How do you think about the housing price in China?

[Wei H]

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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[Moloch]

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)

[HabBear]

Entry level salaries for professions (not service jobs, but jobs that require degree) should be enough to just afford living in the city. If not, entry level employees won't live in these cities and work in these companies, which will inevitably cause the companies to raise their salaries to get the people they need.

Everyone in the country should not automatically be able to afford to live in any city in the country.

And if wages for service jobs are too low, the people that work those jobs should move to towns that do pay a livable wage. The result is that the wage in the expensive cities will go up.

That's how capitalism works. If there's supply (of workers in this example) to meet the demand (for workers) the pay won't change...it'll only change when supply is less than demand.

[popcorn1]

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.

Welcome to globalised capitalism ..The rich get richer and the poor get poorer .
Then one day the whole bubble burst ..And then no one got anything if all your holdings are in cash..

Universal income for all  will make this planet good..IT'S THE ONLY WAY TO GO..

[tvbcof]

I see China as the prototype for how the rest of the world is to work under global corporate government.  The CCP is endowed with the type of political control which makes such 'research and development' efficient.

While not especially easy to own a home, it is still possible for some in the major urban areas of China it seems.  When I was in Beijing it was the case that parents did everything in their power to get their male child a home so that he could attract a wife.  Resentment and demoralization among those who found it impossible was palpable.  The end-goal of TPTB here is back to having no ownership like back in the communist days, but this time corporations own everything and the peeps rent everything from said.  Currently we are in a phase where things go so bad that the people beg for a savior (which will, magically, just happen to come in just the form desired by corp/gov.)  Here in the U.S. the soft-points are in income and health-care though housing is also becoming increasingly impossible for most to achieve as well.

If I were an independent minded Chinese I would look to Africa for a wife, some property, and more than anything a way to get out from under the thumb of the CPP (and their sponsors) never to return.  No matter how things turn out it's probably a better play than sticking around in China (for the type of person I mention...most are probably better off with whatever their leadership arranges for them.  Probably 'bullet stopper' in a lot of cases.)

[Sithara007]

The prices which you are quoting doesn't make any sense. Really it costs $1 million for a single apartment in Shenzhen? Even in ultra-expensive cities such as Hong Kong and Tokyo, it is possible to find more affordable housing.

[Mometaskers]

It's also starting to get expensive in my country. Prices near the city center are rising and there are condominium being build everywhere, especially near train stations. I don't believe people should be contented with such apartment units. Even if you "own" the unit you are not really free to do whatever you want with it. Not to mention you don't own the land it is standing on. Maybe I'm just traditional but I feel a typical house and lot.

[truimpheriues]

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.

chinese graduate can get earn 12,000 dollar every month or every year
I think is very high price is house only 100M^2 until reach one million dollar, amazing price
maybe if iam domicile and china can't buy house with price one million dollar

but i think is house high price in china only beijing shanghai and hongkong

[olubams]

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.

All over the world in all the countries there are cities where the cost of living is so high compared to other cities. One cannot compare the cost of houses in Newyork to that of New Mexico they are just too different but that does not justify the fact that its not affordable to average earners in the country but the solution to that is Government to make policy that will make companies establish in those rural areas where people can work rather than concentrating in already densely populated areas of the country...

[bitmakerBR]

In many countries, young people and not only they can not afford to buy housing freely. It takes years to plow and save, then to have the pleasure of waking up and falling asleep in your house. Well, or you need to come up with the idea of a stable passive income and without any problems buying any housing in any country.

[Xester]

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.

That is not so shocking since it is happening all over the world and not only in China. Here in the Philippines though I am living in the rural my monthly salary is just 12k PHp while the cost of 1 house and lot in a subdivision is 1 million Php, compared to China's city the price of houses in the Philippines and the salary of professionals were much worst compared to China but we can still buy a house and a lot. In the end there are other ways to find other means to get money to pay for the house than just to rely on their salary.

[bryant.coleman]

I don't think that this is going to last for a quite long time. Incidentally, this reminds me of the property bubble in Japan, which occurred during the 1980s. From 1984 to 1987, the commercial real estate prices rose by as much as 900% in Tokyo. The rise in some other cities, such as Osaka and Yokohama was even more. The prices crashed in 1989-90, and a lot of investors lost their money. The same is going to happen with Shenzhen as well.

[rajasumi3]

I guess the price of the commodities , house rent depends on the per person income .well lets say u stay in kolkata, the rent is cheap, cost of living index is low .
On the other hand if u live in delhi (capital), the rateis quite high ,both being a metropoliton city . Delhi people gets more pay than kolkata .

[mastermold]

I admit that the house price that is increasing and abnormal has shocked me for a long time since many years ago.

I’m sure that it’s a bubble though I can’t figure out the true reasons. What I can guess is that the higher the price is, the more people who decide to buy houses.

As a old Chinese saying goes:“Running after Rising and Falling.” It showed that compared to something whose price is falling, we are more willing to buy the same thing whose price is increasing.

Sincerely, I dislike the horrible house price.

[Mometaskers]

I admit that the house price that is increasing and abnormal has shocked me for a long time since many years ago.

I’m sure that it’s a bubble though I can’t figure out the true reasons. What I can guess is that the higher the price is, the more people who decide to buy houses.

As a old Chinese saying goes:“Running after Rising and Falling.” It showed that compared to something whose price is falling, we are more willing to buy the same thing whose price is increasing.

Sincerely, I dislike the horrible house price.

What about the housing on the "ghost cities"? Are they unoccupied because of high prices or was it because the government is still trying to get the residents to move in? Or was it because people refuse to move because they want it first to be fully fixed and functional when they move in, thus starting a cycle where everyone puts off moving? I saw a video on Youtube about it a few days ago.  https://youtu.be/ebluXrYElI8

Now that I've thought about it, are those apartments considered public housing where you rent to own it from the government or are these like mostly privately owned by real estate companies?

[Lacander]

I admit that the house price that is increasing and abnormal has shocked me for a long time since many years ago.

I’m sure that it’s a bubble though I can’t figure out the true reasons. What I can guess is that the higher the price is, the more people who decide to buy houses.

As a old Chinese saying goes:“Running after Rising and Falling.” It showed that compared to something whose price is falling, we are more willing to buy the same thing whose price is increasing.

Sincerely, I dislike the horrible house price.

What about the housing on the "ghost cities"? Are they unoccupied because of high prices or was it because the government is still trying to get the residents to move in? Or was it because people refuse to move because they want it first to be fully fixed and functional when they move in, thus starting a cycle where everyone puts off moving? I saw a video on Youtube about it a few days ago.  https://youtu.be/ebluXrYElI8

Now that I've thought about it, are those apartments considered public housing where you rent to own it from the government or are these like mostly privately owned by real estate companies?

I do not fully know the information on real estate prices in the Middle Kingdom, but the fact is that in general, life for visitors is very popular in China and is considered very cheap. Even rental housing is fairly affordable.

[Sithara007]

I admit that the house price that is increasing and abnormal has shocked me for a long time since many years ago.

I’m sure that it’s a bubble though I can’t figure out the true reasons. What I can guess is that the higher the price is, the more people who decide to buy houses.

As a old Chinese saying goes:“Running after Rising and Falling.” It showed that compared to something whose price is falling, we are more willing to buy the same thing whose price is increasing.

Sincerely, I dislike the horrible house price.

Perhaps one of the reasons is that nowadays a lot of people are considering residential real estate as a good and reliable investment asset, which gives high returns in the short term. If people are aware of the other low-risk assets such as equities and treasury bonds, this sort of mad rush can be avoided.

[RJX]

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

My view on the price of housing in China is that it is overpriced and if China isn't able to provide affordable housing to it's citizens then they will be drawn to other corners of the world. Especially those that have acquired certain skills.

[J Gambler]

The price of housing in china is cheap too because it mades of marterials that made in china lmao if you had work you can easily get house there it like installment easily house there are affordable

[Fireblazer]

The price of housing in china is cheap too because it mades of marterials that made in china lmao if you had work you can easily get house there it like installment easily house there are affordable

This is when it comes to modern homes, then their price is really big. Perhaps the situation with the apartments is a bit different, but if traditional building materials are used, then I think there is wood and plywood in China and it is not expensive.