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Comment by patio11

c.f. this discussion of the same phenomenon on HN from 6 years ago

https://news.ycombinator.com/item?id=551794

In particular, if you want to understand why someone would opt for paying more daily rather than less monthly, the big non-obvious factors are a) landlords have a very particular set of requirements regarding social status to be allowed to rent in a building (gradually loosening) and b) a few institutions like key-money balloon the upfront payment required to move into an apartment.

https://news.ycombinator.com/item?id=552175

When we moved to Tokyo, my wire to the new apartment's management company (introduction fee, key money, deposit, first month's rent, insurance, guarantor fee) was, well, call it 50% of a young salaryman's take home pay for a year.

parent patio11 11 years ago

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