NYT: Missing out on a real estate boom

Chinese parents will help a male relative buy a home before a daughter. Searching real estate listings in Hong Kong. (ALEX HOFFORD FOR THE INTERNATIONAL HERALD TRIBUNE)

Chinese parents will help a male relative buy a home before a daughter. Searching real estate listings in Hong Kong. (ALEX HOFFORD FOR THE INTERNATIONAL HERALD TRIBUNE)

SHANGHAI — Wendy is a sales manager in Shanghai, and until last year, she was in control of her destiny. Wendy, whose name has been changed to protect her identity, had saved tens of thousands of yuan after graduating from a university and was about to realize her dream of home ownership by making a down payment on an apartment in Shanghai. Then her parents persuaded her to help her male cousin buy a house instead.