So, your landlord is waiting for the market to crash rather than find someone to buy the place and still walk away with a possibly decent profit? Or did he purchase the home at an inflated price to begin with?
It's been hard in China. The realestate prices are heavily inflated and nobody wants to buy at the moment. Prices are already dropping. Selling is really hard.
When you bought a property in the last few years, selling it now means taking a loss.
It's not just that. The real estate companies collude to keep prices high, and won't let landlords consider lowering their prices (they won't market the house, and you can't really market it yourself for some reason). A lot of craziness in this sector, something has to give.
When you bought a property in the last few years, selling it now means taking a loss.