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Good luck with the yokai

I wonder if there are soot sprites in the attic. Is there a giant camphor tree nearby?

I'd have to be near retirement age while still nimble enough to renovate it and hope my pension and savings would be enough to cover the costs.

Even then, it would be difficult to navigate renovations in that environment where you don't speak the language, have no idea how their houses are supposed to be built, waste disposal and the myriad of other issues that will surely arise.

Getting a job is going to be a bitch - thus the retirement age requirement.
Getting citizenship is going to be an even bigger a bitch.
I'd be an outcast cause of my skin color and inability to communicate.

Because buying and not using land is morally wrong.

Will I meet the Totoro?

Because these houses are located in remote, rural areas. They have been abandoned because people are moving closer to the cities or the owners are old/dying and they can't continue maintaining them. The money you save from the initial purchase will all come out of the expenses to renovate and maintain the house because a lot of them are run-down.

Of course if you're the type who wants to live in the middle of nowhere, and you have the money and skills to renovate, this can be for you.

I wish I had that kind of money.

IIRC Japan's more or less the hardest country out there to immigrate to.