This video shows a full renovation, but if you’re only replacing a broken component then you’re looking at less work https://youtu.be/8E5lH_qppWg
I think generally the point of these is that you’re a lot less affected by skill level of those installing everything, so even really shitty apartments have good infrastructure. Million dollar homes in the US have worse plumbing than stuff I had in starter apartments in Tokyo (not universal but!).
And the boxing up means that your “wet area” is limited (Japan is generally very humid so mold is a constant worry). But I’m not an expert, and everything I’m saying might be totally off base.
Under this definition of housing US housing isn't speculative either. It's only the land that goes up in value. It's just that earthquakes and tsunamis aren't as frequent and powerful here and the zoning laws are more arcane here. (as well as some other reasons related to the speed of development of these countries). Japan is one of the least afordable places to live in the world. That is in large part the reason why the population is declining. But nobody is speculating on US bathrooms.
>But nobody is speculating on US bathrooms.
I've got two words for you, man: rainhead shower. (Or "in-floor heating" for the Northeast. ...I guess that's 3 words.)