According to the newspaper, whole housing loan in Japan boosted to 220 trillion yen in June this year and the price of the houses remains low or decreased.

The whole amount of the housing loans in the US reached 12 trillion dollars this June but the price of the houses is going up and the share of the used house in housing market is 80% . If they can’t　pay back the loan, they can sell the property and it is Ok for them.

On the contrary, the share of the used house in housing market is only 15 % in Japan. Even if Japanese people are unable to pay back money to the loan company, they can not sell their houses or even if they did, they get little money sell only it in not much money. The loan would remain in their family or sometimes the family would go into bankruptcy.

I am afraid of that.