

Because the area is preserved, the property values are VERY high --even though it looks poor and run down. Allen, our city guide, says that a courtyard "house" could sell for $1,000,000. I actually saw an article in the paper before we left telling of a Hutong house selling for a record price of about $1,300,000. Talk about sky-rocketing property values! Allen explained that in China there is a HUGE poor class, a large wealthy class and a very small middle class. The wealthy take advantage of the quiet, calm atmosphere of the Hutongs and enjoy living there even though they are old.


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