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These past few days, I’ve been house-hunting with my best friend.
150 square meters, 18k yuan per square meter, total price 18k yuan.
The landlord also spent 700k yuan on renovations, bringing the total to 3.4 million yuan.
Currently, it’s rented to my best friend for 3,500 yuan a month, which is 42,000 yuan a year, and 420,000 yuan over ten years.
The property still has 52 years of ownership, and the total rental income is 2.184 million yuan.
Even so, people are still rushing to buy houses.