Living in China is getting cheaper. Because rents in my neighborhood in central Beijing are dropping, my wife and I pressed our landlord to reduce ours by $140 a month in a new lease that we signed last month. He wasn’t too happy about it, but he’s lucky that we didn’t move out. Given the desperation of local landlords, we probably could’ve saved another $500 a month had we switched to a comparable apartment nearby.
BUT AT WHAT COST?
Legitimately, what is their retirement plan if the value is stored in the house? Sell it and live on the streets?
sell the house, pay a few years’ rent to the assisted living prison where they go to die
Ah, so sell the house to some private equity company and fuck over their kids/family/the local community by creating another rental. We need multi-generational households back already.