After my last post, I figured I’d lighten the mood a bit with an article I found over at Gadling via digg entitled, “Big in Japan: How to rent an apartment in Tokyo.” Author Matthew Firestone decided to move into his own place with a roommate and discovered firsthand the craziness that is renting an apartment in Japan. The place cost $1500 a month, not bad for two people in downtown Toyko. But, not only do you have to pay a down payment and security deposit, you must also pay something called “reikin,” which is two months worth of rent as a gift to the landlord, non-refundable. It doesn’t stop there. You must then pay a “finder’s fee,” costing another month’s rent, non-refundable. Why do these practices exist? According to the article, it is because of feudal laws still on the books mandating that things like apartments be suitably expensive such as to maintain the gap between rich and poor.

I must say, I was shocked to read this article. The cost of living in Japan must be insane, but somehow people manage, otherwise Japan wouldn’t be one of the leaders in the global economy. Go give the article a read, and discover what it means to be “hikoshi-bimbo,” also known as “moving poor.”

[Source]

One Response to “Renting an Apartment in Tokyo? Be Prepared to Fork Over Big $$$”

1. Zoe says:

   January 6, 2008 at 2:22 am

   Wow, that’s ridiculous. Will you have to do that if you decide to rent an apartment while you’re over there? (Although obviously your rent will not be $1500 a month.)

   Reply