China’s Housing Market Goes the WeWork Way—and Thousands Get Evicted

‘Apartment operators’ sign long-term leases with landlords and sublease to individuals, typically after renovating and partitioningIn China, a crowd of startups is looking to cash in on a hot real-estate market by disrupting the way apartments are rented.

As property prices have soared in Beijing, Shanghai and other large cities in recent years, many young workers and new graduates have been squeezed into renting spaces within apartments—and that is where “apartment operators” have stepped in. These companies sign long-term leases with landlords and sublease to individuals, typically after renovating and partitioning, though they also sublet entire apartments....

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Subdivided flats? In a country that does not lack space?

Debt, debt!?!?!?

China's housing bubble is the greatest bubble in the history of humans.

You probably heard about China's ghost cities about 100 of them for years.

jennablan LaMonicaBuzz CNN nytimes AP BBCNews thehill CBSNews It is no secret that China economy Winter is already here. Maybe the Chinese version financial crisis of 2008 is coming soon. Trade war is accelerating the process.

Also China is not feeling so good.Everythig saying problems approaching at a crash.We don't know when.202o could be good year.Stay tuned and covered.

Big surprise. How much do the tenants make? $2 a day?

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China’s Housing Market Goes the WeWork WayDozens of startups called “apartment operators” are looking to cash in on China’s hot real-estate market by disrupting the way apartments are rented. Think of a residential version of WeWork. Life is like war. Life is like a race. A lazy man in life is like a loser. You must do your best in life. This is a grand music about it. This is the consensus of the gods. In other words, this is the word of God. God is Good. God wants Good. So one person is going to profit and everyone else is going to get screwed? Sounds about right.
Source: WSJ - 🏆 98. / 63 Read more »

Report: Ousted WeWork CEO Adam Neumann to sell triplex penthouse in NY - Business InsiderRumors of the sale come in the midst of Neumann reportedly regaining his billionaire status, thanks to Softbank's October bailout of WeWork. Compound? How do you sell part of a compound?
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China’s Housing Market Goes the WeWork WayDozens of startups called “apartment operators” are looking to cash in on China’s hot real-estate market by disrupting the way apartments are rented. Think of a residential version of WeWork. Life is like war. Life is like a race. A lazy man in life is like a loser. You must do your best in life. This is a grand music about it. This is the consensus of the gods. In other words, this is the word of God. God is Good. God wants Good. So one person is going to profit and everyone else is going to get screwed? Sounds about right.
Source: WSJ - 🏆 98. / 63 Read more »