Buying a home in China has never been so difficult. For myself it is not a very big deal because I told myself a very long time ago that the housing prices are not worth what you get for the "way overpriced" places for sale.
Even at 3-5000 rmb per sq meter these apartments are not worth to buy because of so many reasons.
today, in BJ, the average is about 20,000 per sq meter. and if you are single you can get a smaller place but most people here will be married and have a child eventually so they require a place about 100 sq m. That's 2 million rmb.
I don't know about you guys and what you make but from my information most people earn about 3-5000 rmb a month here. some less, some more.
Do the math. First how long would it take you to save the 400,000 rmb required from the bank before get a loan for the other 1.6 million?
then you have a mortgage for the next xx amount of years.
do the math. anyone with a low salary would not be able to find the time in their lives to pay it back.
how could they?
buildings here dont last very long. maybe 20-30 years? tops right?
right! and then on top of that there is some rule that maybe the house wont belong to your family after you die.
so why are you all struggling so much to buy something?
you are just working for an APARTMENT that will not be yours in the end and will be torn down eventually.
do you think it is really stable to buy somethign that is equal to LEGOS?
bulidings snapped together by large kids playing games with peoples lives.
Those real estate developers, real estate agents.....wo cao.
everytime i walk past a real estate agent office(many) i speak thief under my voice.
the gap between rich and poor in China is becoming more and more evident and is growing.
I am sorry to say this but this type of thing makes my stomach turn blue when i think of long term plans here.
for me its not so bad because i can easily afford renting a place here but all my chinese friends who were not lucky enough to get something from their parents are screwed.
some of my chinese friends have to put out 80% of their salary each month for a small place and in the end. theywill not own it in the long run.
we all know who formulated this plan and i find it to be very very risky and quite pathetic. because I believe most, if not all, Chinese people believe that they should marry and have a kid. and they also believe that without a house a family has no stability. That is true. and its not a bad thing to do those things.
but the pressure on people to buy because of that is enough to make anyone drink AJAX.
Now I can see why people do what they do here. Always trying to make an extra mao here and there. and probably doing many things making it under the table so nobody knows about it.
And yet another thing...
I could be wrong about this but i think its correct. That females tend to put all the pressure on their men to come up with a plan to earn this type of money. some do not but some do. and to those who expect your man to earn this type of money i need to say...
shame on you. how dare you put that type of pressure on someone and expect him to do that. you know very well that most people in this world could not ever buy an APARTMENT here. its just unfair to expect a man to earn that kind of money.
i have heard some many girls/women talk about "I dont want to work, I want to stay home." Well thats fine! Stay home but if you expect him to earn that kind of money, and you keep your ass in front of your QQ or tv while he kills himself in the office then you are nothing more than a lazy ass golddigger.