← Back to context

Comment by pjc50

10 days ago

Postal savings at 2% interest. https://slate.com/news-and-politics/2005/08/how-did-japan-s-...

Rough.

  • Is it rough when a house costs 10-20x less than in countries where the best you can reasonable hope for is a whopping 10% return on your money?

    • 10% is the bog-standard minimum, so you're more hoping for 12-15%, and the houses in Japan are knocked down and rebuilt between essentially every occupant, so they're pieces of garbage meant to last a decade or so, and about as environmentally unfriendly as one can get.

      So yeah, it's extremely rough when there's nothing valuable to invest your money in.

      4 replies →