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An American in China

Posts Tagged ‘china houses’

Buying a House in China

Posted by w_thames_the_d on March 30, 2010

China has that crazy houkou thing, where you are a citizen of your state, and it is hard to do anything outside of your state, ie. receive health care, get an education etc.

So, add to this that buying a house is difficult as well. If you try to buy a house from outside your province or state, you must pay 100% of the value, the out of state banks will extend you no loan.

This would be like saying that you live in California, and want to buy a house in Philly, that you would have to pay the full price of the Philly home. Because, none of the Philly banks will trust your credit, nor offer you a loan…

Posted in China Fact, Let me educate you... | Tagged: , | 2 Comments »