8legs: Qidong, china

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As China's economy slows, some are snapping up cheap apartments to 'retire' early

Young Chinese workers are moving from megacities to cheaper towns as the economy cools and unemployment rises.
The Life in Venice project now hosts mostly vacant units, yet a few residents still live there for its low rent and sea views.
One resident, Chen, pays about 168 dollars monthly and plans to live there long-term without working.
Experts say moving to cheaper towns is part of a broader trend away from the traditional city-driven ascent.
Some young people join the 'lying flat' movement, rejecting the corporate race for a low-desire lifestyle.
Housing in new towns can cost far less than in big cities, enabling longer retirement and fewer work hours.
The market downturn left Evergrande bankrupt in 2024 and reduced demand for the estate.
Young workers cite long hours in big firms as a reason to pursue life farther from urban centers.
Some relocate to towns like Hegang where housing is cheaper than cars, expanding options for buyers.
Analysts note the exodus reflects a shift in expectations amid slowed growth and rising costs.

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