@@filipelimartins HK has a 25% of its population in poverty, and one of the highest Gini inequality index of the developed world. Or do you consider the poor to not be human beings? When you're poor other countries don't wanna take you in. You don't speak the language and have no resources, you can't LEAVE even if you want to.
For the people saying “why don’t they just move to another country???” Aside from leaving their friends, family, and the place they called home since day one... do you really think it’s that easy? There’s something called citizenship. Most people have only ONE citizenship from the country they were born in. (Very few have dual citizenships through either their parents or immigrations etc.) That means they only have permanent residency in their home country. They can travel to a lot of places visa free, but ONLY for a limited period of time, from weeks to a few months. Certain countries even require a tourist visa depending on your citizenship. They cannot just pack up their bags and decide they want to work and live in Australia from now on. It doesn’t work that way. Unless they have unique talent or offer something extraordinary, it’s VERY difficult to even obtain a work visa, let alone permanently residency (citizenship) in a foreign country. So please stop asking “why don’t they just move to another country?????” *Because they can’t.*
@@Charles-tr5xn It's actually doable, a lot of kids go to school in Hong Kong but live in China and there's a lot of people who live in Hong Kong but work in China.
I thought u could find a job in another country and stay on a work visa (as long as u have a clean record of course) for as long as u are employed?? Reapplying from time to time??
@@rangermaverick85 what Timothy Z meant was that fully educated professionals are basically only able to afford the same life standard as students. Owning a tiny apartment versus renting one doesn't change your quality of life that much.
My house in Australia cost me the same as his apartment. But I'm outside the city on half an acre of land with a double story, 5 bedroom house. I wake to the sound of birds and have fresh air in my lungs and it's bliss! I do love visiting HK though.
@@mushy111 My house is 2.5 million US but its on a main road, its quite spacious but only one room of the house is lavishly decorated, the other ones are decorated traditionally. Is your house home to beautiful furniture?
I KNOW RIGHT!?!?! I use to live on Hong Kong and have relatives there right now. Some of the houses are actually beautiful and normal. I'm not even surprised at this.
Mostly likely this chap has already moved out of Hong Kong to other country (due to the shaking social movement in the last 3 years) . IT & Finance professionals are hot in US & UK. And he did wasted the room space for the washing machine as there are plenty of 24-hours self-service laundries in that area!........... My home is also in that area! The high cost of living in that area is because his neighborhood is Hong Kong University! There are not short of wealth students from mainland China in looking living quarters in that area!
My parents rented a 26 (or 28?) million apartment and compared to other Hong Kong apartments it’s really big, my room is about 70sq feet so you can imagine how “cramped” it is. We’re planning to move to Lohas Park and actually buy an apartment lol
I think from the looks of it, it looks messy and crouded that's why from the angle of the camera it looks pretty small. However, if he could organize it better I think the studio would look much better and a little bit bigger from the angle of spaces.
Man I dont know about this. If the prices are too high in the city, I'd rather move to a lesser populated area or to the suburbs (in America). Hong Kong is an urban island so tough situation.
I live in the suburbs in HK. It's called The New Territories. 45 minutes from Downtown. Beautiful area, well spaced apartment buildings with 20+ km of bike lanes along each side of the river that's lined with trees. Don't buy these media videos, they tend to look at extremes
middle class is very strechted in HK... He is middle class as he can already afford to buy... and there is middle class with about 5 times the space and very luxurious... The rich are so incredibly rich you can't even imagine
This is what happens when you turn shelter, something we need for survival, into an investment. Those at the top are making it big while the growing population losing out are finding it harder and harder to survive. The worst thing you can do is empathize with the winners, especially if they are winning at a system that is beating you. That’s why change is not happening. Everyone dreams of investing instead of having a Modest space of their own. It should be a lofty goal to live alone and own that space
I didn't wanted to add reply but by looking at irrelevant replies, i had to. You wrote very meaningful comment, i just want to tell you, you are understood.
In Malaysia, I appreciate and grateful for my village house 🏡 although I am not rich enough...in the village, I can move freely, the jungle is my daily groceries and the waterfall is my shower and all the wild fruit such as durian/spike fruit, banana,papaya is my natural vitamins, hopefully one day Hong kong citizens can move freely and make a big enough house to live
I thought California was bad but HK takes the cake! With the price that first guy pays, he can get a pretty decent sized house here in the SF Bay Area. Boy, all he gets is a little flat?
Low property price in US is caused by property tax. Americans are paying for it as well just by instalments. In HK you can stop paying for it at least after paid off the loan before retirement. In US you are still going to pay for it after you retired, property tax could go up with property value, retirement pension is usually fixed.
high salary but everything in that country also have high currency, so it's just like u buy a bowl of noodle in mainland china for about 1$ but you have to pay 10-15$ for the same bowl when u're living in HK.
@@TalkingTreeVC If you know where to find necessities stuff in Hong Kong is cheaper when compared to developed countries- making comparisons to developing countries makes no sense. Look up PPP data, for example. Hong Kong's pure GDP per capita is under 40000, but in terms of ppp it is nearly 70000.
I am happy I wasn't born in Hong Kong just to think of working and earning money that cannot buy my happiness and a decent lifestyle I would just die of sorrow
@@ivelify nah I don’t like the environment there… you won’t basically have freedom of speech on the internet , also social media platforms like FB Twitter IG YT all are not available in china ( it’s just my own opinion
Darrick Ting Usually,people dont have wifi in their flats and aparts.because too many people are using the same wifi .Especially in homes where you dont even have your own toilet
I live in a 2 bedroom apartment on my own with shower bathtub and a separate room for the toilet. A room for a washing machine a balcony of reasonable size and a huge living room. With a basement. Build in 2006. I rent it for 660 euro a month. I'm living the dream apperently jeej
Definitely he is privileged class in Hong Kong. His flat is most likely near Central or Admiralty. He should trade his flat and move to a farther location to get more square footage. Nothing to complain about.
The worst part is that the guy don't seem happy with his current status. If I lived in HK, I would probably go for living in co-share apartments in order to have friends closer .
I'm backpacking around the world (since May 2016). I started in San Francisco and have traveled westward. I stay in hostels. Hong Kong hostels are some of the dirtiest & least cared for hostels I've stayed in Asia. The high price of land coupled with Hong Kong's position as a popular tourist destination allow the owner of hostels to be lackadaisical about maintaining their abodes.
be lucky you were only a tourist... it's the small space and the many people wanting it, that makes prices, not the other way round. We were living in HK and a decent appartement of 500sqft costs about 6.000 USD per month - and thats not the high class areas I'm talking about... But where to go, its an island...
And you know what is the messed up thing about it? The buildings aren’t even high quality or designed as a luxury apartment. Uninspired concrete mass. In some countries like the Netherlands, they pass as government housing. Luxury apartments are all glass.
Jara I am pointing out how scammed Hong Kongers are. The land prices are artificially inflated. Those type of construction are CHEAP construction. THINK! If you think more, maybe you will leave Hong Kong and not put up with this BS and stop defending it. Your officials (together with the rich landowners) are obviously exploiting all of you.
12x12surface Working digitally is the only future. Teachers that use holograms to stand in front of the class. The finance worker we saw in this video wil be working from home anywhere instead of in the office. All these properties will be vacated soon.
It's not often that I am grateful for living in Europe. My country is not very rich, but I can't imagine someone living in such a small apartment here.
Money doesn't mean anything if you can't buy resources with it. The only way to make live better (speaking from lawmakers or policy maker's pov) is to make resources and necessary things for propel to better their lives affordable.
In HK, that definetly isn't a high income. My school that I used to go to back when I was a kid, was a private school with about 2000 students, which is about 20k USD per month...
As a person who knows someone and use to live from Hong Kong, this is so normal. Barely anyone complains because this is what a standard house is for decades. I'm not surpise at all.
For comparison, nearby Singapore's smallest apartment was slightly smaller (258'^2/~24m^2) for S$1500/'^2 in the mid-lying suburb of _Paya Lebar_ , for a total cost of about 1/2 million
This makes me so sad for some reason. My big cousin have a pretty good job in Hong Kong, it’s been 5 years since she’s been working and she still can’t afford a house there. She rented a tiny apartment to live in for all those years. But Yeah she just recently moved back to China because she’s had enough :((( imagine how much pressure there is
But to be totally honest the housing price in China is not less insane than that in HK... unless in real small and unimportant cities, 700,000 USD can give you a descent place to live. In bigger cities you cannot get a very nice residence with that money.
Your cousin is the reason why Hong Kong is having a problem. People like your cousin are causing trouble all over the world right now. They need to keep the Chinese in China
Fugazi World your comment makes you look like a Trump supporter. Big cities will always attract more people. The mindset of keeping a certain group of people at a certain place is so middle-aged. Oh no, even in the middle age people gathered in big cities.
@@ikar304 well I'm actually from Hong Kong, I can agree because Hong Kong is actually a small place, like it's only a dot in the whole continent, I live in a 300+ square foot house but its actually enjoyable
Or just become a multi-millionaire/ billionaire. So you don’t worry about living standards and yeah you can own a mansion in the heart of HK with no sweat.
Audy W quite ironic if that's true, people from Hong Kong have gained a notorious reputation for ruining the property market overseas in cities like London and all across Canada by buying up properties for investment purposes leaving the native population practically homeless due to the lack of properties and price hike. It's even sadder knowing these properties they buy up are left completely empty.
Audy W If only theres a way to transport all those ghost cities in mainland China to Hong Kong, that would immediately drive prices to affordable levels.
Man, I feel grateful to live practically in a house, I can move freely as I want without needing transformable furniture. If I earned that much money, I would've surely moved out of Hong Kong 👍🏻
This is really the problem of capitalism richer buy more to get richer before the poorer earn enough for deposit. No systematic change to the housing supply system no change of fate to the poor in such a high price market.
It's not land management. HK has real estate tycoons that control the land and they create the illusion of scarcity. No different than diamonds. The chinese government tries to control the tycoons but the tycoons own the media and they brainwash HK people into believing that their problems are caused by the Chinese government. So in the end, some HK people are actively fighting the very government that could save them from the tycoons.
@@discovaria9507 will democracy solve their housing problem aka basic fking human needs and rights? The rich will give out the land and house for free once they fully embrace the democracy and so called human right, right?
These HK youngsters have many issues particularly housing and high cost of living and job scarcity! Not so much lack of freedom! Compounded by seeing more affluent Chinese in the midst creating jealousy, envy, discontent and tension
@@preppysquid4050 clearly you haven’t, as the op has met none of the required criteria to fit your claim of “figurative speech”. metaphors, similes, personification, hyperbole, and symbolism. Which of these does this post relate to? None. Maybe arguing over a language which is not your first spoken is a bad idea. When speaking or writing in English, you’d have to use one of the forms of figurative language I provided. This post does not, ergo you take it for what it says. All the best.
kza. u might want to think again.. singapore is definitely on course to similar fate. high quality life, strong currency = high interest in immigration. with singapore's land mass... its HK 2.0 have u checked apartment prices in singapore lately?
SG's "socialist" HDB system is way better than HK's pure capitalist real property. Foreign investor can't just go into SG to buy a property unless they want an overpriced private condo.
"Buying" property in Hong Kong doesn't mean that you "Own" the property, because every single plot of land in Hong Kong are owned by the Government (Hongkong SAR), they lease that plot of land for 99 years (maximum), if the lease has ended, the land is either going back to the government or sell to other property developer, that's why anyone who bough a property in hongkong have a limited term with 99 years maximum.
The 29 year old woman's 5,600HK/mo rent of her 32,000HK/mo salary is 17.5%, which is half of what the average housing to salary ratio is. It's not that she can't afford more, she's doing the smart thing and having roommates.
Jesus Christ...it's true that where I live, the median salary is only around 25 000 euros a year, but 700 000 euros get you a 100 sqm appartment, not a 25 sqm studio. This really puts in perspective how wages don't mean anything: it's the local living cost that truly matters when you want to compare things.
I live in Hong Kong and my flat costs 9 million dollars, I help reduce money by not using that much electricity I only get 1 hour phone time a day and i'm 11 years old.
because in HK land is expensive, even when its in the city the government prefer to keep the nature more than the land and that for them, building a huge apartment or house is useless to be honest for me that tiny place is a lot better than a huge house, its more simple to clean and if you’re going to work at the morning and ended up coming home late at night, theres no need for big place because thats just a place you need to sleep
I guess he'll be locking his balls tight coz he ain't gonna get married not to mention finding a soul mate any sooner. He gotta control not to get into any fucking relationship. Unless you tell me ppl in HK get that small house/flat doesn't represent your true wealth.
Audy W that depends on which area you live, its the same like in other country theres a complex for rich people and then theres complex for average and less average people
Knock-knock, Who's there? why did you said that ? i have seen many homeless in the state and they have family even childrens dont say stuff that you dont know base on what you see beside him getting married or not its none of your business
I can vouch on this since my uncle who lives in HK have a small apartment flat just like them. I remember my family visiting his place for the summer during my childhood and we (a total of 5 people) had to live in a cramp space. It was doable since most of the time you will be out in the city. It is much more convenient to eat outside since it is fast and cheap. I can’t imagine paying those insane amount of rent per month for these types of living condition but luckily my uncle’s place is owned since that apartment space was bought years and years ago when my dad used to there in HK with his family.
Many tycoon in HK come from real estate sector, making the housing cost for ordinary HKongers way too insane to bear. Pigeon has a much bigger living space than you in HK.
Yes, Hong Kong apartments are super duper small!!! I’m from HK and My family lived in a apartment with 2 bedrooms 1 bathroom and a kitchen, I have 5 siblings including me.
Okay I don't know if it's because I come from Singapore (second most expensive housing in the world) but the fact that he can own a flat at 25 is pretty amazing because in Singapore you can't even apply/own public housing flats as a single (unmarried) applicant till you're 35 years old. And if you want to buy private property the starting price for a unit that size is also about $700k. Also I think having your own place for the price the woman paid is also okay hahaha but I think this is just because I'm from Singapore and the rental/housing prices are quite similar. The only advantage is if you get married that's why in Singapore people apply for houses before they get married so they can own property at a younger age (before 35).
How on earth do disabled people who use a wheelchair like me manage? There's no way we'd fit. That's on top of the fact that we have a higher likelihood of being unable to work as much, so less income, and higher costs!
I don't understand why we are living in smaller places. It's just insane how people live so tight. I've seen some data available at cia world factbook about land use. In Brazil, 62% of the total area of the country is covered by native forest, 33% is covered by agricultural and pecuary purposes, while 210 million people get concentrated in just 5.2% that is covered by urban areas like cities. That's just insane !
Yes, I understand that, but would think that living in small places with barely conditions such as most people who live in great areas around India and Bangladesh for example, with no sanitation facilities, where the population density gets over 30.000 people per square mile is suitable ?
Rata 4U , So wouldn't it be better if we start to control births instead of having a lot of kids like people still have nowadays ? Also, some insects are facing extinction, actually where I live, mosquitoes are increasing every year and now they are still alive even with low temperatures. Nobody own lands, the governments own lands, because everyone think that just because they have a title of a house or a property in their names, they think it's theirs, but you still have to pay property taxes yearly and also, there are some things that you can't even do inside your fences, taking the risks of receiving a ticket or being arrested. Would you like to be put into a condo ?
These are moments when you can proudly say that you live in a 1BHK apartment, the catch is however the bedroom, hall and kitchen are all one, more like a studio apartment but 1 BHK
That first guys apartment wasn't horrible. He had a sink and a range and a microwave and room for a rice cooker. That washing machine was most impressive. I would be happier spending more money for less space if I had freedom rather than getting bullied to buy a house with someone that I hardly know.
yea all your years of hard work goes to a flat you "own". when you die, do u really own anything? and that's where you put a huge chunk of your energy and time.
I own a much smaller condo and I was happy in it. Easy to clean, I cant invite guests, my condo fees are low and I can afford to keep it empty. Small is not always bad. I plan to go back to it if I'm still single when I retire.
It’s nice to have this apartment for your life. Mansion or big house won’t make you so happy coz I would feel less secure and cleaning is stressing me out so think and peace, stay simple life all the time
I m studying overseas but i m from india and we have very big houses there, we live in a countryside, and our town is surrounded by sugarcane and paddy fields. Watching this really makes me feel much more grateful for what I have.
I became a digital nomad because living like this in NYC was no longer acceptable. I was paying 1750 USD for a studio apartment. This is utterly horrifying.
$60.000 Hongkong dollar ?? And he live at that place ?? Hongkong properties is that expensive ? He will live in luxurious house or apartment if he move to Indonesia
People in the United States just don’t understand how blessed our country is. If a house or living situation is too expensive we have the luxury to get a cheaper home further away from the city. People in Hong Kong will never have that luxury.
This is why a lot of sci-fi movies shot their scene at Hong Kong. It's like what the world in the far future looks like, dense and overpopulated.
Don't forget Tokyo too
Nameless Man woah, i didn't know about that :o
Oh I see....glad im not from these awful cities
Lew Dong An
Yep...i just want to type that.
Nameless Man predictive programming
Guys a millionaire and living in a sardine can.
It’s 7,000 USD a month, they used HKD I was confused at first aswell
Yeah he not millionaire
Kay Flip
He is well off but not a millionaire
Kay Flip so you’re a 40 year old?
@@uh3592 7,000 is still alot. Why don't they move to an actual house than a apartment beats me? Apartments in HK cost more than actual houses.
If that guy is making that much money and is still living in a “small flat,” then I will probably end up living in a box if I move to Hong Kong.
We will get box after sell our kidney
in a cage house
Bro I'm probably gonna sleep in the alley ways
@@YurieSnowie we*
Ok
my father would never survive living in hong kong, he likes to move around all the furniture for no reason
😂😂😂
🤣🤣🤣🤣
🤣🤣🤣
🤣🤣🤣
*Laughing emoji Rolling*
The home owner looked so depressed while eating his takeaway. 😿😢
Well he ate a full package of bitter potted vegetable. As a chinese, thats almost torture without rice.
Imagine making about $8,000 USD per month and still unhappy lol and needs parent money to help with down payment
@@n2t460 even california's housing is better(but still bad lol)
@@n2t460 I don't need to imagine friend. I m that person but I m a lot happier as I do not work in as stressful envt as him
At least he has a keybords to cheer himself up.
What's the point of becoming a developed city if the citizen can't even own a normal house.
Hong kong is not a country..
Well the rich are making a shitload of money for sure
@@verybarebones everyone is making a shiton of money in HK, that's why everyone wants to live there.
@@filipelimartins HK has a 25% of its population in poverty, and one of the highest Gini inequality index of the developed world. Or do you consider the poor to not be human beings? When you're poor other countries don't wanna take you in. You don't speak the language and have no resources, you can't LEAVE even if you want to.
On point. Some day, we sick of this system.
For the people saying “why don’t they just move to another country???”
Aside from leaving their friends, family, and the place they called home since day one... do you really think it’s that easy? There’s something called citizenship. Most people have only ONE citizenship from the country they were born in. (Very few have dual citizenships through either their parents or immigrations etc.) That means they only have permanent residency in their home country. They can travel to a lot of places visa free, but ONLY for a limited period of time, from weeks to a few months. Certain countries even require a tourist visa depending on your citizenship.
They cannot just pack up their bags and decide they want to work and live in Australia from now on. It doesn’t work that way. Unless they have unique talent or offer something extraordinary, it’s VERY difficult to even obtain a work visa, let alone permanently residency (citizenship) in a foreign country. So please stop asking “why don’t they just move to another country?????”
*Because they can’t.*
yes agree .
@Chips Raider no they can't Hong Kong has it's own citizenship and ID card and password and they would have to go through the border every day
@@Charles-tr5xn It's actually doable, a lot of kids go to school in Hong Kong but live in China and there's a lot of people who live in Hong Kong but work in China.
I thought u could find a job in another country and stay on a work visa (as long as u have a clean record of course) for as long as u are employed?? Reapplying from time to time??
Plus many countries have a weird age 30 work visa limit. So anyone over 30 need not apply. It's ageism but oh well
Welcome to the future, where every individual lives like a student for the rest of their lives.
Timothy Z 😂true
Hard to find a student that can afford a 750k flat......at least here in Europe
@@rangermaverick85 what Timothy Z meant was that fully educated professionals are basically only able to afford the same life standard as students.
Owning a tiny apartment versus renting one doesn't change your quality of life that much.
Even comes with complementary debt at certain locations!
💔💔💔
My house in Australia cost me the same as his apartment. But I'm outside the city on half an acre of land with a double story, 5 bedroom house. I wake to the sound of birds and have fresh air in my lungs and it's bliss! I do love visiting HK though.
With that kind of money you can own a house like a celebrity in Indonesia
You’re a rich man then 😎😎.
With that type of money you’ll live like a King in Nigeria.
@@manishbist3201 HHAHA I'd suggest doing some research into Australian prices before guessing.
@@mushy111 My house is 2.5 million US but its on a main road, its quite spacious but only one room of the house is lavishly decorated, the other ones are decorated traditionally. Is your house home to beautiful furniture?
melburn, sydney, where is your paradise
Me, a Hong konger: This guy’s home is actually hella huge if he can afford his own living space in a flat like that😭
I KNOW RIGHT!?!?! I use to live on Hong Kong and have relatives there right now. Some of the houses are actually beautiful and normal. I'm not even surprised at this.
Mostly likely this chap has already moved out of Hong Kong to other country (due to the shaking social movement in the last 3 years) . IT & Finance professionals are hot in US & UK. And he did wasted the room space for the washing machine as there are plenty of 24-hours self-service laundries in that area!........... My home is also in that area! The high cost of living in that area is because his neighborhood is Hong Kong University! There are not short of wealth students from mainland China in looking living quarters in that area!
My parents rented a 26 (or 28?) million apartment and compared to other Hong Kong apartments it’s really big, my room is about 70sq feet so you can imagine how “cramped” it is. We’re planning to move to Lohas Park and actually buy an apartment lol
I think from the looks of it, it looks messy and crouded that's why from the angle of the camera it looks pretty small. However, if he could organize it better I think the studio would look much better and a little bit bigger from the angle of spaces.
How ungrateful these kids can be
Man I dont know about this. If the prices are too high in the city, I'd rather move to a lesser populated area or to the suburbs (in America). Hong Kong is an urban island so tough situation.
I live in the suburbs in HK. It's called The New Territories. 45 minutes from Downtown. Beautiful area, well spaced apartment buildings with 20+ km of bike lanes along each side of the river that's lined with trees. Don't buy these media videos, they tend to look at extremes
Are you from Hong Kong tho?
Robert Halili lol and how much did you pay for your magic tree house?
That's why Hong Kong should be part of Mainland China!
They can live in mainland China, and cross the border everyday
Next Transformers movie: Hong Kong furniture.
Burton L lmao
Burton L lmao
Lmao
Lol
Make this happen
I think this is the worst place for middle class people
middle class is very strechted in HK... He is middle class as he can already afford to buy... and there is middle class with about 5 times the space and very luxurious... The rich are so incredibly rich you can't even imagine
@@VirginiaPurple crazy rich asians
Hey giridhar i m shridhar
This is why I don’t live in Hong Kong
As indonesian,i admit indonesia is the best place for middle class,u can buy a house with average salary here 🤣
This is what happens when you turn shelter, something we need for survival, into an investment. Those at the top are making it big while the growing population losing out are finding it harder and harder to survive. The worst thing you can do is empathize with the winners, especially if they are winning at a system that is beating you. That’s why change is not happening. Everyone dreams of investing instead of having a Modest space of their own. It should be a lofty goal to live alone and own that space
Isn't shelter an investment? Wasn't it always?
Its more of a problem with supply and demand. Hong Kong has very high population density
i think you mean commodity, not investment
Hk has land and can make land, but the few richest people control and own everything (from electricity to pharmacies to restaurants to housing).
I didn't wanted to add reply but by looking at irrelevant replies, i had to. You wrote very meaningful comment, i just want to tell you, you are understood.
In Malaysia, I appreciate and grateful for my village house 🏡 although I am not rich enough...in the village, I can move freely, the jungle is my daily groceries and the waterfall is my shower and all the wild fruit such as durian/spike fruit, banana,papaya is my natural vitamins, hopefully one day Hong kong citizens can move freely and make a big enough house to live
wow!
Yet you have internet?
@@justchris846 how can he write comment on TH-cam without internet
I would like to see where you live, sounds like an amazing paradise on earth 😍❤️
@@justchris846 bruh even cave have 4G signal nowday 😂
I thought California was bad but HK takes the cake! With the price that first guy pays, he can get a pretty decent sized house here in the SF Bay Area. Boy, all he gets is a little flat?
Low property price in US is caused by property tax. Americans are paying for it as well just by instalments. In HK you can stop paying for it at least after paid off the loan before retirement. In US you are still going to pay for it after you retired, property tax could go up with property value, retirement pension is usually fixed.
Lol 765000 gets you a pretty decent sized house like an hour away hour and half with traffic from the bay area
I grew up in the Bay, and HK$60k would definitely not get you a decent sized house, or a nice smaller house even.
In my country you can purchase a 7 bedroom mansion for that price.
Max Gorriceta where’s that?
I did rather become a farmer than live like that
Actually - with automation of everything - that's where it is headed.
So would many people, but you cannot survive as a farmer
Lol
"I did rather"
@@ss-nu3qf he could have said "I've could"
25 years old and earning 60K HKD/ month!? That's a lot!
Vincent Tan not in hong kong where prices are hyperinflated
high salary but everything in that country also have high currency, so it's just like u buy a bowl of noodle in mainland china for about 1$ but you have to pay 10-15$ for the same bowl when u're living in HK.
@@TalkingTreeVC If you know where to find necessities stuff in Hong Kong is cheaper when compared to developed countries- making comparisons to developing countries makes no sense. Look up PPP data, for example. Hong Kong's pure GDP per capita is under 40000, but in terms of ppp it is nearly 70000.
n o
@@TalkingTreeVC 😮😮 this is unbelievably expensive ☹️
I am happy I wasn't born in Hong Kong just to think of working and earning money that cannot buy my happiness and a decent lifestyle I would just die of sorrow
As an teenager in Hong Kong I’m honestly feeling anxious about my future in here
@@marygrace8389 why dont move to mainland China as your parent country ? big country and actually still one nation
@@ivelify nah I don’t like the environment there… you won’t basically have freedom of speech on the internet , also social media platforms like FB Twitter IG YT all are not available in china ( it’s just my own opinion
You're assuming there are no happy people in HK
@@marygrace8389 How about giving Taiwan a chance?
The craziest thing is that this is a big apartment in Hong Kong.
The good thing is your WiFi will always be full bar
Darrick Ting Usually,people dont have wifi in their flats and aparts.because too many people are using the same wifi .Especially in homes where you dont even have your own toilet
they're all locked
No, Wifi is not locked, nothing is locked in HK, its not Mainland... But Wifi is allover in every cellar, 5G at least, even in the underground
Darrick Ting more GAMING
😂😂
My car garage is bigger than that apartment.
Jason Ray Becauese u are rich!
Akhihito Chakma no because he lives in detroit
Explicate Gaming omfg 😂😂😂😂
I live in a 2 bedroom apartment on my own with shower bathtub and a separate room for the toilet. A room for a washing machine a balcony of reasonable size and a huge living room. With a basement. Build in 2006. I rent it for 660 euro a month. I'm living the dream apperently jeej
Good joke
The guy graduated from Cambridge and works for Deutschebank, definitely not your average HK’er. Median income is much lower than 60k hkd in HK
Oh! No wonder! I was thinking what the heck, HKD60K a month? That's very high compared to the average of his age!!!
Definitely he is privileged class in Hong Kong. His flat is most likely near Central or Admiralty. He should trade his flat and move to a farther location to get more square footage. Nothing to complain about.
Is that detailed in the video?!
Definitely not middle class. Yoi have to be rich if your parents can just help you buy a 770k apartment.
I rather live in a wooden Hut in Switzerland and have a happy life then working and living in an cramped up urban jungle and a slogging your way thru
Plus the polluting air
Every 5th person in Switzerland is a millionaire
@@asraansari3066 i have to say i agree with u... But they do tc of their country. Which makes it a heaven on earth
@@2muchxneutron874 I agree with you too .. its a beautiful country every person would love to stay there
The worst part is that the guy don't seem happy with his current status. If I lived in HK, I would probably go for living in co-share apartments in order to have friends closer .
I'm backpacking around the world (since May 2016). I started in San Francisco and have traveled westward. I stay in hostels. Hong Kong hostels are some of the dirtiest & least cared for hostels I've stayed in Asia. The high price of land coupled with Hong Kong's position as a popular tourist destination allow the owner of hostels to be lackadaisical about maintaining their abodes.
be lucky you were only a tourist... it's the small space and the many people wanting it, that makes prices, not the other way round. We were living in HK and a decent appartement of 500sqft costs about 6.000 USD per month - and thats not the high class areas I'm talking about... But where to go, its an island...
Probably just went to worse hotel. Most in HKI are not that bad at all
Ecspecially prince edward.....even from the station you can tell how dirty it is
@@AlvinGuoSubscribe hostel bruh.... if its called a hotel then its decent place
They are hostile that's why.
And you know what is the messed up thing about it? The buildings aren’t even high quality or designed as a luxury apartment.
Uninspired concrete mass. In some countries like the Netherlands, they pass as government housing. Luxury apartments are all glass.
Yes the walls are so thin you could hear the other tenants fart,
Some buildings aren't even tall!
12x12surface So you want them to be even more expensive?
Jara
I am pointing out how scammed Hong Kongers are.
The land prices are artificially inflated. Those type of construction are CHEAP construction. THINK! If you think more, maybe you will leave Hong Kong and not put up with this BS and stop defending it. Your officials (together with the rich landowners) are obviously exploiting all of you.
12x12surface
Working digitally is the only future. Teachers that use holograms to stand in front of the class. The finance worker we saw in this video wil be working from home anywhere instead of in the office. All these properties will be vacated soon.
I feel so safe and comfortable in small rooms just like this I dont know why.
me too 😌
They can not actually complaining abt the small size. They are complaining about the ridculous amt of money they need to spend for that small space.
Same, it's very cozy.
That's not the point, the question is the price
yeah i like staying in small rooms
It's not often that I am grateful for living in Europe. My country is not very rich, but I can't imagine someone living in such a small apartment here.
Money doesn't mean anything if you can't buy resources with it. The only way to make live better (speaking from lawmakers or policy maker's pov) is to make resources and necessary things for propel to better their lives affordable.
Seeing the lifestyle he gets even with his high income scared me more than watching the Exorcist movie when I was young.
In HK, that definetly isn't a high income. My school that I used to go to back when I was a kid, was a private school with about 2000 students, which is about 20k USD per month...
As a person who knows someone and use to live from Hong Kong, this is so normal. Barely anyone complains because this is what a standard house is for decades. I'm not surpise at all.
292sq ft. = 27.127sq.m.
The size is quite normal for the apartments in other big cities in asia, but the price in HK is ridiculous.
True. Some studios in jakarta are smaller. 24-25sqm. But A LOT cheaper 🤭🤭
For comparison, nearby Singapore's smallest apartment was slightly smaller (258'^2/~24m^2) for S$1500/'^2 in the mid-lying suburb of _Paya Lebar_ , for a total cost of about 1/2 million
This makes me so sad for some reason. My big cousin have a pretty good job in Hong Kong, it’s been 5 years since she’s been working and she still can’t afford a house there. She rented a tiny apartment to live in for all those years. But Yeah she just recently moved back to China because she’s had enough :((( imagine how much pressure there is
Well, at least salary is very good too
Thumbs up for your cousin. She deserve a better living conditions..
But to be totally honest the housing price in China is not less insane than that in HK... unless in real small and unimportant cities, 700,000 USD can give you a descent place to live. In bigger cities you cannot get a very nice residence with that money.
Your cousin is the reason why Hong Kong is having a problem. People like your cousin are causing trouble all over the world right now. They need to keep the Chinese in China
Fugazi World your comment makes you look like a Trump supporter. Big cities will always attract more people. The mindset of keeping a certain group of people at a certain place is so middle-aged. Oh no, even in the middle age people gathered in big cities.
He looked so uncomfortable sitting there and eating. But that was *probably* because he was being filmed in his house.
He probably had to order takeout for the whole film crew xD
You could also see it like this...A man living in a small apartment makes $60000 hkd in a month
I think they are trying to say he spends most of his 60k on that small apartment.
Note to self, try to avoid settling in Hong Kong
@@ikar304 i mean, could u blame him? Just look at how expensive the houses are
@@ikar304 well I'm actually from Hong Kong, I can agree because Hong Kong is actually a small place, like it's only a dot in the whole continent, I live in a 300+ square foot house but its actually enjoyable
HK is maybe the last place in the world I would want to settle, especially with a family.
Okay, that is a bit of a hyperbole, but still.
Or just become a multi-millionaire/ billionaire. So you don’t worry about living standards and yeah you can own a mansion in the heart of HK with no sweat.
homeless in usa enjoy there life too....its about what u are used too
the problem is.. with such little space in HK, there are too many foreign owned estates.
Audy W quite ironic if that's true, people from Hong Kong have gained a notorious reputation for ruining the property market overseas in cities like London and all across Canada by buying up properties for investment purposes leaving the native population practically homeless due to the lack of properties and price hike. It's even sadder knowing these properties they buy up are left completely empty.
Audy W the only problem is they have to start building underground homes
Audy W
If only theres a way to transport all those ghost cities in mainland China to Hong Kong, that would immediately drive prices to affordable levels.
I dont get why some mainland citizens still move to Hong Kong despite these things.
HeyItsMeJustin probably because they enjoy it there
Being a person living in Delhi i have anxiety but this made me feel grateful
Man, I feel grateful to live practically in a house, I can move freely as I want without needing transformable furniture. If I earned that much money, I would've surely moved out of Hong Kong 👍🏻
But its not that easy...
boy i am grateful having a normal big house and large backyard
*u know they say the high price rise is coz of land scarcity but in reality its poor land management* . *HK has more than enough space*
This is really the problem of capitalism richer buy more to get richer before the poorer earn enough for deposit. No systematic change to the housing supply system no change of fate to the poor in such a high price market.
It's not land management. HK has real estate tycoons that control the land and they create the illusion of scarcity. No different than diamonds. The chinese government tries to control the tycoons but the tycoons own the media and they brainwash HK people into believing that their problems are caused by the Chinese government. So in the end, some HK people are actively fighting the very government that could save them from the tycoons.
@@bunnie1294 What a sad world we live in
@@bunnie1294 u do realize that protests in Hong Kong are an issue of Democracy right?
@@discovaria9507 will democracy solve their housing problem aka basic fking human needs and rights? The rich will give out the land and house for free once they fully embrace the democracy and so called human right, right?
My home is small but I feel claustrophobic just looking at this. majority of HK is unlivable tbh
Living in a village sounds a lot better. This feels like a home prison
These HK youngsters have many issues particularly housing and high cost of living and job scarcity! Not so much lack of freedom! Compounded by seeing more affluent Chinese in the midst creating jealousy, envy, discontent and tension
As an introvert, my body is shaking right now
same 😭
Y’all need some serious mental health help if you’re “shaking” over a you tube video.... I’m being serious, see a doctor.
@@dexterdouglas are you taking their comment serious??
@@dexterdouglas ever heard something called "figuratively speaking"?
@@preppysquid4050 clearly you haven’t, as the op has met none of the required criteria to fit your claim of “figurative speech”. metaphors, similes, personification, hyperbole, and symbolism. Which of these does this post relate to? None.
Maybe arguing over a language which is not your first spoken is a bad idea.
When speaking or writing in English, you’d have to use one of the forms of figurative language I provided. This post does not, ergo you take it for what it says.
All the best.
After watch this video, then realize how rich my friend is being have multi floors condo in HK.
I fear singapore would end up like them....
No. Sg is way smarter than Hk. And WAYYYYYY BETTER
k z a
Harlow,in case u haven realise hdb getting smaller and a similar "2rm" apartment like this cost 100ksgd alr.
kza. u might want to think again.. singapore is definitely on course to similar fate.
high quality life, strong currency = high interest in immigration. with singapore's land mass... its HK 2.0
have u checked apartment prices in singapore lately?
SG's "socialist" HDB system is way better than HK's pure capitalist real property.
Foreign investor can't just go into SG to buy a property unless they want an overpriced private condo.
RY 82
But they give out pr so easily. I got a neighbour china new immigrant 3yrs only can get hdb albeit old market.
Whoever owns the land is the ultimate winner.
The government 🏃
For a so-called "progressive city", it's sad and disheartening that many residents live in a rather REGRESSIVE existence.
"Buying" property in Hong Kong doesn't mean that you "Own" the property, because every single plot of land in Hong Kong are owned by the Government (Hongkong SAR), they lease that plot of land for 99 years (maximum), if the lease has ended, the land is either going back to the government or sell to other property developer, that's why anyone who bough a property in hongkong have a limited term with 99 years maximum.
Oh, but.. Can he give the property to his family or his children tho?
The 29 year old woman's 5,600HK/mo rent of her 32,000HK/mo salary is 17.5%, which is half of what the average housing to salary ratio is. It's not that she can't afford more, she's doing the smart thing and having roommates.
60000 HKD per month is a very high salary for anyone who grew up in Asia.
It's like an average salary for an educated and skillful person in the west.
Jesus Christ...it's true that where I live, the median salary is only around 25 000 euros a year, but 700 000 euros get you a 100 sqm appartment, not a 25 sqm studio.
This really puts in perspective how wages don't mean anything: it's the local living cost that truly matters when you want to compare things.
I live in Hong Kong and my flat costs 9 million dollars, I help reduce money by not using that much electricity I only get 1 hour phone time a day and i'm 11 years old.
Sorry its 9 million hkd
In the Philippines you get to have 2 rooms + kitchen + bathroom and a small livingroom for 1300 hkd.
I can probably just buy my school textbooks with that money only...... The reason my home is so expensive is because I live in private property. 🙃
If the houses are this expensive, imagine the bills.
because in HK land is expensive, even when its in the city
the government prefer to keep the nature more than the land and that for them, building a huge apartment or house is useless
to be honest for me that tiny place is a lot better than a huge house, its more simple to clean and if you’re going to work at the morning and ended up coming home late at night, theres no need for big place because thats just a place you need to sleep
having maid is very popular in HK. there are plentiful of them there
I guess he'll be locking his balls tight coz he ain't gonna get married not to mention finding a soul mate any sooner. He gotta control not to get into any fucking relationship. Unless you tell me ppl in HK get that small house/flat doesn't represent your true wealth.
Audy W that depends on which area you live, its the same like in other country theres a complex for rich people and then theres complex for average and less average people
Knock-knock, Who's there? why did you said that ? i have seen many homeless in the state and they have family even childrens
dont say stuff that you dont know base on what you see
beside him getting married or not its none of your business
Jess Ng specially if you’re an introvert
I can vouch on this since my uncle who lives in HK have a small apartment flat just like them. I remember my family visiting his place for the summer during my childhood and we (a total of 5 people) had to live in a cramp space. It was doable since most of the time you will be out in the city. It is much more convenient to eat outside since it is fast and cheap. I can’t imagine paying those insane amount of rent per month for these types of living condition but luckily my uncle’s place is owned since that apartment space was bought years and years ago when my dad used to there in HK with his family.
what I learnt in this video is, while people around world WANT to buy a house, people in HONG KONG WANT to TRY to buy a house..
Huh?
Meh?
Sex?
Ok
Eh?
I’m so grateful in America apartments aren’t this exaggerated in price it looks crazy expensive
These peopl are still living way way better than the people in cages
Pretty much the same in America.
“Tight squeeze for American young professionals” coming soon!
Many tycoon in HK come from real estate sector, making the housing cost for ordinary HKongers way too insane to bear. Pigeon has a much bigger living space than you in HK.
How to win the game of housing in Hong Kong?
Have rich mama and papa
Easy
Or move out Hong kong
Yes, Hong Kong apartments are super duper small!!! I’m from HK and My family lived in a apartment with 2 bedrooms 1 bathroom and a kitchen, I have 5 siblings including me.
All big city have same problem new York Mumbai Singapore buying property in mars in cheap then buying property in this city😪😪😪😪
I used to be a poor NYC student. Those apartments seem way nicer and spacier than what I could afford in the city.
I’m so glad I left nyc
I guess with hk's crowding and prices. At this point, theyre at least lucky to have their own place to stay.
Okay I don't know if it's because I come from Singapore (second most expensive housing in the world) but the fact that he can own a flat at 25 is pretty amazing because in Singapore you can't even apply/own public housing flats as a single (unmarried) applicant till you're 35 years old. And if you want to buy private property the starting price for a unit that size is also about $700k. Also I think having your own place for the price the woman paid is also okay hahaha but I think this is just because I'm from Singapore and the rental/housing prices are quite similar. The only advantage is if you get married that's why in Singapore people apply for houses before they get married so they can own property at a younger age (before 35).
I love his apartment, just not for that price
Cosy and small. Easy to maintain.
You have to be extra creative and resourceful when you're living in a tight space.
His space wasn't small, it was just poorly designed with a bunch of sliders and too much stuff that make it seem like a storage room
$765,000 USD for that!?
A sardine can 😢
How on earth do disabled people who use a wheelchair like me manage? There's no way we'd fit. That's on top of the fact that we have a higher likelihood of being unable to work as much, so less income, and higher costs!
I don't understand why we are living in smaller places. It's just insane how people live so tight. I've seen some data available at cia world factbook about land use. In Brazil, 62% of the total area of the country is covered by native forest, 33% is covered by agricultural and pecuary purposes, while 210 million people get concentrated in just 5.2% that is covered by urban areas like cities. That's just insane !
Enzo Lupert a lot of the land currently not used for housing isn't suitable for it to begin with.
Yes, I understand that, but would think that living in small places with barely conditions such as most people who live in great areas around India and Bangladesh for example, with no sanitation facilities, where the population density gets over 30.000 people per square mile is suitable ?
Rata 4U , So wouldn't it be better if we start to control births instead of having a lot of kids like people still have nowadays ? Also, some insects are facing extinction, actually where I live, mosquitoes are increasing every year and now they are still alive even with low temperatures. Nobody own lands, the governments own lands, because everyone think that just because they have a title of a house or a property in their names, they think it's theirs, but you still have to pay property taxes yearly and also, there are some things that you can't even do inside your fences, taking the risks of receiving a ticket or being arrested. Would you like to be put into a condo ?
There are documentaries on Brazil that you mind find interesting. Honestly it's the geography that's limiting but they're trying to change that.
Is this supposed to be sad? While im watching this from my $150/year house..
These are moments when you can proudly say that you live in a 1BHK apartment, the catch is however the bedroom, hall and kitchen are all one, more like a studio apartment but 1 BHK
That first guys apartment wasn't horrible. He had a sink and a range and a microwave and room for a rice cooker. That washing machine was most impressive. I would be happier spending more money for less space if I had freedom rather than getting bullied to buy a house with someone that I hardly know.
yea all your years of hard work goes to a flat you "own". when you die, do u really own anything? and that's where you put a huge chunk of your energy and time.
No but at least you can pass it down tonyour children sonthey dont have to work sonlong to buy a tiny space and can focis on building something bigger
Salute to your thinking
I own a much smaller condo and I was happy in it. Easy to clean, I cant invite guests, my condo fees are low and I can afford to keep it empty. Small is not always bad. I plan to go back to it if I'm still single when I retire.
Nice, I felt a bit embarrassed for seeing those benefits so thanks for validating my thoughts
Same as Dubai. I work there before, 16 people in a flat with 2 washrooms and 1 kitchen.
It’s nice to have this apartment for your life. Mansion or big house won’t make you so happy coz I would feel less secure and cleaning is stressing me out so think and peace, stay simple life all the time
I would like to live in Hong Kong, but I cant. You know why?
You said it, the rent in too DAMN HIGH!!!!
Dodged a bullet!
The music makes it sound like he's living in a slum with no running water
The people all living on the pedestrian bridge almost have more space
Small space is not actually a problem, but small space with higher cost is the PROBLEM
His flat looks way more spacious than the one which my family of 3 people used to live in.
I live in HK and sadly, I think the guy’s apartment is relatively spacious…
I m studying overseas but i m from india and we have very big houses there, we live in a countryside, and our town is surrounded by sugarcane and paddy fields. Watching this really makes me feel much more grateful for what I have.
life is so hard in here, only thing people can do is birth-control
I became a digital nomad because living like this in NYC was no longer acceptable. I was paying 1750 USD for a studio apartment. This is utterly horrifying.
It sounds like they need to get creative and either create infrastructure of sort either underground, underwater, or above the water
if i lived like that i'd be rioting too
Sad thing is they are protesting for basic rights n democracy, nth but the verdict charge close to a riot
@@cyminnielau lolll finally there is someone who understands our situation
$60.000 Hongkong dollar ?? And he live at that place ?? Hongkong properties is that expensive ? He will live in luxurious house or apartment if he move to Indonesia
Yaaa u r righttt even if we earn more, we still have to spend like our entire spending just to buy a tiny flat
imagine living in one of these during lockdown, it would be emotionally tiring
Hong Kong is a place for those who could be rich, not for those that want to live happily
In the age of "free range" chickens, let's box in humans, One giant step for mankind. Isn't progress wonderful.
Ikr
I suppose that first guy's apt is fine if he intends to be single forever. Can't imagine trying to start a family like that.
The age of ownership for HK citizens ended when there was an influx of mainland money.
How will they get married and have children in the condition like that.🤔
People in the United States just don’t understand how blessed our country is. If a house or living situation is too expensive we have the luxury to get a cheaper home further away from the city. People in Hong Kong will never have that luxury.
Be happy for what you have not get mad for what you dont have