• st0v@lemmy.zip
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    1 year ago

    I don’t know if you’ve ever been there, but i live there now for about a decade.

    a lot of people own a house by default. at some point all the houses where people live were somehow given to them. then the values sky rocketed, or where their building got developed and the developer paid them out.

    so families brought more than one house or prepared money for their kids to get a house, and the property market continued to grow.

    On top of this, Chinese are more accustomed to living in what could be called extremely efficient housing. small apartments in big apartment blocks with 99% of what they need in life 10 minutes walk away.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      1 year ago

      I grew up in USSR, and it was a similar setup. Most people lived in big apartment blocks that were structured into microdistricts with all the necessities being within walking distance. I personally really liked that arrangement. It’s a really convenient way to live.