Cheap 'like cabbage' apartments in some Chinese cities draw buyers, and caution (www.reuters.com)

submitted 2 years ago by withersailor@aussie.zone to c/news@beehaw.org

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[-] sergio 14 points 2 years ago

I've heard about stuff like this before, Chinese companies basically building apartments/condos that are never 100%/suitable to be lived in, because they know that all their buyers are just people making investments to park their money

[-] key@lemmy.keychat.org 7 points 2 years ago

Edible housing might sound good on paper but when two hungry German siblings show up you'll quickly start regretting it.

[-] SamVimes@beehaw.org 6 points 2 years ago

This person bought 15 mostly 2-3 bedroom apartments for an average of $2000 each, one cost roughly $150 before taxes and fees.

That's bonkers.

this post was submitted on 16 Jun 2023

15 points (100.0% liked)

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