If you own property in Japan, it does not automatically grant you residency status. To live in Japan as a property owner, you must apply for a visa or residency status, such as the Investor/Business Manager Visa or the Cultural Activities Visa. Owning property in Japan can be an investment opportunity that provides long-term financial stability and a sense of connection to the country's culture. However, there may be challenges such as high prices and restrictions on foreign ownership of certain properties. It is important to consult with professionals and research thoroughly before making any decisions about owning property in Japan.