always, great analysis Michael!