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And now we're outside Tokyo. This part of Yokosuka city is a microcosm of the Japanese housing market and the problems it's facing a bond one in every five homes here is empty and unused . As a result of Japan's rapidly aging population young people have moved on searching for a better life in the big city Yokosuka city decided to fight back launching an initiative to offer vacant homes a new life by buying a gun. Since we started in April we have managed to arrange for rentals and one sale although the actual number of deals is quite small. The interest in the program is massive. We're going to expand the initiative and hopefully make progress. It's easier said than done in Japan where only 15 percent of home sales occur on the secondary market. That's partly because of tax regulations . The value of a wooden home depreciates to nothing after 22 years . While concrete buildings lose all their value after 47 homes aren't built to last because there's almost no resale value. I showed you what do you know the issue of abandoned houses cannot be solved without appropriate tax reform. A key plank of Prime Minister Shinzo Abe's recovery plan was to revive the housing market and encourage new building. It's a plan that many say ignores the realities of Japan's demographics every year since 20 0 8 more than half a million homes have been left empty or abandoned. And while many of them aren't in the best shape of these they're available for use and more importantly for some affordable it's only 10000 yen a month. I didn't wanted this to my parents and I wanted to live somewhere I can afford to my part time job . Short days of wear bright note in this tale. But he will take more than a few students to give Japan's secondary properties the boost they so desperately need. Shery Ahn Bloomberg .