headhonchoII wrote:Looks like crap and this is who just came back from China..Chinese cities look SO much better these days it's embarrassing really. I'm talking about the roads, the paths in many cases, the commercial real estates and the new apartment blocks.
Invest some f$&kinf money in the place people!
I'm sure you know this, but people with money often just invest on the interior and don't really care how things look from the outside. A person I know spent 4 million on interior redecoration not long ago. And he's not rich or anything. From the outside, you would never know. There isn't even an elevator in his building.
I'm not disagreeing with your sentiment. I'm just saying that things aren't really what they seem to a casual observer.
TBH, 4 million in an ugly gongwu is way overpriced. Even if it was 70 ping. I often watch the interior design shows and I scratch my head. Does it look original? is it a piece of art? Are they using unique materials, heck, safe materials? It seems the same flat dark artificial style. neo rococo furniture. Icky. If at least they had a jacuzzi or something.
My dad was telling me they took down my sister's room in the ol house and extended the bathroom with a jacuzzi, opening up to the garden which has a lovely Spanish style veranda. Now you're talking.
Indeed, in Taiwan there is this fear of the fuiture, fear of safety -being kidnapped, fear what fuels people to save, save and keep saving. Indeed, if you get 18% from your money sitting there, why bother? If you do not know if you will keep your job, why spend? Then comes a scammer and takes it all away...
One example: The masses invest in huge insurance premiums, but the investment companies themselves may put their money abroad, may take the money to the global markets, but none gets back to Taiwan. They used to have developments financed by them. Not anymore.
The real estate industry is at dodgy as those phone scammers.