He Bought a House and a Minivan in the Same Year. Now He Can't Pay for His Son's Cram School.

A Japanese dad took out a 35-year mortgage and a balloon loan on a luxury minivan in the same year. Three years later, rates are rising, his bonus is cut in half, and he can't afford cram school for his son. So he asks an online forum for help. ⚠️ A dramatized story inspired by stories shared on Japanese online forums. Characters and details are fictionalized. ⚠️ Not financial advice. For entertainment purposes only. Currency conversions are approximate (¥150 = $1). 0:00 A house and a minivan 0:15 The thread 0:46 The numbers 1:32 How it happened 2:49 Japan explained: "zankure" car loans 3:38 Then it got worse 4:37 Japan explained: rates, bonuses & cram school 5:23 The advice 6:51 The talk 7:32 One year later Which would you give up first, the house or the car? Let us know in the comments.