It’s true there’s a lot of unfinished apartments, and imo it’s true that’s a big problem (or a symptom of a larger issue). But I don’t think it’s unfinished apartments are a bigger problem than lack of home ownership in the West
Nobody can buy land in china, it is only leased from the government for up to 70 years for residential usage (less for other purposes). Calling the tofu-dreg building on top of this “owning a home” is disingenuous at best and deceitful at worst. Why do people buy homes anyway instead of renting? Because all other options to invest are even worse and it is literally their only option.
I hope you don’t tolerate how mega corps “sell” you shit like digital media or IoT devices only to later change the terms of sale and steal it back from you, because you never really owned it. Don’t tolerate the same shit if a government does it to you.
Let’s not pertend that this is because China has socialized housing. They used to do decades ago, but abolished for a long time.
In fact, China has one of the highest home price to income ratio (ratio of median apartment prices to median familial disposable income, expressed as years of income) in the world: https://www.numbeo.com/property-investment/rankings_by_country.jsp . Chinese people will need 30 years of disposible income to purchase an apartment; compare to 3 in the U.S., 7 in neterland, 11 in France, and 9 in U.K.
The high home ownership rate is likely due to 1. false report, 2. saving culture. In China parents typically have a good amount of saving to provide child a home upon their marriage etc. even though apartments in Beijing can easily cost double than a major U.S. city, and people in Beijing probably earn half as much.
Chinese people will need 30 years of disposible income to purchase an apartment; compare to 3 in the U.S.
Who can afford a condo with 3 years disposable income in the US? My spouse and I make above average money in a below average cost city and we couldn’t afford a condo here.
I think the definition of “disposable income” likely means the wage that reaches your bank account, i.e. wage - 401k, insurance etc.
In major city, this ratio is likely higher, but certainly no where near 30, but this data includes all of U.S. including rural areas with crazy cheap housing.
In fact, it is quite easy to get more “realistic” statistics just by looking up the median wage and housing price in Boston, New York, Seattle, LA etc. v.s. Beijing, Shanghai, Guangzhou, Shenzhen etc.
If you are so eager to defend an authoritarian government, I believe it is better to present statistics with source, instead of just resort to your experience.
What statistics will you use? use wage - CPI? No matter what you use, I listed the Beijing median income, and beijing housing price. Unless you think making $10 per hour can somehow buy a 700k apartment, grabbing on the precise definition of one statistics doesn’t seem helpful to this discussion.
And you cannot deny the situation in the U.S. is not better than needing to buy 700k apartment with $10 wages.
Honestly, I am quite surprised how low tankies are willing to go to defend China. As a Chinese, it is very disheartening to me that people have never experienced or seen the suffering of living under an authoritarian government, are more willing to blindly defend it, than having a intellectual discussion.
Honestly, I am quite surprised how low tankies are willing to go to defend China. As a Chinese, it is very disheartening to me that people have never experienced or seen the suffering of living under an authoritarian government, are more willing to blindly defend it, than having a intellectual discussion.
Compare the prison population of the US to China’s lol.
It is hard to imagine that an adult talks like this. People points out most Chinese own homes, as if it is some policies that the west can learn from. I pointed out the stats that proved it is more about culture than China’s housing market.
Yet you are here just side stepping every way, accusing unrelated stuff, just to defend the CCP. I used to think tankies are just misinformed, but you have proved that you are simply vile and unwilling to accept.
It is totally okay with me that there are evil people that are unwilling to accept adult discussions; I just feel dishearten about other people misled by your propaganda, simply because they, in their good nature, decides to trust your posts and comments.
There is no point in continuing this discussion, since you clearly are not in good faith. See you in my block list. Bye.
Honestly, I am quite surprised how low tankies are willing to go to defend China. As a Chinese, it is very disheartening to me that people have never experienced or seen the suffering of living under an authoritarian government, are more willing to blindly defend it
There are literally some “tankies” on hexbear that are in China and posting from China right now. @[email protected]. There are some users here who are Chinese and grew up there (not sure if they’d want to be tagged though). There are journalists who decided to go live there in part because of how much more freedom they are afforded there, people like Ben Norton, who you would probably also label a “tankie.” All of whom can attest to how baseless and sinophobic all the fabricated “suffering of living under an authoritarian government” stories really are. We aren’t all just clueless westerners, but your assumption that we are is also telling.
There are certainly different people with different preferences, and most Chinese people are indeed fine with CCP. A dictatorship has an obvious need to maintain many nationalist, so it is not surprising that you can find Chinese who loves CCP.
Many people are more than willing to turn a blind eye on all the artists, journalist, and lawyer, who were arrested, since it has nothing to do when them. This is a emotional topics for me, because one of my highschool classmate has been seperated from her father, for he was advocating more transparent laws and enforcement.
Of course, you don’t need to believe me, or people on mastodon, or journalist from all “mainstream media”; and just trust people on hexbear. But that will likely be no different from people who only believe fox news and infowars.
There are certainly different people with different preferences, and most Chinese people are indeed fine with CCP. A dictatorship has an obvious need to maintain many nationalist, so it is not surprising that you can find Chinese who loves CCP.
Lol “it’s no surprise the vast majority of people approve of and appreciate their government, since a dictatorship has to be maintained.” Yeah, what an awful, terrible dictatorship that rules with such an iron fist that it forced the approval and support of over 90% of the population. Clearly, in any real democracy, everyone hates their government, like the in the US. You sinophobic liberals are such a transparent joke.
Many people are more than willing to turn a blind eye on all the artists, journalist, and lawyer, who were arrested, since it has nothing to do when them. This is a emotional topics for me, because one of my highschool classmate has been seperated from her father, for he was advocating more transparent laws and enforcement.
And the lead protesters in the US who advocated for… the state to stop murdering black people openly in the street were themselves murdered and disappeared. It’s an emotional topic for me since people I knew in school were beaten half to death and permanently blinded by the police. The US is an infinitely more heinous dictatorship than China, violently suppressing anyone it deems a threat, while pretending they have “freedom” because they don’t crack down on the ones that are of no threat.
There are plenty of Chinese mastodon instance. Go there talk to them and see what they think.
I don’t need to, I can and do talk to plenty of people from and currently in China. Even a few irl!
Of course, you don’t need to believe me, or people on mastodon, or journalist from all “mainstream media”; and just trust people on hexbear. But that will likely be no different from people who only believe fox news and infowars.
It’s not about trusting people on hexbear, it’s about trusting the population of China, which again has overwhelming support for the CPC. It’s also about being able to plainly see what the CPC does both domestically and internationally. I trust the Chinese people.
70% of Chinese Millennials are homeowners
China’s overall homeownership rates
Reached 90% in 2018
@Alsephina @Juice Isn’t their bigger problem having too many unfinished apartments? Many more than are needed.
(And are those rates including those who own apartments that will never be completed?)
It’s true there’s a lot of unfinished apartments, and imo it’s true that’s a big problem (or a symptom of a larger issue). But I don’t think it’s unfinished apartments are a bigger problem than lack of home ownership in the West
@OsrsNeedsF2P I meant a bigger problem in China
Nobody can buy land in china, it is only leased from the government for up to 70 years for residential usage (less for other purposes). Calling the tofu-dreg building on top of this “owning a home” is disingenuous at best and deceitful at worst. Why do people buy homes anyway instead of renting? Because all other options to invest are even worse and it is literally their only option.
I hope you don’t tolerate how mega corps “sell” you shit like digital media or IoT devices only to later change the terms of sale and steal it back from you, because you never really owned it. Don’t tolerate the same shit if a government does it to you.
deleted by creator
Let’s not pertend that this is because China has socialized housing. They used to do decades ago, but abolished for a long time.
In fact, China has one of the highest home price to income ratio (ratio of median apartment prices to median familial disposable income, expressed as years of income) in the world: https://www.numbeo.com/property-investment/rankings_by_country.jsp . Chinese people will need 30 years of disposible income to purchase an apartment; compare to 3 in the U.S., 7 in neterland, 11 in France, and 9 in U.K.
The high home ownership rate is likely due to 1. false report, 2. saving culture. In China parents typically have a good amount of saving to provide child a home upon their marriage etc. even though apartments in Beijing can easily cost double than a major U.S. city, and people in Beijing probably earn half as much.
Who can afford a condo with 3 years disposable income in the US? My spouse and I make above average money in a below average cost city and we couldn’t afford a condo here.
I think the definition of “disposable income” likely means the wage that reaches your bank account, i.e. wage - 401k, insurance etc.
In major city, this ratio is likely higher, but certainly no where near 30, but this data includes all of U.S. including rural areas with crazy cheap housing.
In fact, it is quite easy to get more “realistic” statistics just by looking up the median wage and housing price in Boston, New York, Seattle, LA etc. v.s. Beijing, Shanghai, Guangzhou, Shenzhen etc.
If you are so eager to defend an authoritarian government, I believe it is better to present statistics with source, instead of just resort to your experience.
Well ain’t that a shit definition then
What statistics will you use? use wage - CPI? No matter what you use, I listed the Beijing median income, and beijing housing price. Unless you think making $10 per hour can somehow buy a 700k apartment, grabbing on the precise definition of one statistics doesn’t seem helpful to this discussion.
And you cannot deny the situation in the U.S. is not better than needing to buy 700k apartment with $10 wages.
Honestly, I am quite surprised how low tankies are willing to go to defend China. As a Chinese, it is very disheartening to me that people have never experienced or seen the suffering of living under an authoritarian government, are more willing to blindly defend it, than having a intellectual discussion.
Compare the prison population of the US to China’s lol.
It is hard to imagine that an adult talks like this. People points out most Chinese own homes, as if it is some policies that the west can learn from. I pointed out the stats that proved it is more about culture than China’s housing market.
Yet you are here just side stepping every way, accusing unrelated stuff, just to defend the CCP. I used to think tankies are just misinformed, but you have proved that you are simply vile and unwilling to accept.
It is totally okay with me that there are evil people that are unwilling to accept adult discussions; I just feel dishearten about other people misled by your propaganda, simply because they, in their good nature, decides to trust your posts and comments.
There is no point in continuing this discussion, since you clearly are not in good faith. See you in my block list. Bye.
Looks like someone couldn’t handle some actual statistics when presented with them.
There are literally some “tankies” on hexbear that are in China and posting from China right now. @[email protected]. There are some users here who are Chinese and grew up there (not sure if they’d want to be tagged though). There are journalists who decided to go live there in part because of how much more freedom they are afforded there, people like Ben Norton, who you would probably also label a “tankie.” All of whom can attest to how baseless and sinophobic all the fabricated “suffering of living under an authoritarian government” stories really are. We aren’t all just clueless westerners, but your assumption that we are is also telling.
I’m eating breakfast in Chengdu. I’m so oppressed right now.
There are certainly different people with different preferences, and most Chinese people are indeed fine with CCP. A dictatorship has an obvious need to maintain many nationalist, so it is not surprising that you can find Chinese who loves CCP.
Many people are more than willing to turn a blind eye on all the artists, journalist, and lawyer, who were arrested, since it has nothing to do when them. This is a emotional topics for me, because one of my highschool classmate has been seperated from her father, for he was advocating more transparent laws and enforcement.
There are plenty of Chinese mastodon instance, like https://douchi.space/explore, https://mstdn.moe/about, https://m.cmx.im/explore. Go there talk to them and see what they think.
Of course, you don’t need to believe me, or people on mastodon, or journalist from all “mainstream media”; and just trust people on hexbear. But that will likely be no different from people who only believe fox news and infowars.
Lol “it’s no surprise the vast majority of people approve of and appreciate their government, since a dictatorship has to be maintained.” Yeah, what an awful, terrible dictatorship that rules with such an iron fist that it forced the approval and support of over 90% of the population. Clearly, in any real democracy, everyone hates their government, like the in the US. You sinophobic liberals are such a transparent joke.
And the lead protesters in the US who advocated for… the state to stop murdering black people openly in the street were themselves murdered and disappeared. It’s an emotional topic for me since people I knew in school were beaten half to death and permanently blinded by the police. The US is an infinitely more heinous dictatorship than China, violently suppressing anyone it deems a threat, while pretending they have “freedom” because they don’t crack down on the ones that are of no threat.
I don’t need to, I can and do talk to plenty of people from and currently in China. Even a few irl!
It’s not about trusting people on hexbear, it’s about trusting the population of China, which again has overwhelming support for the CPC. It’s also about being able to plainly see what the CPC does both domestically and internationally. I trust the Chinese people.
Also a housing bubble and real estate being one of the few investment vehicles available to regular chinese.