Tray buys 196 parking spots for two million
Wu, who resides in Changsha, purchased 196 parking spaces for 14 million yuan (around two million dollars) in a residential complex in Hunan Province in 2018. She invested in renting out and selling some of them as demand grew. After the area developed, residents sued her when she listed some of the spaces for sale at approximately $15,000 each and rented others out at doubled prices. The court ruled in favor of Wu, considering that everyone had the opportunity to buy the parking spaces and that she did not violate any laws.
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