Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments.
  • GrandmasterFrank@lemmy.blahaj.zone
    13·
    1 year ago

    I’ve heard about stuff like this before, Chinese companies basically building apartments/condos that are never 100%/suitable to be lived in, because they know that all their buyers are just people making investments to park their money

  • key@lemmy.keychat.org
    11·
    1 year ago

    Edible housing might sound good on paper but when two hungry German siblings show up you’ll quickly start regretting it.

  • Sam Vimes@beehaw.org
    6·
    1 year ago

    This person bought 15 mostly 2-3 bedroom apartments for an average of $2000 each, one cost roughly $150 before taxes and fees.

    That’s bonkers.