How Much Do You Pay For Rent? TOKYO, JAPAN (Rich Foreigners)

We went to the richest neighborhood in Tokyo, Japan (Hiroo) and asked wealthy foreigners/expats how much they pay for rent and what they do for a living! Tokyo recently ranked as the 10th most expensive city in the world and 3rd most expensive for expatriates. Let's see how much it actually costs for these people that are living the "Japanese Dream"!

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If you're reading this, comment down below where we should go to ask people's rent next!

[timothysands]

The VP was very generous with information regarding buying a home in Japan. Much love for that guy and thank you for the vid!

[throwaway]

Blown away by the humility and gentle confidence of the fintech guy. Speaking on responsible purchasing, spreading his company, accomplishing his goals, speaking with pride about the Japanese people - gorgeous. Money doesn’t ruin everybody ❤

[Drum]

The guy who bought the house seemed like the best at spending their money, bought a house at a mortgage of 0.69% in a relatively affordable area vs some other people in the video spending half of their income on rent alone.

[jonsil]

Really loved Jeff's segment, he was very detailed and forthcoming with info and generous with his time. Andy's too!

[chongi]

ask people living in japan how much they work in a week

[izakayachu]

you should also ask everyone you interview what's their japanese level (non-existent, beginner, conversational, fluent, etc)

[fuckafuckafucka]

Jeff really knows whats up, live in the outskirts of Tokyo, or consider living in northern part of Yokohama. Probably even less stressful, affordable, more peace.

[mangochan]

Def would love a part 2. I love videos like these especially your videos. You always get straight to the point and keep things interesting.

[urufuerufhjehjbedjh]

Totally blown away by the mortgage rates in Japan. I was lucky to buy when the rates were low, but below %1 is a whole different level. keep up the videos!

[InstantLuc]

The nice thing about Tokyo compared to other major global cities is that you can live in the outskirts without worrying about being connected to public transport or safety. This can save you a lot. Also for people coming from other high tax places (EU, UK, Canada, etc) a lot of skilled work has salaries comparable to USD pay rates. So in Tokyo my salary is closer to what it is in the USA vs Canada which makes a BIG difference.

[Bigrocks]

I lived in 広尾 for four months in 1986 while working for EDS. My wife and I lived in a really nice apartment with a sauna, Japanese garden, big bedroom, kitchen, and living room. Don’t remember for sure, but think the company was paying over $10, 000 for rent at the time. Haven’t been back to Japan since but am planning a 3 week trip next year. We can hardly wait!

[miloinindo]

I lived in Japan for 4 years 20 years ago. Currently, I live in Portland. I went back to Japan with my kids last summer and I was shocked at how cheap it has become. Portland is significantly more expensive than Tokyo is. Prices in Portland have shot up drastically over the last 20 years, but Tokyo is basically the same price as before, making it relatively cheap.

[nero]

Wow 0.69% mortgage compared to 7% in US right now is night and day difference. The lowest it was in US a few years ago was around 2.75% and that was a historic low. Very impressive.

[kim-tliz]

as a hong konger i can approve that everything the second lady said is a 100% true

[unkopower]

one other point - rare for Japanese landlords to raise the rent. My rent in Tokyo has NOT changed in 4 years! in Los Angeles my rent kept going up every 5 months, even my storage unit in LA the rent seems to go up every few months.

[combat]

The main thing about affordability in Tokyo imo is that you can eat very cheaply here if you want to. There's so much extremely cheap food/drink in conbinis and supermarkets that you can live off of. Inflation has made it a bit costlier the past few years but still not too bad.

[Keirosqeen]

Funny how the German guy is wearing Jack and Jones t-shirt (very typical men brand which every man in their 30s and 40s wear in Germany) and hasn’t really changed his style much even though he lived there 3 years, such a German man.

[sophiaisabelle]

This is a great interview overall. Keep working hard.

[jeffg]

As expensive as these rents sound in today’s terms, Jesse, Hiro-o was even crazier in the late 1980s when it came to what expats paid for rent…and what their companies were willing to pay! I knew the non-Japanese, expat country head of Japan for a major U.S. beverages company at the time, and his wife and he lived in Hiro-o. His monthly rent allowance from the company was US$20, 000.

In early 1989, the US$ to yen exchange rate was around 125, so his *monthly* rent in yen was around ¥2, 500, 000. But remember that his company was paying for all of that, and it’s entirely possible that he was unaware of what the number actually was. (When I asked another friend what the rent in Hiro-o was for his family and him around that time, he told me that “all of that was handled by the company. [He] never saw a rental contract or heard a number.”)

The point that Denton made toward the end of this video about “the rest of the quality of life based around the apartment [he] lives in makes the value so much better than the price” he would pay in Livingston, NJ (if I heard that location name correctly?) is 100% correct. Although the living spaces are smaller than would be typical in many parts of the U.S., the overall value you get for your money in terms of quality of life makes Tokyo a *much* better value than you will find today in most parts of the U.S.

Great video and interviews, Jesse — I would love to see a “Part 2” of this video!

[joems]

From now on "KUCHISABISHII" is my favorite word, even if I'm broke. Thank you!