Author: ceciliazhang

A basement flat in Beijing sells for 10.5M yuan   [Copy link] 中文

Rank: 8Rank: 8

Post time 2018-4-26 12:43:29 |Display all floors
huaqiao Post time: 2018-4-25 14:14
People must learn not to succumb to herd mentality. Good schools do not always produce good smart st ...

It is not just herd mentality. You must understand that the Chinese have a win mentality; they want their children to win over their neighbors' children by putting them in so-called good schools!

Use magic tools Report

Rank: 8Rank: 8

Post time 2018-4-26 13:02:24 |Display all floors
pnp Post time: 2018-4-26 12:43
It is not just herd mentality. You must understand that the Chinese have a win mentality; they wan ...

Yes, top-notch schools constitute the reason for the high housing prices whether in China or elsewhere.

Use magic tools Report

Rank: 8Rank: 8

Post time 2018-4-26 13:49:51 |Display all floors
This post was edited by pnp at 2018-4-26 13:50
wchao37 Post time: 2018-4-26 13:02
Yes, top-notch schools constitute the reason for the high housing prices whether in China or elsew ...

Happens all over China, not just in Beijing. The newly rich Chinese are spending up to ensure their chidren have 'good schools' to go to.  Many got cheated too;  unscrupulous housing agents lied to them that a certain apartment block they were marketing was within the desirable school zone, so they rushed in to buy, but when children grew up and they tried to register at that school, too bad,  they had been taken for a ride by the agents!  Legal recourse against the agents is often too tough to persue!

Use magic tools Report

Rank: 8Rank: 8

Post time 2018-4-26 14:04:15 |Display all floors
This post was edited by wchao37 at 2018-4-26 14:08
pnp Post time: 2018-4-26 13:49
Happens all over China, not just in Beijing. The newly rich Chinese are spending up to ensure their ...

True, but these parents aren't in the majority because most folks would do thorough research of whether the new house is within the jurisdiction of the school district they want for their kids, and they are foolish enough to go by the words of real estate brokers alone.  

Granted there are always swindlers peddling false information about the houses they sell, but the majority aren't in this category.

In the least, the new owners would have checked and known about the truth shortly after they move in.

That's why the government is championing equal rights for renters and buyers.  Their policies mainly targeted inflated housing prices secondary to school zoning.

Use magic tools Report

Rank: 6Rank: 6

Post time 2018-4-26 15:01:32 |Display all floors
Motika Post time: 2018-4-25 23:52

Use magic tools Report

Rank: 6Rank: 6

Post time 2018-4-26 15:03:48 |Display all floors
pnp Post time: 2018-4-26 12:43
It is not just herd mentality. You must understand that the Chinese have a win mentality; they wan ...

A competitive spirit is good for improvement but the smart ones do it the smart way, not simply following others.

Use magic tools Report

Rank: 6Rank: 6

Post time 2018-4-26 15:21:15 |Display all floors
Aiminli Residential Area in Xicheng District, known as a "golden location" in Beijing.

Wow, golden location, then I don't want to see a apartment in a cheaper district.
Human lives mean nothing when the western warmongers see a bigger gain through war

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.