Oxstones Investment Club™Blogger Zhang Qi shocked many in China when she posted a picture of her Beijing apartment (below).
But she likes her 7 sq foot room. Like other middle class Chinese, she can’t afford a real apartment in boomtown Beijing.
Zhang, apparently the first tenant of such a compartment in Beijing, disagrees, appreciating the privacy that comes with three walls and a front door and at a price she can afford. The Shanxi native, who earns about 4,000 yuan (US$586) a month at an advertisement company in Beijing, pays 250 yuan rent monthly for the compartment in the capital city, the first of its kind in China. Before moving, she shared a flat with a roommate at 800 yuan per month.
“Now I can save more money for my mom and siblings who live in my home town,” Zhang said.
Pod apartments are a sign of the ridiculous Chinese property bubble, but they could also provide relief. Real estate speculators can hedge by renting a single apartment as dozens of pods. And for young Chinese, a tiny urban pod is better than the alternative.
Source: businessinsider.com
Tags: Chinese property price boom, ridiculous tiny apartment