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Escaping real estate one wheel at a time

SHENZHEN, CHINA (AFP) – Chinese e-commerce worker, Twiggy He, has a home that is the envy of her colleagues – even if it is located in their office car park – with its open kitchen, bathtub and electric piano.

The cheery yellow refitted van, named “YOLO” (you only live once), gives He a commute of two minutes from bed to desk, and has saved her thousands of yuan a month in tech hub Shenzhen, one of China’s most expensive cities.

The 28-year-old is one of a growing number of young people in major cities who have taken one look at sky-high real estate prices and sought an alternative arrangement.

“I find living in an recreation vehicle (RV) to be very freeing,” said He, who moved in four months ago, told AFP.

“It doesn’t give me any anxiety about buying a house or make me feel I need to settle down… Maybe I’ll even move to a new city in a few years.”

Her monthly expenses have plummeted from when she rented an apartment, from around CNY2,500 a month to CNY600, with parking only CNY20 a day.

She does, though, have to rely on public facilities to use the toilet.

For Zhang Xi, who started living in an RV with his partner last May before opening a van renovation workshop, cost was the main push factor.

Twiggy He sitting in her recreation vehicle (RV) in Shenzhen city, in southern China. PHOTO: AFP

“Shenzhen’s property prices are beyond the reach of ordinary folks like me,” he told AFP.

A recent survey by a property research institute suggested Shenzhen’s rent-to-income ratio has reached up to 49 per cent, and buying is even worse.

On average, second-hand flats fetch CNY65,000 per square metre – nearly nine times the city’s average monthly salary in the private sector. Zhang and his wife plan to live in the van while they don’t have children, saving around CNY3,000 a month in rent and commuting.

They hope to put that money towards a down payment for a flat in a lower-tier city.

The walls of office worker Li Conghui’s homey white van are lined with bunk beds, and drawings and photographs of his children, who live with their mother in a different city.

His wider family disapprove of his unconventional living situation.

“My wife is the only one who isn’t against it,” Li said. “But others don’t understand where I’m coming from, they think it’s too unusual.”

Li has worked in Shenzhen for over a decade, but despite feeling like he still couldn’t get a sense of belonging in the city.

“When I was living in a rented room, I didn’t feel at home each time I went back,” he said.

“But the RV is different. When I am inside this private space, I feel a sense of belonging.”

Zhang agreed.

“It’s felt just like a home to us,” he said. “It’s truly a place that belongs to us in Shenzhen.”

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