Recently, the topic of “buying 8 houses for 100,000 yuan” and “buying a house for a thousand yuan” in Hebi City of Henan province has sparked heated discussion online. It’s important to know that although housing prices are falling, even in third and fourth tier cities, the average price of a house is not less than 5,000 yuan per square meter, let alone tens of thousands of yuan per square meter in first-tier cities. So, why are houses in Hebi city so cheap? According to mainland media reports, from October
