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So, your landlord is waiting for the market to crash rather than find someone to buy the place and still walk away with a possibly decent profit? Or did he purc
by vishaldpatel 15y ago
So, your landlord is waiting for the market to crash rather than find someone to buy the place and still walk away with a possibly decent profit? Or did he purchase the home at an inflated price to begin with?
- Maarten_pi 15y agoIt's been hard in China. The realestate prices are heavily inflated and nobody wants to buy at the moment. Prices are already dropping. Selling is really hard. When you bought a property in the last few years, selling it now means taking a loss.
- seanmcdirmid 15y agoIt's not just that. The real estate companies collude to keep prices high, and won't let landlords consider lowering their prices (they won't market the house, and you can't really market it yourself for some reason). A lot of craziness in this sector, something has to give.
- hessenwolf 15y agoScary stuff. Where are you based? How is life in China comparing to the Republic?