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One note, if you’re working for a top AI company in China, your quality of life other than work hours is already good enough to not to want to leave. It’s not 1990s/2000s anymore. Urban life in China, excluding pandemic times, is better than urban life in the states. The same applies to other sectors as well. Top talent is genuinely valued in China. |
Guess why most those recently emerged Chinese high tech companies (DeepSeek, Game Science, Unitree etc) are all located in Hangzhou? Because property prices are insane in tier-1 Chinese cities like Shanghai which is just 200km away from Hangzhou. You know it is a huge ponzi scheme when even those well paid high tech engineers couldn't afford a modest apartment in those major cities.
$3m USD buys you a 3 bedroom apartment in Shanghai next to a noisy main road, you have unlimited free supply of all types of pollutions. PM2.5 pollution was about 100 yesterday, any self respecting medical professional would suggest you to wear a mask when going outdoors in such environment well known for causing lung cancer. By moving to Hangzhou, you ONLY need to pay $1.5-$2m for the same shit.
Oh, btw, prices above are after the 30% drop. Just imagine how stupid it was before the crash. Of course you can jump up and lecture me how affordable it is to just spend like $1m to secure a nice family apartment of 40square meters built 60 years ago with disgusting everything inside of it.