Pan Helin (

Time Weekly): To be frank, the “six wallets” idea raised by Fan Gang actually complements the Chinese house purchasing plan. For most young people, they have no choice but to buy houses in this way. Buying a house has always been a significant project for Chinese families, becoming an urgent task for young people once they settle down with a secure job, particularly when they are approaching marriage. They seek high-quality houses in good locations which can bring them good educational and medical resources. However, they need enough money to buy these expensive houses. Obviously, for newly employed young people, they can hardly afford these high prices and even after paying the down payment, the monthly mortgage will be a huge burden.

In fact, young people in China have long been plagued and oppressed by the exorbitant housing market that is growing into a social issue. There is a saying spreading on the Internet: People born in the 1970s are able to buy houses on their own; those born in the 1980s can afford houses with the help of their parents; but those born in the 1990s cannot afford houses even with their parents’ support.

Thus, the young that can afford houses with “six wallets” are actually the lucky ones. Most people have only one or two “wallets” or even no “wallet” to bankroll a house purchase.

Living in big cities is attractive to the young because it offers a decent and high-quality life, therefore a great number of young people refuse to leave big cities. For these ambitious young people, a stable and secure life in a small town is not what they want, even without the burden of buying a house. What they really care about is to enrich their life with good opportunities and challenges which can only be found in metropolises. However, given this reality, they should also remember that their parents are not obligated to help them buy houses in these expensive, big cities.