Browsing Tag

apartments

5 posts

Space Capsule Pod Homes are Proof That Hong Kong is Way Too Expensive to Live In

High property costs in Hong Kong have prompted a lot of people to live in cheap, tiny housing units that have become famously known as coffin cubicles. Taking a cue from the capsule hotels found in Japan, some entrepreneurs  have created a successful business in Hong Kong renting out single-sized bed space pods to city dwellers.

Offering quite an upgrade to the increasingly common coffin homes in the city, each of these space capsule pods comes equipped with air-conditioning, a bed with a mattress, a pillow, bedding, outlets for charging devices, three different lights, and a small fire extinguisher. The pods are also secured with key-card access and lodgers are provided with shared space for kitchen, bathroom and common area.

The Most Expensive Apartments in China Are Too Small For Humans

With diminishing residential spaces available, local property developers in China have still found a way to maximize profits, leading to the creation of the most blatant display of capitalist greed: Shenzhen Mini-Houses.

In the modern metropolis of Shenzhen in China, many residents are living in tiny six-square-meter flats that cost around $150,000 (1 million yuan), Forbes reported. Such expensive mini-houses have started to become the norm, to the annoyance of many.

Here’s How Much You Need to Make an Hour to Rent a 2-Bedroom Apartment in Each State

A recent report published by the National Low Income Housing Coalition revealed that an American needs to earn at least a wage of $20.30 per hour in order to afford a modest, two-bedroom apartment in the U.S.

The so-called “housing wage” is $4.88 higher than the estimated national average wage of $15.42. The discrepancy, however, gets a lot more alarming for the minimum wage earners who get $7.25 per hour, Citylab reported.