© Shimizu Ken
In most countries around the world, value is placed on older buildings. There’s something about the history, originality, and charm of an older home that causes their value to sometimes be higher than newly constructed projects. But in Japan, the opposite is almost always the preference. Newly-built homes are the crux of a housing market where homes are almost never sold and the obsession with razing and rebuilding is as much a cultural thing as it is a safety concern, bringing 30-year-old homes to a valueless market.