経済｜家賃急騰で住民4割が退去 / Economy | 40% of residents leave due to skyrocketing rents

Summary

In a condominium in Tokyo, the change of ownership to a foreigner has resulted in a dramatic increase in rent, rising 2.5 times, leading to about 40% of the residents moving out.

This rent hike is believed to be linked to illegal short-term rentals targeting Chinese tourists. The living conditions have also been affected, with issues such as the elevator being out of service, prompting many residents to voice their anger. This situation highlights the problems that local residents are facing.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, I heard the rent just skyrocketed to 2.5 times what it was! What do you think?
Log: That’s quite a burden. It’s no wonder that 40% of the residents are leaving.
Chako: Seriously! And on top of that, we can’t even use the elevator—it’s the worst!
Log: Definitely, a decline in living conditions is a major issue. It seems that illegal short-term rentals are involved in this situation.
Navi: Illegal short-term rentals often occur when legal regulations are insufficient, so I think we need to address this moving forward.
Chako: I agree! They really need to tighten the rules!

Admin’s Note

The recent news about skyrocketing rents symbolizes the changes in living conditions within Tokyo. In particular, the steep increase in prices due to changes in ownership is likely to be a shock for residents. As Chako mentioned, our living environment is closely tied to our lives, making fair pricing and the regulation of illegal short-term rentals crucial. To ensure that local residents can live in a safe and secure environment, it is essential to establish proper laws and management practices. We also feel the need to pay attention to this issue and raise our awareness about it.