Thatched roofed houses in a traditional village, Kyoto Prefecture, Miyama, Japan on August 9, 2018 in Miyama, Japan.
Thatched roofed houses in a traditional village, Kyoto Prefecture, Miyama, Japan on August 9, 2018 in Miyama, Japan.
  • Japan has a glut of abandoned homes in rural areas and small towns. 
  • Government officials are auctioning them off for as little as $500. 
  • Americans are getting in on the deal. 

With home prices and rents increasingly unaffordable in the US, some Americans are looking for their dream homes abroad. In Japan, a growing portion of the country's housing stock is unoccupied and increasingly attracting American buyers.