Can i park my car in the power storage room of the shantytown renovation community

Can a car be parked in a self storage unit?

Not all self storage facilities allow parked cars in their units. If a facility permits vehicles, a 10'x15',\ 10'x20',\ or 10'x30' unit is advised for parking a car.

How many people will benefit from the shantytown renovation project?

At a State Council executive meeting in May, tasks for shantytown renovation during 2018-20 were decided, aimed at renovating 15 million shantytown houses. Nearly 50 million people will benefit from it. The shantytown renovation project is aimed at creating comfortable living conditions for people in poor conditions.

Why were shantytowns renovated?

The renovation of shantytowns was initially focused on enabling people to fully enjoy the fruits of China’s economic and social reforms. After 2008, the emphasis broadened to also address the global financial crisis.

Why is Shantytown renovation important in China?

A consultant from the World Bank said, “Shantytown renovation in China ensured housing, incomes, and interests of the poor population.” At the meeting on May 24, the government decided to build 6 million houses this year for residents in poor living conditions, and 15 million houses in shantytown areas will be renovated from 2018 to 2020.

Will the shantytown renovation program stimulate local speculation?

Households may purchase homes not for residence but for investment purposes, i.e., they expect the housing prices to go up. As people usually form expectation by extrapo-lation, the large-scale housing price movements induced by the cash-based resettlement of the shantytown renovation program could stimulate local speculation.

Does a shantytown renovation cause a housing market crash?

Housing regulation and macroprudential policies must account for the risk of hous-ing market crashes induced by the shantytown renovation program. Local governments, driven by short-term incentives, may excessively pursue shantytown renovation due to its immediate benefits in raising land prices and fiscal income.