Jakarta, CNBC Indonesia – When you have managed to own more than six property assets, maybe you will make one of them your residence. But that's not the case with this family.
As reported Oddity Central, a family in China instead chose to rent a luxury hotel in Nanyang, Henan. Reportedly, they will stay there for the rest of their lives.
The family, which consists of eight members, reportedly spent the equivalent of 1,000 Yuan or the equivalent of IDR 2.1 million every night to pay for the hotel room. Their decision to live there is because they don't have to worry about paying for electricity, water heating, household maintenance and parking.
“The room rental rate is 1,000 yuan per day. We as a family live comfortably. I never thought that this way of living could save money. I find everything enjoyable,” said a family member named Mu Xue.
Reportedly, the family had lived for 200 days at the hotel. And talking about their financial condition, they have healthy finances and have six property assets.
When the price of a hotel room doesn't burden your finances, go ahead
Property ownership will certainly incur various costs, especially if the property is renovated in such a way as to make it a suitable place to live. Apart from tax costs, issues regarding home maintenance and other emergency expenses must of course be prepared for.
Meanwhile, if you live in a rented residence, these costs are fully the responsibility of the residential owner, not the renter. Unless the damage appears to be caused by the tenant's actions.
Reflecting on the family's case, one thing that must be considered is of course the fluctuation in hotel room prices which tend to rise or fall in certain periods. And as time goes by, in the long term the average price of room rental will of course also increase.
When the rental price is not a financial burden, then it is not wrong to choose this way of life in the long term.
[Gambas:Video CNBC]
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