Hi all,
I (30 M) moved to Japan four months ago with my Japanese girlfriend (29) and we’re planning on buying a house in a small town near where her parents live in Ibaraki. We’re currently living in Tokyo. I’m currently here on a Work Holiday Visa but we are planning to get married sometime in the next two years.
Prior to moving here, I was making about 15 million yen per year, although I only have about 6 million yen saved due to some debt I had to take care of.
My girlfriend is self-employed (Youtube) and will make about 8-9 million yen this year. This income income is Japanese and she pays taxes in Japan. She has been making around this much for the last 3 years. She also has about 6 million yen saved.
I started a sole proprietorship online business before I left Japan which is based in Canada and I estimate it’s going to take me a few more months (or longer) until I can get things off of the ground and start making money.
The house we are hoping to buy is 27 million yen and it just seems so perfect. We are going to view it in a few days, but before we get too excited, I am hoping to get a reality check if this is even possible based on my situation.
I don’t want to lose this house but if I need to have a stable income before we are able to buy a house, then that’s that and we can wait until my situation in more stable.
I’ve read many different mortgage threads here on Reddit but I haven’t seen anything about this particular situation.
Any advice would be much appreciated 🙂
Edit: added more information about how my girlfriend’s income is from Japan and she pays taxes on it in Japan and it has been consistent for the last 3 years.
by dannythethechampion