Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
Sure, people can afford their own homes, but that’s not what housing is for!
As an aside, I love that they have to stick the “worlds second largest economy” line in, despite by every metric China being the worlds largest economy.
As an aside, I love that they have to stick the “worlds second largest economy” line in, despite by every metric China being the worlds largest economy.
For those like me who didn’t understand: China is the first economy if we rank them by GDP PPP. USA is the first by nominal GDP. So depending if you use the definition of the WTO or the IMF, China or the USA is the first economy. But, what is funny is that even IMF says that the USA is the first economy and Chine the second. That doesn’t fit their own figures
despite by every metric China being the worlds largest economy.
Excuse me, while i agree thay are first in such meaningless metrics like production of basically everything or infrastructure or housing, but what about the most important metrics, like the stonks and financial instruments?
Their restraint is actually unbelievable and makes me question what I know about human resilience and dignity
It makes me feel like I am capable of incredible discipline
Seeing the tunnels makes me wonder about the future of civilization, about the projects we are capable of beyond capitalism’s dampening constraints, and the primitive ones before it
I could be wrong, but I think they’re referring to all the middle class Chinese who were using housing as an investment vehicle (cause that was a common thing in China to my understanding).
I did not know that, but I don’t think it matters. If you have 3 houses, even if they’re worth less, you have a place to live and the possibility to house 2 other families/even more. That is wealthy in my opinion, and it doesn’t really matter how much it “values” at.
It matters when all 3 of them are mortgaged and the mortgages are now more than their actual value.
(Before you blame the buyers for being dumb, realise that due to cultural context and other factors, pretty much the entire middle class is in this sort of situation).
Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
Reuters - News Source Context (Click to view Full Report)Information for Reuters:
> MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
> Wikipedia about this source
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