I will be paying the rent today. Will pay five months rent in advance and in cash.
This is what 20,000RMB looks like (about $2926).
So rent comes out to be just 4000RMB ($585.00) a month. For a family of five, this is a steal for housing!
We live in a 2000 square foot apartment, upstairs and downstairs, 4 bedrooms, 2 bathrooms, 2 balconies, in a high rise building, near the beach.
One of the benefits of living in China is the cheap rent, very cheap compared to the US or UK. When we were living in the US, our housing costs was over $2500 a month, and of course we were not near the beach. Going from $2500 a month to $585 month has really made a positive difference in our lives. Other cheaper apartments were also available, a 3 bedroom would of cost about $400 and a 1 bedroom as low as $150 a month.
We also pay it in advance, so it feels great knowing that our housing is now taken care of for the next 5 months. Imagine not having to stress about making a mortgage payment or a rent payment.
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