Invest in China Real Estate, You Said. A Billion Chinermen You said...

[wiffleball 4,631]

Holy Balls! - Could you send some of those to Denver - and Fishtown?

--------------------------------------

Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said

---------------------------------------------

 

https://www.bloomberg.com/news/articles/2018-11-08/a-fifth-of-china-s-homes-are-empty-that-s-50-million-apartments

[Filthy Fernadez 2,696]

The suspense tying this to Trump is terrible. I hope it lasts..........

[titans&bucs&bearsohmy! 2,745]

It's quite a problem here. See in chinese culture, you cannot get married without buying a house first. Even an ugly poor chick will give you the Heisman.

 

But in the hottest cities like Shanghai and Shenzhen, even a tiny apartment is simply unaffordable. I know people who move away simply for that reason.

[Hardcore troubadour 12,596]

It's quite a problem here. See in chinese culture, you cannot get married without buying a house first. Even an ugly poor chick will give you the Heisman.

 

But in the hottest cities like Shanghai and Shenzhen, even a tiny apartment is simply unaffordable. I know people who move away simply for that reason.

What price is unaffordable, in US currency? Do they have property taxes?

[NorthernVike 2,080]

What will happen within china when jinping is proven a fraud? Simple transfer of power or civil war?

[Voltaire 4,555]

What price is unaffordable, in US currency? Do they have property taxes?

No property taxes but you don't own the apartment forever, you essentially lease it for 80 years. Then, after 80 years, they'll figure out what to do. Maybe go to a property tax thing, maybe take it away from you with or without compensation. Dunno.

[vuduchile 1,940]

No property taxes but you don't own the apartment forever, you essentially lease it for 80 years. Then, after 80 years, they'll figure out what to do. Maybe go to a property tax thing, maybe take it away from you with or without compensation. Dunno.

A bargain at any price.

[titans&bucs&bearsohmy! 2,745]

What will happen within china when jinping is proven a fraud? Simple transfer of power or civil war?

Civil War will never ever happen here. These people are trained from the cradle to obey.

 

They also have it better than they have in centuries, if not ever.

 

The Romans said "panem et circenses" or "bread and circuses." The people here are fed and entertained.

 

It is also hard for westerners to understand, but people here don't VALUE freedom. They value order and harmony.

[Big Guy 1,400]

China Real Estate ~ "California Land Opportunities" Opening Soon!