Are you aware of the fact that right now China is on a housing crisis of its own, brought on by the fact that most households have no way to create an investment of their own to save for retirement, except for real estate, leading to some of the highest prices in the world?
If you actually choose to bother to check out pricing in most Chinese cities, you would come to realise that the pricing is very similar to the London center. When you consider that the average salary in China is much lower than in the UK, most Chinese are only able to buy houses with help from their parents and grandparents. Add to that the lack of balance between genders due to the ruinous one child policy, and the cultural norm of property being a requirement before even trying to propose to someone, and you got a housing bubble that looks set to burst.
Most current state put them at 40 trillion yuan in mortgages (5.5 trillion USD)
And their home ownership rates aren’t surprising when you consider how they have been pre-selling homes before they are even built. Which is backfiring horribly with those housing companies going under because they can’t finish the homes fast enough.
Most current state put them at 40 trillion yuan in mortgages (5.5 trillion USD)
If you had a clue regarding the subject you’re opining on, then you’d understand that these figures aren’t mutually exclusive. Vast majority of people in China own their primary homes, that’s where 80% ownership comes from. In additions, people and companies buy up secondary properties, which is where the mortgages come from.
backfiring horribly with those housing companies going under because they can’t finish the homes fast enough
Do elaborate how it’s backfiring on anybody but the financial capitalists who invested in these ventures.
I literally quoted a mainstream western article explaining that this is the case and even going into detail of how and why this is the case. Are you trying to claim that Forbes is shilling for China here and making things up?
Are you suggesting that the rate of home ownership in China has changed in any substantial way in the past 7 years. If so please do provide citations to support your claims. Otherwise, feel free to go trolling in a different thread lmao.
I already did. The statista link from before shows new home sales falling off a cliff over the last couple years. Probably due to all the problems the big sellers like evergrande have been seeing
I’ve literally addressed this already above. Your links are not showing that home ownership is falling off, they’re showing that people are buying less homes now. Which is something you’d expect to be the case when most people already own a home. The only people buying homes now are the ones investing in them as secondary properties. It’s incredible that you can’t wrap your head around this.
Closets have no need to worry about being phased out so long as there are Republican politicians who secretly love LGBTQ+ sex. “It’s happened so many times that it’s almost become predictable at this point. The louder someone is about the righteous conservative Christian lifestyle they’re leading, the more likely they are to be stepping out on their wives or having secret gay affairs because if there is one thing you can count on in life, it’s for Republicans not to practice what they preach.”
Great idea for when you start in IT! Always had trouble first year in my apprenticeship when i had accidentally opened vim. Ask for first time and after 2 months not used.
Rip-Software that can bypass Blu-ray protection can be really useful. Here’s a tutorial for digitalization of discs I can share: blu-ray rippen trotz kopierschutz freeware
I’ll add to the group saying things got better by 30. In my case having kids has helped me get my shit together and take better care of myself both physically and mentally.
Echoing the other comments here. It was right about when I hit 30 that I really started trying to live the life that I want for myself. I still have mental health issues to work through, and sometimes it’s been two steps forward, one step back, but at 37 I can honestly say it’s been an overall positive trajectory.
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