Mistresses help keep the property bubble aloft in Beijing

Keeping a mistress is a normal part of life for successful Chinese businessmen and government officials, and in some ways they have become more visible in recent years, playing roles in corruption scandals and even, sometimes, turning in their lovers.

They and their big-spending partners may also be contributing to ever-increasing real estate prices in some of China’s biggest cities. That’s because these women, often from rural areas, are regularly kept in apartments that their lovers buy for them in urban centers, near his work or home. The practice has created entire neighborhoods of apartments in big Chinese cities filled with women who would otherwise be living at home with their families, or perhaps sharing a rental.

In a colorful article today London-based magazine Aeon, one “ernai” or “second woman” living in a $400,000 Beijing apartment explains:

Local estate agents target provincial officials and businessmen looking to put their money into Beijing’s property bubble, and the men fill up the apartments, bought as investments, with their women. ‘Half of the apartments are empty,’ she explained. ‘And the other half are full of girls.

Quantifying how many apartments there are housing mistresses in China is close to impossible, but the practice of having, and “keeping” a mistress is widespread among the wealthy. About 90% of the top officials brought down by corruption scandals had mistresses, a government report from 2007 found. One had 18, it suggested. “Keeping a mistress is just like playing golf,” one real estate developer who spent $6,100 a month to support a 20-year-old art major told The New York Times in 2011. “Both are expensive hobbies.”

The state-run Beijing Evening Daily estimated back in 2010 that there were 200,000 mistresses living in apartments in Beijing alone, and said that if they could be driven out of the city as part of an on-going prostitution drive, there would be a “turning point” in housing prices there.

Since then, home prices have only gone way, way up.

SOS

Malaysian properties price are getting higher and higher, thoughts?

very interesting news

got 1 joke...

he buy 400k condo to his 2nd waifu and give her 3k per month

after 3 year he broke with his 2nd waifu and sell his house

that time that condo worth 600k

he get free private piap piap service for 3 years + free maintenance and get back some cash

This post has been edited by fantasy1989: Oct 11 2013, 09:04 AM

Malaysia's full of mistresses

I like this

. ‘Half of the apartments are empty,’ she explained. ‘And the other half are full of girls.

Only problem is heavy initial investment. But for richflag, sap sap sui....

if they convert can marry 4 and price of house increase more.

In Bolehland yes... but I am not sure if in China, even if somebody oredi converted, he can have official 4 wifu.

limited 4 only,mistresses is infinity

u're the man

can keep track with all those siham ah?

Create excel spreadsheet to organize.

as long as u got money,u can afford as many as u like

wimminz as long as got money no b****in about being manipulated. lol typical

^ this

noritta murder case @ mont kiara....she is PT GRO and mistress to VIP...in the end is it jealously that killed her...nothing was stollen.

so long they have good business sense with nice ROI..then why not..

ooh..that malay chick right? she's quite hawt looking eh..!! but oh well...