How’s Evergrande doing? What about Chinese property in general? All that ghost housing the population have sunk their savings into is appreciating nicely, yes? What’s the birth rate like in China now vs 60 years ago by the way? How’s that compare to other powers? What’s the average age of the Chinese population, again? And boy howdy the Uighurs are going to be glad the CCP aren’t into genocide.
It’s not a good idea to trust the numbers the CCP provides (if you can even get recent ones). I don’t pretend the US is good, but I’m not about to suck the dick of any country like you are just because they’re not America.
All that ghost housing the population have sunk their savings into is appreciating nicely, yes?
Funny how everyone complains about US investors sitting on property makes housing unaffordable and also complains that surplus housing in China makes housing a bad investment.
Are you trying to imply that everywhere is the same? Different places, different problems, different causes.
Surplus housing was built in China because the population needed a safe investment for their savings. The stock market is too volatile, and investing overseas is tightly controlled, so housing has been the choice because it lasts.
In the US, there’s a conflux of factors that’s led to a housing shortage, then the pandemic exacerbated that situation, and now spiking interest rates are making it unaffordable to move for the few who did manage to buy a home with their meagre resources. Then, of course, there’s institutional investment buying up single-family homes and driving up prices even more.
The point is that China is not some perfect übermensch, even compared to the US, and anyone claiming otherwise needs to be corrected.
Last I heard, Evergrade’s chairman was selling their luxury property to pay for the debt. And you guys are still calling planned cities ‘ghost housing’? Lmao. Cool name though. I’d say the US could learn from it, but they’re unlikely to do something that’s not profitable.
You do realize you can google things yourself, right? China’s demographics are similar to the US, though, afaik.
the Uighurs are going to be glad the CCP aren’t into genocide.
How’s Evergrande doing? What about Chinese property in general? All that ghost housing the population have sunk their savings into is appreciating nicely, yes? What’s the birth rate like in China now vs 60 years ago by the way? How’s that compare to other powers? What’s the average age of the Chinese population, again? And boy howdy the Uighurs are going to be glad the CCP aren’t into genocide.
It’s not a good idea to trust the numbers the CCP provides (if you can even get recent ones). I don’t pretend the US is good, but I’m not about to suck the dick of any country like you are just because they’re not America.
Funny how everyone complains about US investors sitting on property makes housing unaffordable and also complains that surplus housing in China makes housing a bad investment.
Everyone hates everything.
Are you trying to imply that everywhere is the same? Different places, different problems, different causes.
Surplus housing was built in China because the population needed a safe investment for their savings. The stock market is too volatile, and investing overseas is tightly controlled, so housing has been the choice because it lasts.
In the US, there’s a conflux of factors that’s led to a housing shortage, then the pandemic exacerbated that situation, and now spiking interest rates are making it unaffordable to move for the few who did manage to buy a home with their meagre resources. Then, of course, there’s institutional investment buying up single-family homes and driving up prices even more.
The point is that China is not some perfect übermensch, even compared to the US, and anyone claiming otherwise needs to be corrected.
Last I heard, Evergrade’s chairman was selling their luxury property to pay for the debt. And you guys are still calling planned cities ‘ghost housing’? Lmao. Cool name though. I’d say the US could learn from it, but they’re unlikely to do something that’s not profitable.
You do realize you can google things yourself, right? China’s demographics are similar to the US, though, afaik.
Like I said in another comment, even the US State department says there are no mass killings in Xinjiang, and those guys would love to report otherwise. It’s probably not good there, though. Bad Empanada looked into it, and there seems to be cultural repression going on. He has sources in the video’s description.
Here is an alternative Piped link(s):
Bad Empenada
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