The story about a large Chinese family in Henan paying US$140 (about 5,000 baht) a day to stay in a hotel suite for over 200 days rather than buy a house has gone viral on social media.
The family of eight gave up their apartment and took a hotel room as their home because it was much more affordable and worry-free.
That news was discussed widely on social media, not least because the state of the world economy is resulting in a large number of people in various parts of the world finding it almost impossible to own their houses.
This so-called “Generation Rent” – young adults who opt to rent rather than own homes due to factors such as high property prices, economic challenges, or a preference for flexibility – has been growing in number and expanding from the United Kingdom, Germany and the Netherlands to various parts of the world including Asia.
In many Asian and…
