Comments on: Kunming Residents Believe In Brother Chun To Save Homes

By: Me

Me — Mon, 19 Sep 2011 01:40:55 +0000

it’s such a pity to be a next-to-nothing individual in a huge arbitrary empire.

By: yournametobynow

yournametobynow — Thu, 24 Dec 2009 19:22:15 +0000

i think it depends on where you live.. i have a friend who sells real estate in zhengzhou (admittedly not a top-tier city) and she says most people do not use mortgages to buy apartments from her. also they usually buy the apartments before the buildings even go up. some of them do it as investment, some as homes, some to buy houses for their sons to eventually live in. they might borrow money from family members to do it but they don’t borrow from banks.

but with real estate prices in the bigger cities probably you’d have to borrow money to buy anything. one thing i really don’t understand is that the prices for apartments my friend tells me are way more expensive than they should be, considering what it costs to rent the same apartment. in the long run, even, it seems way cheaper to just rent. which is the opposite of the situation in the USA.

By: too yellow

too yellow — Wed, 23 Dec 2009 18:55:13 +0000

on the other hand, my other grandma (from mother side) just hopes the place she lives in get teared down. Since her place is 90 sq. meters, and pay out would be enough to buy another place. Since the place she lives one has no elevators, and she lives on 5th floor. And the new place would have better old people access.

By: too yellow

too yellow — Wed, 23 Dec 2009 18:50:27 +0000

@yournametobynow
not anymore, most people buy houses with morgage now our days. only corrupted official and capitalist pigs could buy a house in cash now. As for these people, two scenarios:
1. They are not satisfied with the pay out for their home. i.e. if their home is only 20 sq. meters, their will be paid only for the 20sq. meters. Which could not buy another house in the area for the simple fact there isn’t a 20 sq. meter house now our days.

2. They missed the boat in housing reform in the 90′s and in fact does not own the house. My late grandma belong to that category. at the time, the house is available to her for 20,000 yuan about 1/20 on market price, but rent on the house is 30 yuan a month. She figures it’s cheaper to pay the rent. But ten years later, the house is coming down, she has to live with my dad.

By: beowulf

beowulf — Tue, 22 Dec 2009 12:44:48 +0000

It´s a small country in the heart of europe. Mozart, Freud, Hitler and Schwarzenegger are from there.