Comments on: August 8th Changes Everything (to Some)

By: Managing The Dragon » Blog Archive » Top Ten China News Stories (02/18/08)

Mon, 18 Feb 2008 03:04:34 +0000

[...] August 8th Changes Everything (to Some) (Cup Of Cha Blog) [...]

By: Nick

Nick — Sun, 17 Feb 2008 17:46:55 +0000

My Suzhou landlord recently refused to return my deposit recently at the end of my lease for no other reason other than that she and her husband would be out of pocket if they didn’t have a tennant (despite the fact that after 3 months I still had water flooding into my wardrobe which they hadn’t addressed).

The laws of demand and supply don’t really apply here.. while apartment blocks are going up in the hundreds and remaining empty for months before they begin to desintergrate, landlords hike the rents even further in a vain hope to recoup their investments.

Contrary to popular opinion, owning an apartment in China is not a licence to print RMB..

By: Jakob Montrasio

Jakob Montrasio — Sun, 17 Feb 2008 14:48:22 +0000

Let me tell you, here in Shanhgai it’s not much better - in two years we have a six month (?) long World Expo 2010. I have the feeling that the government here too expects a *bit* too much from that event, plastering sheets for that just about everywhere (with that dumb blue condom logo symbol freak thing)…
Hope I can get an apartment in 2011 for the half price, haha…

By: eric

eric — Sun, 17 Feb 2008 13:07:16 +0000

i actually read somewhere that beijing real estate market has been sliding downhill for a while. maybe they are just using olypmics as an excuse for (over)correction.

By: Jeremiah

Jeremiah — Sun, 17 Feb 2008 10:51:02 +0000

Josh,

I hear you. Our lease was supposed to be up next month but back in September of last year, I asked our landlady to extend it through September 2008. Bless her heart, she agreed and didn’t even ask for a bump in rent. Of course, I’m still waiting for the other shoe to drop and for her to show up at the beginning of August and tell us that she needs to renegotiate or that she needs to ‘paint’ for that month….we’ll see how this all shakes out. Good luck apartment hunting.