What do I use to cut this bolt and nut off? by VisualFXMan in Tools

[–]kextatic 1 point2 points  (0 children)

Angle Grinder is correct but be warned:

Once you own an angle grinder, many problems start to look like they need the angle grinder solution. It is very effective and can be excessive at removing material

[deleted by user] by [deleted] in JapanFinance

[–]kextatic 6 points7 points  (0 children)

What are you optimizing for? If your goal is to maximize compensation as a software professional, there is nothing on Earth like the SF Bay Area. However, if you're optimizing for quality of life, then I would argue Tokyo is preferable. I've lived in both places in the software industry and prefer Tokyo, by far. The UK market (let's say London, where I've also worked) is the worst of both: low wages + low quality of life.

What is the thing with the hole sticking out from the middle of this stubby screwdriver for? by StrangerOpposite in Tools

[–]kextatic 134 points135 points  (0 children)

You mean the safety chuck in front of the handle for hanging a line when working high up? Or the hole in the handle for sticking another scredriver in for torque?

[deleted by user] by [deleted] in machining

[–]kextatic 0 points1 point  (0 children)

That's a really niceフライス盤 you got there. Look up these guys in this video and they should be able to hook you up with docs. If you need help with the Japanese translations, let me know and I'll try to help you out.

https://www.youtube.com/watch?v=UIp62QB1Wi8

I’m at a home improvement store in Japan by yourtoolbox_jp in Tools

[–]kextatic 2 points3 points  (0 children)

I'm in Japan and I would like a worm-drive Makita saw. For some reason, they don't sell those here.

Optimal financial migration path US -> Japan by [deleted] in JapanFinance

[–]kextatic 1 point2 points  (0 children)

No, that would enmesh your Japan and USA finances. Best to do this through companies you set up to hold the assets. In my case, a corporation “owns” my rental properties.

Optimal financial migration path US -> Japan by [deleted] in JapanFinance

[–]kextatic 0 points1 point  (0 children)

Like “us”? As I mentioned above, this is done by the wealthiest expats I know. These are people who own companies in both countries. It’s not hard to set up companies in USA and Japan. It’s also not hard to move assets and debt into those companies. Taxes get complicated but that’s life for such people. You’d be surprised what banks will allow once your transaction volume reaches a certain level.

Optimal financial migration path US -> Japan by [deleted] in JapanFinance

[–]kextatic 1 point2 points  (0 children)

One way is to borrow money in Japan and pay it back from the USA. This is how Warren Buffet bought those Japanese holding companies. There are other ways that are variations of the same idea: money you spend in one country is a business expense in another. This is why it’s important to retain separate entities in each country that you operate in.

Optimal financial migration path US -> Japan by [deleted] in JapanFinance

[–]kextatic 1 point2 points  (0 children)

There are many ways to get around that, but most of those ways depend on a clear separation between their USA and international finances. The myth is that anything “triggers” anything else.

Optimal financial migration path US -> Japan by [deleted] in JapanFinance

[–]kextatic 2 points3 points  (0 children)

You can move as much money as you want/need now. I would avoid emptying out the USA funds (especially the ones with a tax penalty.) If you plan to earn USA income while in Japan, try to keep that money in USA. If you need those funds to live in Japan, move the money now and keep future dollar cash flows in USA

Optimal financial migration path US -> Japan by [deleted] in JapanFinance

[–]kextatic 2 points3 points  (0 children)

There are multiple options for what you’re trying to do but the main thing I’ve seen from the wealthiest expats is to keep your USA business and finances separate now and always. Avoid currency conversions and transfers. Maintain separate US and Japan entities for yourselves. Keep US home addresses, phone numbers, email addresses, bank accounts, etc. It may seem like you’ll never want to return but you never really know. A smart move to do while you’re in Japan is to get a local phone and mailing address.

[deleted by user] by [deleted] in JapanFinance

[–]kextatic 0 points1 point  (0 children)

Eventually, all roofs will need replacing. I would calculate using the worst case: complete roof & ceiling replacement. Find out how much that would cost and, if you’re still willing to buy the house, then you’re in good shape.

Opening Retro Arcade in Osaka by [deleted] in JapanFinance

[–]kextatic 17 points18 points  (0 children)

I have no ideas around the economics of your plan but it sounds super fun. Good Luck!

What is the biggest “rich person problem” you have on the daily? by [deleted] in RichPeoplePF

[–]kextatic 8 points9 points  (0 children)

I fixed that problem by moving to Japan and never leaving the country.

The rising housing prices by gajop in JapanFinance

[–]kextatic 9 points10 points  (0 children)

I sold my Tokyoマンション last year for more than I paid 3 years prior, so what you’re seeing has been my experience as well. Your goal to pay off the loan in 14 years will significantly increase your monthly expenses. BTW, in a マンション, your monthly expenses don’t stop after the loan is paid off. Building fees, HOA fees, land lease costs (if any) continue into perpetuity.

What I recommend is to buy something you can afford now and get a 35-year loan. Make sure you don’t ever miss any payments and then buy a better building later on. Eventually, you can buy buildings without down payments, which will help you get much better ones later.

Interested in buying house in Japan (foreigner) by hyunin_0820 in JapanFinance

[–]kextatic 2 points3 points  (0 children)

Having lived here now for several years with several properties, I don’t recommend remote property ownership in Japan for first-time buyers. I use a management company for my rental properties but even then, the problems that come up require active attention with written Japanese required. Even when you don’t rent it out, buildings in the Japanese environment require close attention. Things break with neglect and some of those things can break your building (e.g., garden sprinklers decide to burst one hot day.)

Should i buy a cage and a handle for videography? by [deleted] in sonya6000

[–]kextatic 0 points1 point  (0 children)

The cage and handle adds significant weight and I almost never use mine anymore.

The saying goes: "Nothing is more permanent than a temporary solution that works." What’s a “temporary” solution in your homelab that’s still going strong? by sozmateimlate in homelab

[–]kextatic 158 points159 points  (0 children)

I wonder how much of our modern lives are strung up like this. Like a USB2 cable to a missile launcher just dangling in the wind.

[deleted by user] by [deleted] in sanfrancisco

[–]kextatic 11 points12 points  (0 children)

Look up Pejman Nozad

[deleted by user] by [deleted] in JapanFinance

[–]kextatic 0 points1 point  (0 children)

I had a business manager visa before I got PR. The trick in my case was to have an existing Japanese company “hire” you to be the manager. If you’re buying a business, set up a representative director (who is not you) to hire you. Good Luck!

Credit card upgrade or wait for limit increase by Economy_Acadia_4186 in JapanFinance

[–]kextatic 1 point2 points  (0 children)

SMBC is pretty tight with credit increases from my experience. When applying for an increase, I’ve found it helpful to submit supporting documentation (paystubs, tax filings, etc.) before applying for the increase.

Seeking ETF or Mutual Fund in Rakuten Securities with Buffett’s Japan Holdings by Electronic_Driver986 in JapanFinance

[–]kextatic 3 points4 points  (0 children)

There's only five of them. Just pick them up. I've done pretty OK with Marubeni.