China keeping rent low and housing affordable is the reason why the West thinks China's economy is collapsing. They can't comprehend a world where the economy doesn't prioritize the rich.
China keeping rent low and housing affordable is the reason why the West thinks China's economy is collapsing. They can't comprehend a world where the economy doesn't prioritize the rich.
No, the west tells us their economy is collapsing because they can’t have a communist nation look good. So they lie.
30Capitalists interpret the health of an economy by how much CSAM they can buy within it.
21They also can't comprehend an economy based on actual production, not magic numbers on a computer screen.
17I would argue that statement here is misleading.
Popular Chinese movies acknowledge high price of real estate in large cities. All theses movies are available in US, have subtitles in English and can be accessed using popular streaming services.
Examples:
Some of dialogue involving parents, if i recall right:
https://en.m.wikipedia.org/wiki/Love_O2O_(TV_series)
In the following show lower income aerospace engineer and high income actress. They directly state that he could not afford small apartment if not for money grant for being the best:
-15The dates on the shows are 2016 and 2021, and as we can see the real estate really starts winding down around 2022. The housing prices are naturally going to lag as well. So, I don't think there's any contradiction here.
27Movies aren't the same as reality, you know.
23But they're based in it. Especially dramas or soap operas which work because people relate to the characters or at least realize that what they're going through can happen in the world. A silly example: a Cuban wouldn't make Breaking Bad because why would the protagonist need to find cash for his treatment or kids, when healthcare and education are free?
So while we can't tell how widespread the issues in those dramas are, it's valid to say that they do appear in China (or appeared when they were created).
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Tier 2 and even tier 3 cities in China seem pretty liveable from the vlogs I have seen. Cities having high costs/rents is a problem but it's not a problem as bad as in, say, India where the urban-rural disparity is much more stark.
20Tier 1 is fine too, rent in Shenzen is 80% lower compartively to London, and its larger than London too.
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The 'for living' doesn't mean free, means affordable for the average person/family living there.
But yes, dense city centres all over the world have about the same problem (since ancient times, up until railways & commuting, when for a bit poor/working class people lived outside the city).
Even in sci-fi movies the top few hundred floors are nice, all the other floors never get daylight or even a sense of where the sun is. Especially if there are roads/allies/"streets" between floors on various levels.
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If this is true, why are the Chinese buying real estate all over the globe? Something’s not adding up here.
-20It's not the Chinese buying real estate in the west, it's Chinese capitalists. A lot of Hong Kong bourgeois for example have been buying property in and in many cases have moved to the west since 1997, since they're terrified of losing their extortionate privilege of property ownership under the dictatorship of the proletariat.
Working class Chinese people, while on average wealthier than their western working class counterparts, do not have the capital nor the material interest to buy real estate in the west, whether for speculation or to move their ill gotten gains out of China.
41Because houses are used for speculation in the countries where they are buying them
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