Land buyout strategery

[Coligny]

Is there any traditionnal/polite way to approach aging neighbours to offer them to buy / put an option on their land when they decide to retire / leave ?

In Europe we have the "viager". You give money upfront. And then every month you pay a rent to the owner who still live in the house until he dies.

And now the disclaimers:
Option have to be legal.
Land in question is in Japan / Aichi.
Said neighbours seems to already be in medical retirement house.
I don't know if we are in good or bad terms with them.

[kusai Jijii]

I don't know if we are in good or bad terms with them.

Why not?

[Taro Toporific]

Maybe you should ask the expert on land grab strategery....

[YT]ptAoJedxFzU[/YT]

[amdg]

In Europe we have the "viager". You give money upfront. And then every month you pay a rent to the owner who still live in the house until he dies.

That's like a reverse mortgage right? I'm not sure how common that is in Japan. In any case, if you have no relationship with these people then your best first step is to get someone else, acting for you without releasing your name, to make an offer by written letter on their land and then see what they say. Make the offer reasonable and you might get a deal.

If you already have a relationship with the owners (either good or bad) then that changes a lot of the variables.

I was tangentially involved in a land deal a few years ago that resolved itself in a strange way. The land in question was bordered with three other parcels of land - one to the left, one to the right and one to the rear. The owners were retiring to the countryside, had no kids, and had good relationships with all the neighboring lots. All three neighbors wanted to buy the lot, so the owners set a price at which everyone agreed and then held a lottery to determine who could buy it.

A lottery.

TIJ

[Samurai_Jerk]

I was tangentially involved in a land deal a few years ago that resolved itself in a strange way. The land in question was bordered with three other parcels of land - one to the left, one to the right and one to the rear. The owners were retiring to the countryside, had no kids, and had good relationships with all the neighboring lots. All three neighbors wanted to buy the lot, so the owners set a price at which everyone agreed and then held a lottery to determine who could buy it.

A lottery.

TIJ

Japanese people are so fucking stupid.


Coligny, why don't you ask an expert like and agent or a lawyer instead of asking advice from a dubious source like FG?

[Coligny]

Why not?

It's not written CIA on my office door and as adorable as Mom-in-law can be, sometimes obtaining precise information from her would require more than waterboarding.

To picture the shape of the land. Think of a square. The bottom 1/4th is the land I want, the first 3/4th... we already own d'em. If you look at a map, it's evident that it would be interesting to buy it.

[OKLAHOMA]

Japanese people are so fucking stupid.


Coligny, why don't you ask an expert like and agent or a lawyer instead of asking advice from a dubious source like FG?

Why are they stupid? They are NOT stupid!

YOU, SAMURAI JERK, ARE STUPID!

The lottery worked and the sellers got their price.

[Samurai_Jerk]

Why are they stupid? They are NOT stupid!

YOU, SAMURAI JERK, ARE STUPID!

The lottery worked and the sellers got their price.

Douche bag say what?

[FG Lurker]

Why are they stupid? They are NOT stupid!

You've been here too long and are losing it. You'll never be Japanese so don't try so hard to conform and defend. (Before you start pointing fingers and yelling n00b, I've been here 15 years and love my life.)

I can see why the owners did what they did (preserve the neighbourhood "wa"), and if they didn't need the money for their own welfare then I see no problem with it.

However if that was their retirement money and/or had an actual impact on the quality of their life from that point on then what they did was economically foolish.

We're never going to know which one it was so why get so upset?

[Greji]

We're never going to know which one it was so why get so upset?

He's posting from Ibaragi! Whadda ya expect......

[Catoneinutica]

Why are they stupid? They are NOT stupid!

YOU, SAMURAI JERK, ARE STUPID!

The lottery worked and the sellers got their price.

Oh, absolutely! But I wonder...if only there were a way potential buyers make an offer on the parcel based on the highest amount they'd be willing to pay. The seller could then compare these amounts and accept the highest one. Wouldn't it be awesome if there were some way to do this?!

-catone
-hankerin' after our neighbor's vacant lot that adjoins our lot. It's a parking lot now, but I'd turn it into a nice U-shaped driveway covered with crushed limestone and bordered with those little iron posts you see in Europe. Unfortunately the old bastard is only in his early sixties.

[OKLAHOMA]

Oh, absolutely! But I wonder...if only there were a way potential buyers make an offer on the parcel based on the highest amount they'd be willing to pay. The seller could then compare these amounts and accept the highest one. Wouldn't it be awesome if there were some way to do this?!

Had any prospective buyer WANTED to pay more, the sellers would have quashed the lottery in an instant. Money talks, GAIJIN walk.

Anyway, this was a deal between a bunch of interested parties, and nobody else's business.

[Mulboyne]

Had any prospective buyer WANTED to pay more, the sellers would have quashed the lottery in an instant. Money talks, GAIJIN walk.

By and large, no-one "wants" to pay more for anything. The question is whether the seller could have achieved a higher price. We can't know for certain but it seems likely that one of the interested parties had the resources or willingness to pay more than the others. This would have come out in an auction process which is a very common way to conduct transactions in Japan. I suspect FG Lurker is right and the seller felt some pressure not to sour neighbourhood relations by appearing to favour one buyer over another and so left it to luck. You argue that the sellers "got their price" but that is only true in the narrow sense of the price that all parties agreed. You can't know whether they would have preferred a higher price but chose instead to sacrifice their bank balance.

For all we know, everyone acted perfectly rationally and the sellers actually accepted an "incentive" to rig the lottery result which allowed them to get the higher price while appearing to be even-handed. Honne & tatemae with the added advantage of keeping some money away from the taxman.

[wuchan]

Had any prospective buyer WANTED to pay more, the sellers would have quashed the lottery in an instant. Money talks, GAIJIN walk.

Anyway, this was a deal between a bunch of interested parties, and nobody else's business.

someone doesn't get how zoning laws/land transfer rules/local family loyalty works here in japan.

[FG Lurker]

Money talks, GAIJIN walk.

In which case why don't you just walk on out of here?

nobody else's business.

So why are you so upset about it all?

[Coligny]

He's posting from Ibaragi! Whadda ya expect......

What's wrong with ibaragi ? is it worse than Saitama ?

BTW: what is wrong with or economically foolish to choose the buyer of the land with a lottery ? It seems to be an old way of doing it... 20-30 years ago. Got some -old- friends in Nagoya who bought their house like this. There was 20-30 new houses to sell. People interested registered and lottery was hled. No drama...

[FG Lurker]

BTW: what is wrong with or economically foolish to choose the buyer of the land with a lottery ? It seems to be an old way of doing it... 20-30 years ago. Got some -old- friends in Nagoya who bought their house like this. There was 20-30 new houses to sell. People interested registered and lottery was hled. No drama...

Lotteries still happen when the government is selling off land at a fixed price and there are more buyers than available lots.

The example from earlier in the thread seems to have been a private sale where 3 people wanted to buy a very specific piece of land. Generally in tihs case it would be economically wisest for the seller to set the price at the highest they think they can get and then sell to whoever is willing to pay that price. Alternatively they could take bids and sell to the highest bidder, be that one of the neighbours or someone else.

[Greji]

What's wrong with ibaragi ? is it worse than Saitama ?

When you're taking all the grim and glitter, they're about the same. Used to do a lot of work around Mihomura and that area has all the appeal of Abu Ghraib (I assume Okie means he's sun bathing in Ibaragi the prefecture, not Ibaragi in Shigaken, which really isn't that much better).

[FG Lurker]

As our TOTM-nominee lists his location only as "Ibaraki" he could also be living in the complete hole of a city between Osaka and Kyoto. In this case I understand his anger at the world, I'd be pissed if I had to live there too.

[Samurai_Jerk]

BTW, Greji, what's with this "Ibaragi" shit? It's "Ibaraki". Stop trying to show off by making the same mistake the locals do.

[Coligny]

-catone
-hankerin' after our neighbor's vacant lot that adjoins our lot. It's a parking lot now, but I'd turn it into a nice U-shaped driveway covered with crushed limestone and bordered with those little iron posts you see in Europe. Unfortunately the old bastard is only in his early sixties.

Those Jelly sweets as summer gifts seems to do marvel...

someone doesn't get how zoning laws/land transfer rules/local family loyalty works here in japan.

That would be also me... Do you has a primer on these ritual behaviour that would be between Aruto Debito gastric acid and the "HelloKitty Japan is so marvellous that i'm shitting raimbows" delirium from some clueless expert es-japan inc ?

[wuchan]

Those Jelly sweets as summer gifts seems to do marvel...



That would be also me... Do you has a primer on these ritual behaviour that would be between Aruto Debito gastric acid and the "HelloKitty Japan is so marvellous that i'm shitting raimbows" delirium from some clueless expert es-japan inc ?

HAHA Demento........
Around here when the old people die off and the kids get the farmland it just ends up a jungle of weeds that only gets taken care of when one of the older generation neighbors gets annoyed enough to trespass and cut that shit back. (wow run on sentence.) Lately the old folks have been selling it to other families that have been in the area forever because no one wants it to be turned into a giant concrete thing with millions of small rooms. Land zoned as farm can not be built on. The only people who can get it changed to residential easily are large corporations and the guys with huge tats. Plus farm land aint worth shit. Our largest field, 200m x 500m, is only worth about 6man. The people also don't want to sell it to people that they don't know because they think that the new people will just try to sell it to a developer.