Bamboo shoots originally meant that the owner was willing to "give away" his property for free, without down payment and mortgage. If the new owner takes a fancy to his property, he can transfer the ownership immediately as long as he is willing to continue the mortgage.
In fact, the so-called "gift" does not exist, but when the real estate market is depressed or the owners are short of money, some owners will sell their houses at a price hundreds of thousands or millions below the market price.
"Bamboo shoots" are mostly fake houses.
Many people first see a cheap and valuable house online, and then call the intermediary according to the contact information left above. As a result, the other party often tells that it has just been bought by other guests. This is obviously a false listing. Most of the listing information on the Internet that is obviously lower than the market price is fake. This information often misleads consumers and disrupts the market.
Once a cost-effective house enters the market, under the same conditions, most employees in the intermediary company will buy it themselves. Moreover, investors in the market are most concerned about these "bamboo shoots". According to their grasp of the market and accurate evaluation of housing prices for many years, they will be very crisp and neat as long as it is time to sell. And ordinary property buyers, even in the face of "bamboo shoots", decided to buy after some comparison, and this house has already been bought.