Miguelito wrote:McPhisto wrote:LaudJohn wrote:Well, I finally got chinesed. Landlord is getting 5 Times the rent I paid. Managed to get a place half the size for twice the rent and it is a mates rate.
The going rental for studio apartments (approx 25sqm) is $500 per month that the Chinese pay in SHV now.
Why would anybody willingly pay that much more over current market value?
I don't have the answers to all of your other questions, but isn't LaudJohn's point that this is the new market rate?
LaudJohn wrote:Landlord is getting 5 Times the rent I paid. Managed to get a place half the size for twice the rent and it is a mates rate.
The going rental for studio apartments (approx 25sqm) is $500 per month that the Chinese pay in SHV now.
But how and why did the market rate spike 500% in such a relatively short time? Answer: Because the Chinese drove up the market rate 500% by willingly paying 5x what the previous tenants were paying for the same unit not very long ago.
So the general consensus here is that it's the online gambling that is raking in the money and the physical casinos are just a legal necessity in order to base their online gambling operations in Cambodia? But does online gambling require thousands of Chinese workers that then require so much housing which then drove up rents 500%? I dunno. I don't gamble online or offline. I assumed it was more technology, automation and computer programming, not human driven. Whateva.
I for one welcome our new Chinese overlords...and offer my service in the rounding up of others of my inferior race for extermination and/or enslavement in return for my continued freedom and a daily bowl of warm rice gruel.