- Aug 18, 2009
The house owners fail to agree on the compensation with the authority and refuse to move.
in fact, the total compensation is 260,000 Yuan($41,000)+3 Apartments,where one apartment usually is worth over 1,000,000RMB($150,000).Luo, 67, had just completed his house at a cost of about 600,000 yuan ($95,000) when the government approached him with their standard offer of 220,000 ($35,000) to move out — which he refused, Chen has previously said. The offer then went up to 260,000 yuan ($41,000) last week.
you forget all the pressure he went through.that is to say, Luo has got a compensation of over $500,000[cash $41000+3 apartments(unit price: $150,000) for its crappy house....
well, as reported, the cost of the house is only 95000USD while Luo got over $500,000 compensation.....you forget all the pressure he went through.
When you will build something out of your blood and sweat, it is not easy to give up.
I remember setting up of my first office, from rented property. finally one of my partner bought it.
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