Japanese homes are mainly prefabricated and are nothing like the type of construction you see in most other places. So of course a home doesn't appreciate because they are the same as a trailer. They only last 20-30 years.
The land does appreciate in Japan though. And if they built good homes, they would too. But they choose not to.
Is this also true of better constructed housing say in high rises which would likely be built to last longer due to the heights of the building requiring concrete and steel?
The land does appreciate in Japan though. And if they built good homes, they would too. But they choose not to.