Core Viewpoint - The article discusses the changing perception and increasing interest of young people, particularly "Beijing drifters," in purchasing old and dilapidated apartments (referred to as "老破小") in Beijing, as these properties have become more affordable and accessible amidst declining prices [3][5][7]. Group 1: Market Trends - The prices of old apartments in key areas of Beijing, such as East Third Ring, have dropped significantly, with some properties now priced below 2 million yuan [7][9]. - Young people are increasingly viewing these old apartments as viable options for homeownership, especially as new properties in the suburbs are perceived as too remote and expensive [5][9]. - The decline in prices has led to a shift in mindset, with many young buyers considering these properties as "just need" homes rather than investments [16][32]. Group 2: Buyer Demographics - Many young professionals, including those with stable jobs and decent salaries, are opting to buy old apartments instead of renting, as the cost of ownership can be more favorable than paying rent [11][14]. - Individuals who previously planned to leave Beijing are now reconsidering their options due to the affordability of old apartments, leading to a surge in interest among first-time buyers [13][14]. Group 3: Lifestyle Considerations - Living in old apartments allows for a more convenient lifestyle, with shorter commutes to work and access to urban amenities, which is increasingly appealing to young professionals [19][27]. - The community aspect of old neighborhoods, often populated by long-term residents, contributes to a stable living environment, which is attractive to buyers [27][30]. Group 4: Renovation Potential - Many buyers are willing to invest in renovations to improve the living conditions of old apartments, seeing it as a more manageable option than purchasing new properties at a higher cost [24][22]. - The trend of transforming old apartments into stylish living spaces is gaining popularity, with some buyers even sharing their renovation journeys online [24][22]. Group 5: Future Outlook - Despite concerns about the long-term value of old apartments, many buyers are focusing on the immediate benefits of homeownership and the practicality of living in central locations [16][32]. - The article suggests that as urban development continues, the appeal of old apartments may increase, especially if renovations and community improvements are made [20][34].