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I guess most of you have never purchased housing in any of the major cities in China. $180,000 is over RMB 1mm, which is way above what an average Chinese whit

I guess most of you have never purchased housing in any of the major cities in China. $180,000 is over RMB 1mm, which is way above what an average Chinese white collar can earn in a year. And an apartment can cost much more than $500,000, with a 30%~60% down payment. People do afford the apartments, with life's saving from parents. I am not saying it's a good thing, but it is possible that people afford housing even with a ridiculous price.

yladiz 9y ago
The way housing and society works is significantly different in the USA and China. It's not really fair to compare the two. I don't know anyone in USA that has used their parent's life savings to purchase a house, because that kind of way of doing things isn't nearly as common there compared to China.