Quote:
Originally Posted by nekrom
Are property prices high for average people in capital cities? Sure, but that's the same as most western countries as well, it's all relative. Can't afford to buy city central? Move out into the suburbs.
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There is a difference between costs being high, and costs being impossible. Here in the US you can buy a nice condo in the city for $500k or $600k, which isn't too bad when you are making $60k to $100k a year. In China... They want $300k for these pads, but the average income is $6k a year. They want half down - $150k - and the balance due in three years. $150k down is twenty-five years of their average salary... That's impossible for the average person to buy, which is why all of these places are empty.