Wednesday, January 11, 2012

This is what high house prices achieve

The tragedy of tens of thousands living in 6ft by 2ft rabbit hutches - in a city with more Louis Vuitton shops than Paris

Hong Kong, one of the world's richest cities, is abuzz with a luxury property boom that has seen homes exchanged for record sums. But the wealth of the city has a darker side, with tens of thousands priced out of housing altogether and forced to live in the most degrading conditions.

Posted by mark @ 10:39 AM (1290 views)
Please complete the required fields.



8 thoughts on “This is what high house prices achieve

  • Very misleading.

    Mong Kok has 150,000 living per square KM. Most dense population in the world, and is very poor.

    Compared to HK’s 10,000 per square KM.

    It is NOT on HK island where all the Luxury stores and rich people live, but in the new territories, still under HK law.

    We have people living in squalor just as close to Bond street and Sloane Square.

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    ‘Love Thy Neighbour’

    Presenting an exciting opportunity to purchase one of these highly sort-after (sic) bijou, micro executive-capsules. Perfect for the discerning City bachelor who doesn’t have time to cook. This pied-a-terre will suit any professional hoping to get their foot on the housing ladder or buy-to-let investor.

    Call Floggit & Leggit today.

    Reply
    Please complete the required fields.



  • If it was Britain, the Daily Mail’s readers (homeowners) would quickly point out that those foolish people are wasting their money on takeaways and mobile phones. Also the banks in Hong Kong should lend people more money so they can afford to buy their own home (or even become landlords themselves).

    Reply
    Please complete the required fields.



  • Our BTL brethren must be drooling over this. The £400 Housing Benefit cap will surely run to a squalid cage.They could expand into soft commodities manipulating food prices in order to feed their tenants profitably. Payday loan anyone?

    Reply
    Please complete the required fields.



  • Can I buy one on shared ownership? 50%/50%. If these were in London they would still want £100k each.

    Reply
    Please complete the required fields.



  • how unusual comment doesn’t support site, so doesn’t get included….

    No wonder this website doesn’t get the support it should.

    Reply
    Please complete the required fields.



  • @drewster – have you got the link for the video where the guy lives in a cupboard and the bed folds down – a few mirrors make the place look bigger ? – I’m pretty sure you posted it last year and again it was Hong Kong if memory serves me correctly – ties in with this particular post.

    Reply
    Please complete the required fields.



  • jack

    thats the 5th element with bruce willis

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>