Transcript
Speaker: I think it's better than 95% of the New York slices I've had. I lived in New York for nine years. ah tried a lot of of pizza. I think it's better. It's one of the best New York style slices I've ever had.
Speaker: Welcome back to the number one Akia podcast in the world. The besties are back. Our last besties podcast together before Take leaves on his trip. And we have to do these remotely over Zoom, but this for now, it's still together in the same room.
Speaker: Recording live from my parents' home in California. Joey's been staying here for the past week-ish, I think, so far. Yeah, about a week. How's California treating you? I was thinking about it last night. Am I still jet lagged?
Speaker: Maybe. I think I can ride out the, oh, I'm jet lagged excuse for like a two two weeks. I wake Joey up every morning. I'm just like, Joey, sauna. I like preheat the sauna. It's early, 8 a.m. Wake in sauna.
Speaker: We just sent off our other bestie, Eric. He came to visit us for a couple days, but... Joey, last time we recorded a Dear Diary series, I believe it was in Indonesia. Where have you been since that last podcast? Definitely flashbacks of ah in and waking up early in Indonesia when you wake me up for the sauna here. here We were doing 5 a.m. wake-ups. Joey, it's Dawn Patrol. yeah Where have I been since then? Right. So after the Indonesia surf trip, I went to Otaru in Hokkaido for like seven, eight days.
Speaker: And the mission, I had a mission. For those listeners of the podcast, they probably know I'm not the biggest fan of cold weather places. So why on in the world is Joey going to Otaru, arguably one of the colder places in Japan?
Speaker: We just bought a property in Otaru. We bought a duplex. I know. It's like a one building with two identical yep layouts on the second and third floor based Masakai.
Speaker: Wait, what's the city called or like area? Masakai. Masakai. Neighborhood of Otaru. Yep. So we're in contract. So it's not in our name yet. We're in contract. Yay. For this property, number six, Akiya number six for us.
Speaker: We are purchasing this with Ryo, one of the agents that we work with for our Akiya Mart direct purchasing process. If you want to buy a house in Japan, we have a great purchasing process for that. And Ryo is one of our All-Star agents, his business, Nostal Homes, helps people Airbnb the properties that they buy in Japan as well. And he also property manages.
Speaker: We're going in with Ryo on this property. First collab project, we found this, and I i don't remember how much we talked about this, just to say it again. One of our customers was looking at Otaru up in Hokkaido, again, about hour away from Niseko.
Speaker: One of the hot spots we're seeing, especially amongst the Australian snowboarders and skiers. Otaru's hot, whether I like it or not. Otaru is hot. And one of our customers, we were helping through a transaction and the agent, seller's agent approached us said, hey, we have this off-market deal. We went back and forth. We really tried to negotiate hard, unfortunately.
Speaker: I think the agent knew what he had. So the condition of the place was pretty good. Joey, you know, describe the scenery when you went. How was the property? I think was more the seller knew what he had. And we didn't we negotiated a little a tiny bit. We got maybe like $2,000. It was actually a real estate company that owned it or something. Or it like a, it was a business that owned it or something. wasn't this It wasn't a note like, yeah.
Speaker: Someone once gave us that advice too, like when we bought the Tama house, when it's a business selling, they are much less willing to negotiate with you. For them, it's like, you know, they've got a spreadsheet, they need to hit this profit margin. And so like, you know, if you offer lower than that, they're just like, no, can't do.
Speaker: So we did and negotiate a little bit off the price, but least- 2,000 bucks. It never hit the market, which actually is cool. So another off-market deal for us, ka-ching. Ka-ching.
Speaker: Property itself, I was Zoom toured in. It was late in California, but you set the scene, Joey. How is the actual property itself, conditions, neighborhood, stuff like that? so let So let me set the scene with Otaru in general. so I can't, again, probably listeners know I'm not very excited about the colder weather places in Japan, um but I did go to Otaru for seven, eight days. And let me just say the, first of all, the train ride from So you fly into Chitose Airport, which is like the Sapporo City Airport, and then it's about an hour on the train from there. Fantastic train ride. So it goes along the kind of northern coastline there of the Hokkaido Island.
Speaker: The train is literally like right on the coast. One side of the train, you kind of get this cliff face and on the other side, you see this kind of very cold water ocean view with lots of, you go through the, you know, towns dottle along it. You see lots of kind of islands off the coast there. It was very cool.
Speaker: The train ride was like ah nice, uh, welcome and it's fast. So I didn't mind that at all. Otaru City, colder. So I was there, when did I get there? First week of June or so? It was quite cold. There were some warm days as well.
Speaker: But like, yeah, sweater and jacket I put on my first day. walking around I walked around the town. It is smaller than Beppu. I think when I looked it up, it's about the same amount of people. It just feels like a smaller town than Beppu.
Speaker: A lot of, I was there off season. So definitely the peak is during the winter, lot of great skiing around this neighborhood. Um, but there was lots of tourists, even during the off season. It seemed like a lot of Asian tourists, Korean, Chinese tourists were there. checking it out there's like an old town of otaru that's all these brick and stone buildings they had a big fire there in the 1930s i'm not sure exactly when and i think as a city planning they said no no no we're going to build a lot more stone buildings and there are a lot of them i thought i knew hokkaido kind of had this stone brick history to it i didn't know it was everywhere otaru it's literally everywhere there's these very cool stone
Speaker: Japanese warehouse type buildings. Very cool. They look so cool. I was like, were you able to, are there any on Akiyamart that I have not? So back to the seller's agent who got us this off market deal. I did say, i was like, if you ever see, I was like, how often do you see them come on the market? And he was like, every once in a while they'll come on the market. Okay. Usually for rent. And I did see one for rent. Um, and, but it, you know, it it was in a commercial zone and the rental advertisement was saying great for ramen shop or, you know,
Speaker: nail salon or kind of any kind of small commercial business. I did get to see the inside of them. There are some, especially in the kind of the tourist district, a lot of the shops and stuff are these stone buildings that are converted into new shops and you can see the inside.
Speaker: They're cool stone. And then they've got these kind of big wooden beams for the ceiling. They're very cool. It's very unique. Japanese brick stone style. Okay. Otaru off season. Good to know weather is cooler. Joey went straight from like tropical 100% humidity, 85 degrees in menize in Indonesia to cold, dry, Otaru?
Speaker: or sorry Colder, drier than Indonesia, but I wouldn't particularly say it was like dry weather there. i would say more kind of like Nova Scotia. Okay, give me the highlights. I know there's some potential food upsides. Food was banging, and I arrived, like apparently, someone I didn't verify this on the internet or anything, but someone told me, a cafe owner said,
Speaker: the like the uni season sea urchin season he was like it just opened like two or three days ago he was like you're at the best time for uni and they have a lot of uh seafood there so i was getting these big bowls with a lot of fish on top kind of chew total like the medium fatty tuna bowls and then big hunk of uni on top of that i was paying tourist prices i still tro prices I still thought the food was fantastic. um Maybe I paid about 3,000 yen for like a big bowl. 20 bucks?
Speaker: Yeah. Compared to that place that that we're going in Roppongi in Tokyo, I think that they're charging like 4,000 or 5,000 for that. So to go down to 20 bucks. So to go to 3,000 from 5,000 yen.
Speaker: And I think the quality was better. yeah And like a lot of uni. The seafood was fantastic. I went back to this tourist. It's a tour. I mean, it's it's a tourist trap. So like there's this one market in Otaru called the Sankaku Market. It's right next to the train station. Triangle Market. Triangle Market. And every shop there, you know, it's fishmongers, but also they have restaurants attached to it. Maybe like a Tsukiji, which is a fish market in Tokyo of Otaru. Yeah. But every single shop there had a Chinese speaking employee and they all had like little badges on their shirt, like with the, you know, I speak Chinese kind of thing.
Speaker: And so I'm just like, okay, this is a touristy trappy area. They get a lot of Chinese tourists here. The food was still good. I was, I put, you know I didn't mind the tourist trap. Like it was that good. Okay. Okay. On top of that, i will just say there's there's other places in... There's an uni-only restaurant, too. I didn't go to that, but I almost went to it. It's an uni, like, salmon restaurant. Didn't get to try that. Ice cream was also really good. Hokkaido is really well-known for its dairy.
Speaker: But the very surprising... 10 out of 10 restaurant, maybe 11 out of 10 restaurant I went to eleven was a ten Neapolitan style pizza place in Otaru. So good. This was like one of the best pizzas I've had in a long, long time. Really good.
Speaker: Otaru food scene, unhinged. People going to be raising the eyebrow with the pizza. But joey Joey knows his pizza, I'd say, right? you Your parents used to live in Naples. My family used to live in Naples. So I've tried a lot of like from the source Neapolitan pizza. And then i lived in New York, arguably also claims to have some of the best pizza in the world. Very different styles.
Speaker: But um this was really this was Neapolitan style. a Very good. Curveball, curveball. Yeah. Otaru pizza. unknown but wow food game it seems like that's most of the big upside i know you did get sick for some of that time as well and saw the house but yeah keep going with the journey here okay so the one thing food seemed lacking i did find is like so there's cafes in otaru i'm very much like i like to go to a cafe and do some work we're running the website so i'd like to go to a cafe and do some work starbucks you know a lot of people do complain there's not a lot of wi-fi at cafes in japan and that is tough to work at cafes in japan right
Speaker: tough to work and all the cafes in Otaru are that kind of Japanesey style where you you know some may advertise they have wifi but it's like pizza toast yeah pizza toast it doesn't really feel like a place you want to sit and work at and none of them had espresso machines Except for shout out to I'm going to not remember the name. I think it's called like Cafe B3 or Cafe B or there's definitely a B. Okay. um Espresso machine. its spread They had an espresso machine and it's run by an Australian couple. Wife is Japanese. The dude is Australian. Very, very friendly guy. Definitely check this place out. I would go back there because I wanted the espresso drinks. They speak English. They've got a small kitchen there. for good food.
Speaker: He's very excited to talk about how naive. So I mentioned to him, i was like, Oh, I'm i'm checking out a property later today. Very excited to tell me how naive I am about buying property in Otaru. Again, it's about the snow, like the same situation with Nyoko. Like the snow is no joke in these places.
Speaker: And he, I believe he probably sees lots of skiers each year saying they're going to buy property. But you know, there's lot, as we know, there's lots of hurdles to buying property in Japan. So maybe he kind of thought I was run of the mill buyer here, but I was actually on number six property. Little does he know we got the infrastructure set up. We got the agents. We know how to help people buy.
Speaker: Yeah. His, his big thing. I'm a camp. Sorry. I can't remember his name or the cafe name cafe be something. Really nice. Go check it out if you're in Otaru. But his big thing was like snow. Like snow is no joke. Like yeah you really need to put. So there's there's two types of snow removal or two two steps to the process.
Speaker: It's one that's getting it off your house and getting the driveway shoveled. But then he's like, you can't just dump it. There's no yards here. You can't just dump it into the street. You actually have to pay someone to like load it in the back of their truck and then take it somewhere else too is the other piece of the process, which we didn't have to do in Miyoko. Miyoko, yeah.
Speaker: Okay, let's get to the meat here. The house itself. And on that, I know I'll set the scene from my understanding. Three floors. Bottom floor is like a concrete type basement riser for the house foundation. So we've recorded a podcast with Matt Guy. sim Very, very similar type setup. So there's a thing of it like a could fit as Prius maybe and in the garage under Maybe. Giddy, giddy. Okay. foody yes Okay. So...
Speaker: Bottom floor is kind of storage concrete. Then you have the stairs that go up to the second floor. And then we have the third floor, both of which are identical. Joey, what thoughts on the house itself? Yeah, so first off, I think one of the most exciting things about the—well, okay, one. Otaru is cool and very close to ski. I think that's one of the biggest selling factors on this house. But the exciting thing about the house itself is, as Taki mentioned, the second floor and third floor are identical copies of each other, and they have separate entrances. So here's some possibilities. Let me just rattle a couple off. Okay, let's hear it Double the Airbnb income. If you wanted to Airbnb both of these, this is an Airbnb-able zone. Dukanable or 365 180. Okay. 365. So this is a real accountable property. So you can, so double the Airbnb income and you just kind of like hit the first floor, second floor, same design kind of setup would work really well.
Speaker: Other ideas, buy it with a friend, you and a friend have your own personal spaces. If you're both ski bums and you each have your own kind of ah a flat in Otaru, pretty great. Another idea would be using one as a personal office to one of the stip... Again, there's a lot of visa stuff we can't advise on, but one of the things we keep hearing about when applying for visas is you need a physical office for your business, whether it's a business manager visa or employment visa. So this, and you need a separate entrance for that physical office. So again, you could have your own living space and then you have your physical office and yeah you know, you've checked off one of the boxes in getting a visa for Japan.
Speaker: Yeah, I think personally, I i imagine someone coming in living in one floor, renting out the other floor, or like maybe having in-law units or something. The property itself seems like it has insulation. it is in very good condition.
Speaker: Obviously needs a little bit of updating with like maybe the furnace and stuff. But it looks pretty banging for... Yep. So note some of the things that we we extensively tested, me and Rio, when Rio came up for a day and we checked out the house and then we hit a sauna and got some uni.
Speaker: But yeah, so we were going all of jumping all over the floor trying to see if there's any squishy spots, checking out the ceilings on the second floor, first floor, checking for leaks to see, um you know, do we see any water damage? That's another classic thing we're always looking for, how...
Speaker: You know, you get an idea of the condition of the roof. I think it just needs a little TLC. Like you said, flooring, wallpaper, dated bathroom, a little dated kitchen, a little dated the new tatami mats.
Speaker: The first floor has a kerosene heater. Second floor needs it installed. No ACs yet in the units. Again, it's Hokkaido, though. Maybe you maybe just get away opening the windows in the summer, but probably want AC as well.
Speaker: I think that's all it needs. Cool. So as some may know, we finished our first or we're in the process of of selling our first Akiyamart seal of approval in Nagasaki. Again, if you applied to that, thank you very much. Things are going well here. We have a ah nice family suited to buy that.
Speaker: This is going to be our second. We might have one more actually in between, but second Akiyamart seal of approval property. Our goal here, kind of similar to that first Nagasaki, this spot is very legit.
Speaker: We are going to do a little bit updating, but actually take it a step further, I believe. As we mentioned, Nioh is one of our Airbnb Minpaku licensing specialists. So we are going to get this property licensed. We are going to update it. We're going to furnish it, I think.
Speaker: We're going to take photos. So it's really actually a turnkey investment. Whether you want to live in it, you want to rent it, you want to live and rent it. Our goal here is to take it one step further and actually have it be actually actually ready as a running kind of Airbnb business.
Speaker: Turnkey as best as we can do it. Turnkey business. Turnkey business. Interesting. and With the deal of managing it when you're not there. Hopefully check a car ah with it as well. This neighborhood, I do believe you need a car. you can the grocery store is like a the The grocery store is like two blocks away. It's like two-minute walk. I checked the ramen walkability. A lot of ramen shops. Yep, there's ramen around there too.
Speaker: masakai if anybody's interested the masakai area of otaru we are planning to probably launch this in the fall we definitely are trying to do this before the winter season starts i think joey and i will go up maybe september october we are think closing end of this month so probably when this podcast is out is when we will have keys in hand so Crazy how fast things move.
Speaker: but The snowball just keeps coming. Like right when we were done with the property, another cool project comes up. And I think I'm personally excited on taking, again, the seal of approval one step further and seeing like, can we get this place furnished and really, really ready to go?
Speaker: We're trying not to be so scatterbrained. And like, we're already talking about the next, you know, what's next after Otato? And we barely even started Otato. So sometimes it does feel like we're and we're a little bit all over the place, but I think definitely we're focusing on this Otato property for the time being.
Speaker: How are you feeling? going to take this a different way now. I know a lot of crazy shit is happening in the world right now. I know there's a... but Are we on the brink of World War III? You know, Trump tariff stuff. You know, from our perspective, we've seen some ups and downs in demand. and But overall, like, to my understanding...
Speaker: things are up and to the right or things are moving fast with Japanese real estate, specifically Akia's now. Like where there was a slowdown in, I guess, early Q2, but now it's like, whew, something clicked on and I'm not sure what it was.
Speaker: yeah We'll see the trend continues, but definitely like right around when Liberation Day, when Trump was talking about all his tariffs, that kind of link slowed stuff down. We're assuming that was the reason, kind of slowed stuff down for maybe a month to two months.
Speaker: And now we're seeing kind of like a ah banner month coming up for June. So things are feeling back. It's interesting that tourism has not slowed down in Japan. That has been like a really constant thing.
Speaker: I know there's been ups and downs in the exchange rate, but we can we talked a little bit about it with Nin in our last podcast on like timing the market, whatnot. From our anecdotal customer, kind of like how many people were were helping, there is little bit more of an urgency. Yeah.
Speaker: Talked about it, I think maybe with Eric in our last podcast, but like it seems like people have gotten past the part of like, hey, you can buy a house in Japan for cheap. Now it's like, how do I buy a house in Japan? and Yeah, I mean, you just shared an article with me yesterday from Lynn Alden, fantastic macroeconomist out there. She writes a lot about Bitcoin.
Speaker: it's you know this It's becoming more mainstream. Lynn Alden's, I'm not sure if she does, I know she has a book, but if she does more of Substack, I'm not sure how people ah hear her most. And she's on YouTube too. But like her to be talking about this, she has a huge following.
Speaker: She puts all these charts and stuff in it but I think the, I saw on an X, the big thing was like, is now a good time to buy real estate in Japan was like the top comment. So a lot of people are talking about like, oh, land prices in Tokyo. So that data came out in March. And that's what Lynn was specifically referring to some charts you put together.
Speaker: And that's the tax assessed value of land in Tokyo. So it's survey data. So i I don't know if it's every year they do this survey, but they just kind of evaluate the tax assessed value of land. And the big news was that but I think for fourth the fourth year on a row, it's been increasing was ah why there was a lot of excitement in March when this data came out. and And that's what Lynn is referring to. It's been going down since almost forever. And the past four years, it's it's hockey stick back up.
Speaker: The bubble has slowly dissipated, I think, right, since the nineteen ninety s but Interesting to see. i still don't understand enough about Japan's economic situation, but I know it it is seems like a house of cards to some degree with all the debt. but Actually, if anybody wants to kind of get a better—I'm not going to claim that I fully understood this podcast and and can— regurgitated, but Richard Katz, I believe he's like a Tokyo correspondent for the New York times. He wrote wrote a book recently about why he thinks Japan can't get, get its rear in gear. Almost. i thought was a really good podcast. He talks a lot about how the giant corporations are kind of holding down startups in Japan. And he really sees that as the key, but
Speaker: Check out Richard Katz's podcast. I think he did it with Patience Realty. that sounds right. So if Google for either of those, Patience Realty, Richard Katz, you should find his podcast. It was on SoundCloud. We should get him on the pod, actually. We should reach out to him.
Speaker: Yep. Okay, cool. And I guess next steps, what are we doing? It's going to be, it feels like we've been traveling nonstop. So Joey's been traveling. He's posting up at my parents' house for a month and guarding the house. And now I am going to Japan. So I'm going to be going to Tokyo, checking our properties down in Beppu. Oh, our garden in Tokyo looks good.
Speaker: Okay. Yeah. Shout out to Josh, um, who helped us set up the garden. it is, it looked pretty, cause we, we did it from seed, you know, for the first six and months, there's nothing, but now it's looking really fantastic. The ground covering really good. If anybody else is out there looking for a landscaper in Japan, uh, reach out, we can put you in touch with ah Josh who helped us out. Can't forget Linda, the legend, our Tama Tama base camp property manager. She's been watering it. I'm go to put this as the podcast cover of her dog, Odie.
Speaker: Just sleeping on our lawn. So things are coming up. It's been really, it's really exciting. Every time we go back to Japan, we see small improvements. We might not meet be moving as fast as like someone who's on the ground, but like going to be checking our Tokyo property, going to be driving down again to Beppu.
Speaker: We'll be stopping in Osaka to say hi to a couple folks. So I will be in Tokyo. If anyone wants to hang out, shoot me a ping. I'm not sure where I'll be, but would love to meet up, bring in my fiance and my parents to Japan. So we'll be doing a babysitting.
Speaker: Something actually, I don't think I mentioned on the podcast. I found out, Joey, I told you this, like talking my dad. We had bought this place in Tama and then I was like, hey, Papa, we're taking you to Japan. Where you want to go? He's like, do you want to see our grandma or your parents' graves? And like, yeah, they're in Tama.
Speaker: I was like, what the hell? Where we got the house? It was right where we got the house. So I'm taking my dad to see our Tama house for the first time. going to have him speak to our neighbors and stuff. Make sure that. That'll be perfect. That's going to well.
Speaker: do well but Our neighbors are quite old, so I think the kind of old person to old person will will go down well. We'll work well, and then we're going to go up to Kaduizawa because I've never been to Kaduizawa. I hear a lot of good things.
Speaker: My dad just keeps going like, Elon Musk has a house in Kaduizawa. John Lennon's favorite hotel in the world, Kaduizawa. So any listeners, if you have any recommendations on Kaduizawa, I will be taking my parents there. So lot of cool things. I'm excited. Any recommendations from you, Joy? Things I should do in...
Speaker: What's your top recommendation, either Tokyo, Beppu, Osaka, or Karuizawa? Tokyo, Beppu. You know some of my recommendations. The Sunflower Ferry.
Speaker: Of course I'm going to Sunflower. Osaka, Beppu. Everyone should try to take ferries in Japan. They're fantastic. There's an Otaru one to Niigata that I think I want to try too. Tama, if you're spending time in Tama, I think like that onsen with the cafe and...
Speaker: You know, the blazing fast Wi-Fi, that's that's great. tokyo Tokyo, Tokyo. For someone who's listening, what to Joey, what's your favorite restaurant in central Tokyo? Sorry, I was just about to give a Beppu rec. Give me Beppu, yep.
Speaker: There is an Amazake latte. okay Really good. Take your fiancé to the Amazake latte. It's called Stairs Cafe. i I'll send it to you later. Stairs Cafe.
Speaker: Amazake latte. They have very strange hours. Maybe not strange hours, but... Closed a lot of the time, but you'll figure it out. Okay. Tokyo restaurant or coffee shop?
Speaker: Okay. There's one that I see everybody posting, but I can't remember the name of it. Tokyo, unfortunately, I'm like Starbucks guy in Tokyo. I just have not had good luck with a good cafes to work at. Yeah. Whole lot to talk about there, but there are some places I've seen people posting recently.
Speaker: Tokyo restaurant...
Speaker: What do I do? Actually, you know okay, this I got pizza on the brain. That pizza slice shop. Saunas. By Saunas. And there's a second one on like Cat's Street in Shibuya.
Speaker: It's really good. It's a New York style slice. I think it's better than 95% of the New York slices I've had. I lived in New York for nine years. I tried a lot of of pizza.
Speaker: I think it's better. It's one of the best New York style slices I've ever had. All right. Well, I will ah go check them out. I think there's some good burger spots and pizza spots and ramen spots I'm excited to go to. Henry's Burger was pretty good, too.
Speaker: Claimed as Top Burger by my friend Scooter. Right? is that this Is that the one? Daikanyama? Yeah, Henry's Burger. what One last thing. ah Japanese wrestling. I went to go see Japanese wrestling last time I was in Tokyo. Like WD...
Speaker: you know like a w not it's not the wwe of japan but like a ah a b grade wwe it was so much fun yeah you know it really is like the throwing people into the chairs and like yeah i don't know the crowd gets really into it so like a wrestler will come out and i guess the wrestlers all have like a specific chant or like tagline and like everybody in the audience knew that chant for every one of the wrestlers um they They sell food and and drink there too and merch. It was actually a lot of fun, Japanese wrestling. I literally asked Gaga that. I was like, hey, do you want to go Mexican wrestling in Japan? And she's like, absolutely not. yeah so it's It's like the Mexican, like Nacho Libre kind of style wrestling. It was fun. I want to go, but I'm not going to go by myself. But...
Speaker: All right, man. I'm excited. I look forward to meeting some folks out there. Hopefully, it's not hot as balls. Ooh, last plug. Akiyamart, new feature, rolled out to our subscribers. We have sold data, or what we what we classify as sold data.
Speaker: Sold data. So this data... is not going to be actual sales data. So here in the US, for example, we have MLS that tracks the sales data. Japan does not really track that sales data. So we use the best to our knowledge.
Speaker: When listings get removed, we track that price. Whether it might not always be 100% accurate, but luckily sales transactions in Japan tend to plus or minus or minus maybe 10, 15%. So we're doing our best to kind of make a Zestimate equivalent in Japan. But Joe, any thoughts on that?
Speaker: Yeah, we're working. yeah I mean, that's kind of like the goal we're working towards that, you know, that Zillow's estimate was just, you know, it took the world by storm is if if we can start working towards building something like that, it'd be really cool.
Speaker: As like I can mention with the sales data, it is not the selling price. This is the house, the price, the home was listed at, at the time that the listing was removed from the market. So just a very technical caveat there, but it's probably. a very good proxy for the price that the house sold at.
Speaker: This data exists nowhere else in Japan. If anyone can find it, i'm I'm very curious to look at it, but it is not, like you can't go on Sumo or At Home or any of these other websites and find sold data.
Speaker: In fact, the you the links that they, if you look at any of the images and you save that link, that the images get taken down. They get deleted off whatever CDN that they're storing the images in. So sold data is just kind of non-existent in the market.
Speaker: Maybe Reigns is storing this, but you can't. Some of the websites, like at BB, you need to have like realtors access to access some of these database sites. It's not clean or organized, the data too. So...
Speaker: I think we are taking some time and over a couple years we might get some really relevant data. So as a user, if you are looking to purchase something, click that sold toggle and it will show you stuff that has been previously listed. I think this is a really, really good way to look at comps in the area. See if you're plus or minus in the right range.
Speaker: Again, we've seen some appreciation in a couple areas. So you might actually see like, hey, that was a really good deal a year ago. I should have gone for it. So we're working on a couple of cool charts and stuff to try to have people maybe quote unquote time the market better.
Speaker: But sold data is one of our first ones that we're launching. Kudos to you, Joey. I know it's been a, we have a lot of features coming out soon. Yeah, next is going to be um save search, like save your search for later so you don't have to keep filling out the filters and also email alerts for those save searches.
Speaker: Coming in hot. All right, Jerry. Saratoga, California. Last podcast for a little bit. It's been a good run. i'm now I'm now the one going on the travels. All right. you on the flip side.
