Comments on: Most young Japanese would rather have no debts http://whatjapanthinks.com/2010/09/09/most-young-japanese-would-rather-have-no-debts/ From kimono to keitai; research Japanese facts and figures through translated opinion polls and surveys. Thu, 10 Apr 2014 22:29:01 +0000 hourly 1 http://wordpress.org/?v=3.8.2 By: Brand X http://whatjapanthinks.com/2010/09/09/most-young-japanese-would-rather-have-no-debts/comment-page-1/#comment-233995 Thu, 09 Sep 2010 03:19:23 +0000 http://whatjapanthinks.com/?p=3151#comment-233995 That most people in their 20s don’t have mortgages isn’t a surprise when you consider a few things:

1) Pay for new employees is typically low and has been stagnant for a while.
2) BUT, assuming that a young man lands a job out of university, he’ll very likely stay in a company dormitory or apartment for a number of years live for free or pay a very cheap rent. During his stay, it is a assumed he will be saving up for a home. Depending on the company, the maximum stay is something like 10-12 years or your 40th birthday, whichever comes first.

These people are cash-poor and generally don’t enter the housing market until they are in their thirties when they are hopefully earning more and have saved up a decent down payment.

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