China's young feeling the squeeze of cost of living are finding homes in older cities

Wed, 22 May 2024 19:41:55 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.abc.net.au/news/2024-04-27/china-young-finding-homes-ageing-cities-cost-living-unemployment/103767786>

'When Ding Xuan spotted an opportunity to snap up a two-bedroom flat for less
than her previous year's rent, she bought it over the phone as quickly as
possible.

But the moment she hung up, she couldn't remember where exactly it was, despite
having inspected it with three other potential places in one busy trip.

"It only came to me later that I should go and have a look again at the place
before actually moving there," she said of her new home in Linghai, in China's
north.

Before the move 440 kilometres north-east from her rental in Beijing, Ms Ding
had been paying $9,000 a year for a room in a shared flat.

Ms Ding is a social media producer, and like many in China, her employer hasn't
been doing well since COVID.

When her hours were reduced, she decided to move to somewhere cheaper.

She found the right place online.

"It was less than 30,000 yuan ($6,400) for an apartment — cheaper than renting
for one year in Beijing," she told the ABC.'

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

Comment via email

Home E-Mail Sponsors Index Search About Us