(China Daily)
Updated: 2007-01-19 09:39

A young man in Zhengzhou, central China'sHenanProvince is desperately trying to sell his dream house after the New Year, unable to bear the heavy burden of paying off a bank loan.

The man, surnamed Wang, bought a 140-square-meter forward-delivery house in 2004 after school graduation, a local newspaper reported, paying a 200,000 yuan down-payment with help from his parents.

Now he is strapped for cash as he pays over 2,400 yuan a month for the unfinished house and spends hundreds more in renting a place to live, but he and his girlfriend earn only 4,000 yuan a month.

Wang hopes to buy a smaller house after he sells the big one. According to the local government, at least 300 people in the city are in similar straits to Wang and changed into smaller houses last year.