Hong kong has been ranked as the least affordable real-estate market eight years in a row. As a result, many of it’s citizens live in tiny spaces. The cheapest option being the cage home, as multiple of them can fit into one, small room. The high prices aren’t caused by the lack of land to build on, but rather by poor land management. Another major factor influencing the cost of real-estate is the taxing system, which is very light. To compensate for this, the government needs to earn funds from selling land. Without a change in the taxing system, prices are expected to rise even more in future years.
To skyrocket
The price of bitcoin has skyrocketed in recent tears.
Crammed
I didn’t know that this many people could be crammed into just one bus.
To duke it out
The two, angry drunks went outside to duke it out.
Link to the video: https://m.youtube.com/watch?v=hLrFyjGZ9NU
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