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A sample point: 5 million RMB is worth of an 80m² apartment in Shanghai, but many ordinary Chinese need to pay a 10~30 yr mortgage. Average salaries are not tha
by limoce 5y ago
A sample point: 5 million RMB is worth of an 80m² apartment in Shanghai, but many ordinary Chinese need to pay a 10~30 yr mortgage. Average salaries are not that high in China.
- seanmcdirmid 5y agoReal estate is crazier in China than in the USA when you compare housing costs to local salaries, or even when you compare Chinese housing costs to American salaries. I relocated from Beijing back to Seattle so I could buy a house.