One in three Japanese has home loan
Over the first five days of April 2007 MyVoice surveyed its internet community regarding home loans.
Demographics
17,241 members of the MyVoice internet community completed a private internet-based survey. 54% were female, 19% in their twenties, 40% in their thirties, 26% in their forties, and 15% in their fifties. Note that since one needs to be over 20 to get a loan, teenagers were excluded from this survey.
I have a loan, and I fall into the higher brackets in Q3 and Q4. Note that contrary to popular belief, it is not impossible for non-permanent residents to get a home loan, although naturally, any credit scoring that takes place will be rather harsh on those without demonstratable commitment to Japan. I got mine whilst in the process of applying for permanent residency, although they did not ask for any proof that this was actually the case. I am also a full employee (正社員, seishain) of a major company, so that no doubt helped me get a scary multiple of my salary as a loan, one which I am due to be paying off until I am 75…
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