@OzexpatinAsia@jacksonhinkle Yes, since most family can make 200k, so 500k morrgage is nothing and they can buy a new one, a bigger one with 100k. And that is exactly my case. I just bought a new 4 bedroom apartment with 1 year of my salary.
@princemoth7@DrNobody21219@jacksonhinkle We have stocks and we have savings. Typical Chinese family has 1M rmb saving, which is enought to buy an apartment in full.
@princemoth7@jacksonhinkle Not an issue if you are still earning and have savings. I just bought a 4 bedroom with 1 year of my salary. The value of my previous one drops, but I dont care, scince I am still making money.