Thought this movie is about car racing / drifting. Turns out to be a very sad movie. Was watching Season 02 Episode 03 and a 1200 sq ft home cost 30 million (三千萬). I can't imagine how anyone pays for it after running it through a mortgage calculator based on US mortgage criterias (6 million down payment (20%), $89k / mo mortgage payment with a 2% for 30 years). I know I cannot compare USD with HKD; but, 1200 sq ft in US is a basic starter home for someone in middle class? But, $89k / mo is more than middle class yearly salary. And that's at a meager 2% interest. I really cannot wrap my mind around the numbers. To any Hong Kongers, how do you as normal person (not celebrity) afford a home? Also, after watching the movie, curious as to how's the social program in HK? Are homeless-ness as bad as San Francisco and / or Los Angeles or both combined?
Housing issue is a problem regardless of any country. As more people are born and houses are limited due to governments and businesses promote artificial scarcity upon human needs. It's a way to keep housing price up for land taxes and real estate and construction companies also get cuts from this and other incentives.
KilaKilaGirl I agree, it's logical in that sense. One of my buddy always say we'll all end up living in a cage (like the HK movie cage homes) due to population increase and finite resources. On the taxes, I always try to sell my house to the county - if their assessor says it's worth that much, the county should want to buy it for that amount. I'm willing to sell and go buy something else for cheaper. eh? Just a bunch of legal robbers, if you asks me. And I have tried to challenge these robbers before without much success
