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Are you kidding? Guess why most those recently emerged Chinese high tech companies (DeepSeek, Game Science, Unitree etc) are all located in Hangzhou? Because p
by tw1984 2y ago
Are you kidding?
Guess why most those recently emerged Chinese high tech companies (DeepSeek, Game Science, Unitree etc) are all located in Hangzhou? Because property prices are insane in tier-1 Chinese cities like Shanghai which is just 200km away from Hangzhou. You know it is a huge ponzi scheme when even those well paid high tech engineers couldn't afford a modest apartment in those major cities.
$3m USD buys you a 3 bedroom apartment in Shanghai next to a noisy main road, you have unlimited free supply of all types of pollutions. PM2.5 pollution was about 100 yesterday, any self respecting medical professional would suggest you to wear a mask when going outdoors in such environment well known for causing lung cancer. By moving to Hangzhou, you ONLY need to pay $1.5-$2m for the same shit.
Oh, btw, prices above are after the 30% drop. Just imagine how stupid it was before the crash. Of course you can jump up and lecture me how affordable it is to just spend like $1m to secure a nice family apartment of 40square meters built 60 years ago with disgusting everything inside of it.
- tokioyoyo 2y agoI’m not sure there’s any point in arguing, because everyone’s priorities are subjective. Public safety, convenience, unlimited amount of options for basically anything are stuff that people pay premiums for. I still consider Tokyo superior to T1 Chinese cities, but Shanghai is really not that far behind.
- tw1984 2y ago> Public safety, convenience, unlimited amount of options for basically anything are stuff that people pay premiums for. by paying 100 years of local average salary for a modest apartment in a not that desirable location? that is not "pay premiums", that is modem slavery. stop spreading your misinformation, life in China is like the Nightmare mode of DOOM2.
- tokioyoyo 2y agoDo you live in China or Asia? Again we’re talking about top talent.
- tw1984 2y agodude, being able to order takeaway junk food 24/7 to your significantly over priced high rise apartment completed 3 years ago with a designed life span of 30 years is not quality of life.
- tokioyoyo 2y agoDo you think everyone in China lives in 50 floor apartment buildings, and they don’t have ever-growing suburbia problem? I’m just gonna assume you don’t live in east Asia.
- Fricken 2y agoBeyond basic survival quality of life is 90% about the integrity of our human relationships and 10% other stuff.
- the_af 2y ago> stop spreading your misinformation, life in China is like the Nightmare mode of DOOM2. You're deluded. Hyperbole doesn't help either. When you resort to lying or exaggeration, it shows China must be starting to get even, if not ahead in the race.
- maxglute 2y agoTIL hangzhou/new tier1 is a "modest" city. It's a sick world class city. Yeah, PRC RE in T1/2 cities stupid expensive, but highly compensated PRC talent always have option to rent for dirt cheap in T1 and buy something nice in T2/T3 city with a few years wage. Many highly paid Hangzhou tech workers renting in nice districts while buying equally nice in less expensive cities close by, i.e. renting nice condos in Binjiang for $2000 USD and buying 150sqm apartments for 400k USD in Yanghzou on single salary. Let's be real shitty T2 and nice T3 cities that puts most north American cities to shame, factor in cost of living relative to wage and it's much better QoL than most tier1 north American cities if you prefer urban life. Living really well in PRC on high end tech salary (i.e."AI leaders") is babymode if you're not a retard insisting on living in tapped out T1. Granted tech wage cucks in some western cities get to live in large houses which isn't available in PRC, which has it's appeal.
- tokioyoyo 2y agoI honestly think many Americans have not updated their perceptions of T1/T2 Chinese cities since like 2005.
- maxglute 2y agoFeels like too many mid westerners expat from 2000s-2010s who never got taste of premium expat life don't realize how a well compensated PRC employee can live real fancy, more so since they're not trapped in expat bubble.
- tokioyoyo 2y agoI don’t even think most of the commentators are even expats. It’s just a lot of people are hell-bent on the idea that outside of the US everything else is crumbling, is on fire, and will blow up the next month. When I was bumming around US, I kept telling people how my best time in NA was living in a 800sq ft. apartment, in the best neighbourhood in the continent (also subjective), and I never upsized because it was subjectively the best choice for my lifestyle. Most of the responses were something like “you made yourself to believe in that”. Or “if you moved lived in X state you would have a better life”. But those were just not true for me, and will never will be. And from my personal circles, the same applies. People are just having a hard time to understand that if you make decent income, the life for some people is just better in other countries than US.
- DiogenesKynikos 2y agoYour comment reminds me of the Yogi Berra quote, "Nobody goes there anymore, it's too crowded." Prices are high in Shanghai because everyone wants to live there.