when buying an apartment in China the buyer pays the capital gains tax owed by the seller, a quantity that is intrinsically unknowable until after the transaction has taken place, thus leaving the buyer on the hook for an unspecified sum and making two apartments advertised at the same price potentially cost completely different amounts.
yes, this is a call out post for the real estate market, which should be ashamed.
3 months ago · 12 notes · source: argumate · .permalink
akaltynarchitectonica reblogged this from argumate and added:The chinese property market is ridculously fucked in multiple ways, the lack of safe financial investments means homes...
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argumate reblogged this from theaudientvoid and added:The agents also attempt to sell it for a higher price than they admit to the owner, advertise properties for sale that...
theaudientvoid reblogged this from argumate and added:I’d expect that this risk gets factored into the ultimate sale price.it could potentially lead to a lemons problem...
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