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Topic: How do you think about the housing price in China? - page 4. (Read 2986 times)

hero member
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Merit: 722
Do jobs in these "first-tier" cities pay more money?

America has a similar situation in Los Angeles, New York, etc

Rent in LA is 10x the national average, but they get paid a lot more too (or they wouldn't be able to afford living there)
legendary
Activity: 1193
Merit: 1001
Chinese translator
The hosing price in first-tier cities like ShenZhen, BeiJing, ShangHai have risen to a unfordable high position for average Chinese people, for the average Chinese graduate, they earn 12,000 USD(2016) annually while in ShenZhen it costs almost 1 million to buy a average 100M^2 house(30% down payment).

It's difficult for young Chinese people to buy a living room in such first tier cities but most young people would rather choose the first-tier cities while the small cities has a lower price.

Share you view about the price in China and the one in your country.
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