This One is a Prime Number
This 2-storey house takes up about 2 bike lengths x 1 bike length of a dirt patch. A talented realtor might be able to sell it as a "cozy, no-frills pied-a-terre" IF this was a duplex apartment in Manhattan, where a utility closet in the basement of a co-op can cost $50,000. But it's not. By Shanghainese standards, this place is a dump. However, it sits on an intersection just a few blocks from Jin An Temple, the city's Columbus Circle in terms of the expensive glass-and-steel retail and office space available. Rumor has it, the owner of this humble abode was offered 4 million yuan for his little piece of heaven. He said no. That's a lot of cash for a country whose top college graduates earn an average starting salary ofjust 72,000 rmb/year.
I want to know what is blocking the deal. Is the owner holding out for more? Does he have a body buried under the floorboards (assuming there are floorboards)?
currency converter
4 million yuan ~ USD500,000
72,000 rmb ~ USD9000
cited sources
> I got the offer price from a real estate agent that probably had absolutely nothing to do with the property.
> The average starting salary is based on conversations I had with a few cab drivers and 1 postal worker.
5 comments:
see few of my classmates making $9000 in their first or second year after graduation.
do your friends make less or more? where do they live and what do they do?
i'd suspect the reason is much simpler...just a desire to live out one's days in the only home they know.
less.they work for state/city govt departments, SOEs and TNCs, well over half in Beijing and Shanghai.3-4 thounsand after tax monthly salary is what they get.
Why would he sell out his Summer House?
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