Wealth Awakening
Is Buying an Old Apartment Financial Suicide? Inside the Low-Price Trap
A NT$10M old apartment isn't a bargain entry into homeownership — it's a slaughterhouse engineered by flippers and banks. Bank appraisals silently slash 20% off the price, loan terms shrink to 15 years, and the down payment gap balloons by NT$3M. Renovation black holes vaporize another NT$3M in cash. Flippers pocket NT$4M windfalls by hiding rot behind fake walls. Liquidity dries up and urban renewal stays a fantasy. See how the rich flip the game with presales and compound interest — and escape the death spiral designed for the poor.