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I read an interesting story from my colleagues, published in Rossiyskaya Gazeta (RG) about how a Chinese man bought a two-room apartment on sale for only 140 rubles.

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I read an interesting story from my colleagues, published in Rossiyskaya Gazeta (RG) about how a Chinese man bought a two-room apartment on sale for only 140 rubles.

But the RG, as an official body of the government of the Russian Federation, would not be itself if it was not immediately, sorry, s*** on this story, adding:.

"Lawyers warn that extremely low-priced items in these sales often hide legal issues, unpaid utility bills or debts from previous owners."

Let's find out!

In reality, it was an official promotion from Alibaba's Singles Day auction site, not a sale of distressed housing.

The difference in the price of the apartment was paid by the auction organizer himself, but the buyer will have to pay a tax of about 24 thousand rubles.

How it really happened, according to the South China Morning Post:

The conditions of the sale.

The lot was put up for sale at an Alibaba auction on 11/11 with a starting price of 1 yuan and a hard bid ceiling of 11 yuan. 1,677 people participated in the auction, and the winner was the one who was the first to press the button with the maximum bid.

Where does this price come from?

The market value of this two-room apartment in Henggang City is about 40,000 yuan (about $5,600). The prices do not surprise you?

The Alibaba platform itself covered the difference for the seller as an advertising budget to draw attention to the sale.

Buyer's actual expenses.

In addition to the nominal 11 yuan (about 140 rubles), the new owner has to pay a mandatory state tax for registering property rights. It is about 2,000 yuan (about 300 dollars or 24 thousand rubles).

Purity of character (hello RG!).

The auction representatives officially confirmed that the apartment was "clean" and was not controlled for debts.

RG's comment is a general statement about the risks of buying cheap confiscated goods at regular auctions that has nothing to do with this particular sale.

Why the garden?

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