Shoddy construction and seismic reinforcement fraud are among the risks associated with defective homes. We’ve seen various incidents of defective condominium fraud, which underscores that this isn’t someone else’s problem; even major companies are susceptible.
Even in personal homes, there are often instances of shoddy workmanship by unscrupulous companies. This lack of quality control can go unnoticed by ordinary individuals.
Solar power generation systems have also seen numerous issues, prompting warnings. Please exercise caution, including regarding these matters.
● Environmental Risks
(7) Increased Difficulty in Moving Due to Relocation
Moving becomes less straightforward. After purchasing a property, realizing its inconvenient location can make relocation challenging.
Issues like having peculiar neighbors or difficulty in community relations can arise. Additionally, if tall buildings or undesirable facilities are constructed in the vicinity after purchase, attempting to sell becomes burdensome, potentially leaving the seller with debt even if a sale is made.
Individuals might also find themselves unable to move easily or leave their jobs due to the commitment of homeownership. Some companies may even issue transfer orders to employees who have purchased homes, increasing the risk of becoming overly compliant with company demands.
(8) Inability to Adapt to Changes in Family Structure
The period during which the entire family can live together comfortably may seem long but is often shorter than expected. When children become independent, the home may become too spacious, leading to difficulties in managing it.
While downsizing is possible with rental properties, maintaining the same household composition in the same house over time is relatively rare.
(9) High Potential for Inheritance from Parents / No Trouble Finding a Place to Live in Old Age
There is a significant increase in vacant homes, as indicated by data from the Ministry of Land, Infrastructure, Transport and Tourism. As of 2013, the number of housing stock (approximately 60.63 million units) is 16% higher than the total number of households (approximately 52.45 million).
Essentially, there are already enough necessary homes in society. There are over 8 million vacant homes.
Therefore, even if someone believes they won’t inherit a property because their parents don’t own one, there is still an abundance of housing nationwide.
Consequently, if one is flexible with location, they can acquire second-hand homes inexpensively or find better rental properties due to the surplus in the housing market.
People don’t become adults overnight; sudden explosive population growth is unlikely, reaffirming the surplus in housing.
