How come amerimutts gouge their working class?
>>538669736It's a country built on hating everyone.
>>538669736How come Xi bail out CCP builder buddies by telling people to buy second and third house then destroy value of house and leave Chinese with high mortgage? Mortgage on unbuilt house and apartment?Why Chinese people get gouged and CCP get rich?
Holy fuck, communists are allowed to own homes and *checks notes* expect a profit on the value.
>>538669736You don't understand how fucked they are because of this. Yes they have cheap houses but it's a result of massive price crash in the only thing that was the reliable way to build wealth for average Chinese. Stock and bond market in China is junk tier because theres no real transparency in their businesses and ratings agencies are politicized so investment risk can't accurately be assessed. In China you cannot send money outside of the country to invest without written permission from the government. What this means in practice is that most people are forced to keep their money in a bank and earn basically zero interest because they have no alternative.This is what is called financial repression, where the government forces you to accept a rate of return on your cash that is well below the market rate while the government itself reaps those rewards. This is actually a core reason that the central government is wealthy in China is that they have engineered a system where the government forces the population, state-owned enterprises, and private businesses to park most of their money in state banks and pay them nothing in return while the government earns interest on it.Real estate was the only thing that let average people in China earn compounding gains and now they're just putting money in state run bank accounts and getting zero real rate of return.
>>538670393chinkoids abandoned thread after this trvth nvke
>>538669736Because you posted fake propaganda. China is a corrupt shithole that pumps tiktok twitter propaganda and still seethes non stop
>>538670393Good, death to speculators
Chinese speculate on houses overseas.Most buyers in BC, Canada are still overseas Chinese.
>>538669736>>538669816>>538669840>>538670127>>538670393>>538671815>>538671857Question for all anons itt: if you purchased a property for 350,000 dollars and the value went down to 300,000 dollars, would you feel angry? Some Polish anon made the point that only investors care about property value, because homeowners who live in their homes aren’t gonna sell it anyway so theoretically the “value” of the home doesn’t matter. On one hand I see the logic. On the other hand, if I bought a home and it went down a lot in value I’d naturally feel a bit angry because I’d feel like I worked harder and spent more for the same thing the other guy got for less. On the other, if I was planing to live there for a lifetime I suppose it wouldn’t really matter too much. And if for some reason I’d have to move, I suppose other property values going down would just make up for it. In the end, it’s an interesting question to contemplate. A lot of the anti-China shills assume Chinese are “losing value” because of this, but practically speaking if they bought their home to live in, it doesn’t really matter.
>>538669736>Population is decreasing by ~3 million per year>Houses are for livingghost homes
>>538669736The Chinese people are beyond broke right now, anon.
I don't know if that'll work out for the better, but right now there's soooo many Chinese people who are having to sell their homes for less than half of what they bought them for. It's really sad. They lost so much money and they'll never get it back.
>>538669736China built their entire economy on made up real estate value, and now that's it crashing because they're pretending it's actually a government plan to increase home ownership (after spending years insisting everyone owned a house). Lmao.
THEY'RE COMMUNISTS. WHAT DO THEY CARE ABOUT THE VALUE OF MUH HOME? DO YOU KNOW WHAT COMMUNISM MEANS?
>>538672090if you have house you live there, if you want better house it because you got better job, if you move to same style house somewhere else same price no problem, if you lose better job then many penalty no extra money, bad
>>538669736Aren't they building ghost cities, speculating population growth? Something that never Happened.
>>538672304do you think they cared before their whole real estate market crashed? https://en.wikipedia.org/wiki/Chinese_property_sector_crisis_(2020%E2%80%93present)
>>538672090Most people don't live in the same home for their entire life anymore. I mean, I'd prefer to just put down roots, but I'm a weirdo. Recently I've heard so many people casually mention moving house like, every one to four years. To me, that's crazy and a big waste of time and money, but apparently it's really common these days. Nobody wants to stay near family, there is no community, the economy is so shit that people feel like they must continually follow the money and go wherever they can find jobs. That means that buying a house and staying put for decades or even your entire life is a real challenge and a tall order for the modern person.
>>538669736Why are people worshipping chinks and russians always living in the west?
>>538669736Watch China enter a golden age as all that money goes into productive assets rather than rentseeking parasitism. The time of the boomer is over
>>538672132>>538672147>>538672268Chinese culture is night and day compared to Amercian. Every Chinese parent is expected to buy their son a home when he gets married. So having housing a bit cheaper is necessary for their entire social fabric. It’s not like the USA where half the population under 50 is living in their childhood bedroom or rooming it up with 4 other dudes. And Amercia used to be known as that place where you are kicked out at 18, we’ve gone far from that stereotype. It’s hilarious how many CIA/Mi6 “Chinese experts” who are really a bunch of foids and normgroids churned out by are broken college system that can’t select a competent intelligent White man to save its life, desperately trying to understand something without even basic knowledge of what they are looking at. Foids and normies shouldn’t be intelligence agents. They lack any cross-cultural understanding by definition and are more worried about getting laid and getting paid than “the mission” (whatever malignant cancer that mission is anyway, and knowing CIA/mi6 it’s something rotten).
>>538672373most of the time it is actual chinks or VPNs. i'm thinkin it's more like the faggots that are in this vid: https://youtu.be/ya15a4chsTI
>>538672363How would they even know what muh crash is? Have you got a bowl of rice? Then all is well. Fuck Jewipedia.
>>538672384yet you live in hongcouver
>>538672481>saaaaar you are chinese
>>538672430don't @me ghost
>>538672369That’s not true in China though. Grandparents are expected to take care of their grandchildren, meaning most people naturally live close to their parents.
I think property taxes should go to housing the homeless, sales taxes to feeding the poor
>>538672090the anti-china folks are basically useful idiots for the epstein class. said class derives a huge chunk of their rent from stupid assumptions, like line going up for properties and they assume every other ruling class in every other state is just as parasitic as them. it's what caused the 07 crisis. hell, Epstein himself was the first to deal with CDOs.
>>538672090>Question for all anons itt: if you purchased a property for 350,000 dollars and the value went down to 300,000 dollars, would you feel angry?Yes.Firstly, because of Mortgage. Your 350K house is more like 550K when you add in the mortgage interest. Getting only 300K by the time you pay it off would be devastating.Two, what if you want to upgrade? Say you buy a starter house or condo for 200-250, with you and your wife. You have one kid, it's still OK. But she is pregnant with another, so now you want to sell your starter to move into bigger. If that starter lost value, it will devastate your finances.
>>538672876What even is the true value of a home anyway? One would assume material, labor, location, amenities. How could one even accurately quantify that over time? >>538672999Your scenario assumes high-interest mortgages. In China, standard cultural practice is that parents buy the first house for their kids. The money isn’t actually coming from a 20 or 30 something year old. The parents are expected to have the means to this by the time they need to, Chinese are frugal with money and save it. It’s not really a society that lives paycheck to paycheck like the West. Saving money throughout your lifetime is normal and encouraged.
>>538669736Because America is a satanic shithole full of soulless golems
>>538672090>Some Polish anon made the point that only investors care about property value, because homeowners who live in their homes aren’t gonna sell it anyway so theoretically the “value” of the home doesn’t matter.You could even argue that the value going down is beneficial if you plan on living there long term since at least in theory that should result in your property taxes going down too.
>>538672090>if you purchased a property for 350,000 dollars and the value went down to 300,000 dollars, would you feel angry?no. the value of the house is that i fucking live in it, and i derive the value from the fact that if i didn't have it, i'd be living in a tent. if i wanted to sell it, of course it will go down. i've never sold a car for equal or greater value, i've never sold a computer or a game console for equal or greater value, i've never sold any belongings for a larger amount of money than i paid for it because that makes no sense. Houses that have been lived in are USED.
>>538669736China has no "housing market", you do not "own" a house in China, you pay for a lifetime lease.
>>538672090>I’d feel like I worked harder and spent more for the same thing the other guy got for less.The "Other Guy" is the next generation. your children and grandchildren. This is misanthropic pull-up-the-ladder boomer tier spite.
>>538673440>you do not "own" a house in China, you pay for a lifetime lease.That lease gives you better legal protection than any "ownership" in the West
>>538669736It's the same in Canada. Most of the west.We're tax the cattle of the empire. And the empire is failing.They can't just keep raising taxes because it would be unpopular. But policy can make housing arbitrarily expensive. Most people have to borrow to afford it. They'll end up paying the banks multiple times the price of the house most likely.
>>538673419That’s a good point. to play devils advocate, I suppose in America property values in any given community went up because demand for a property in a desirable area succeeded the supply. Later, globalism and young people being forced to compete with boomers and Blackrock turned the simple supply and demand economics into something impossible to deal with. China doesn’t have this problem, or at least as bad, because the desirable areas have high rise buildings -typically 3b 1b or 4b 2b-so there is always more supply to go around. This is a good aspect of urbanism for the common man who wants to be able to make a life for himself.
>>538672090I thought everyone is already used to depreciating asset. I mean, do you expect your car to rise in value after purchase and prolonged usage? A 30 years old house shouldn't cost more than its initial price since at that point, it might need serious renovation to be usable again. You can look up $0 Japanese house for reference
>>538669736Shut up, tranny commie libtard. Houses are for boomers to speculate in, not lazy commies to live inz
>>538670393>What this means in practice is that most people are forced to keep their money in a bank and earn basically zero interest because they have no alternative.good. capital self iteration is satanic
>>538674038It really depends on the real state location.When it comes to housing, unless it's a very unique home with a really good excuse, what really goes up is the land value, if the location is popular and there're obstacles preventing "competition".Basically, in the case of the US since it's pretty straight forward, if you have a suburb close to a growing commerical/industrial zone and there're regulation preventing more surburban residential zones from poping up easily, good chance the homes in that suburb will go up in price, even if the homes degrade.There is also building material inflation, which can indirectly help pushing the used real state market up because building a new home also gets more expensive, but the main factor is the land itself.>You can look up $0 Japanese house for referenceThe $0 Japanese homes cost that because not only the home is old and damaged, but more importantly, because it's in the middle of nowhere. That is happening due to the declining population. Entire towns are basically dying off and nobody wants those old houses because there're no jobs, access is bad, and there're yearly fixed asset taxes on top of it.In contrast in Tokyo, real state prices are skyrocketing, because everybody and their grandma wants to live in Tokyo.
>>538673440Exactly my patriotic hindustani friend, it would be antisemitic for anyone to actually own anything. Please come to America and bring your entire Brahmin caste family, you are welcome here in MAGA country.
>>538673530no it doesn't, dumbfuck
>>538670393>Look at China 50 years ago>Look at China now Well, seems to me they're doing something right
>>538674622US propped them up for the last 50 years
>Houses are the main way that everyone invests in said country>Crash the housing marketlmaooooooooooooooThis is a good thing though or something, country with a worse birth rate than all of europe who now just destroyed its own economy but that's like, good or something.Meanwhile actually in china>38 year old women sit around in a park all day looking for simps to take care of them>They have "public matchmaking parties" where zero men show up because the women are so evilChina hype is so unnatural, their women are legitimately evil towards their native men. Their native men are retards who put all their money into a housing market no matter how much they made. This is DA FUTURE?
>>538674702funny part is vidrelated is the majority of chinese "houses" that the shills on here are talking about. 20 square meter apartment in some shitholehttps://youtu.be/cYbWt2Y2At4
>>538674702It’s already been established itt that you are working under the false prefix that these houses are “investments” that were assumed to eternally go up and not places of living in. You are operating under the logic of “neoliberal Amercian boomers” and not “socialist with Chinese characteristics”.
>>538672090>They are gonna LIVE in that house chud!No, it was literally an investment vehicle. Even the lower-class guys were supposed to get a house, and then another house as an investment.It's a massive mis-alocation of resources. Houses literally were an investment and show of wealth, they're needed to find a wife and have kids and live a normal life.Them going down is a bad thing for the vast majority of chinese people, who would put all their money into buying a home as an investment.>>538674038>>538674483Housing gets value from>Land (location) value increases>Rents>UpgradesYeah you need these 3 typically to make any more than a 1% gain on any property. The world real estate market, in a sense, is a giant bubble because there was money to be made having none of these 3 in way too many locations.Of course this has little to do with china, where land was used the same way we might use a retirement account in the USA, or precious metals, or something like that.>>538674786>You are operating underNo, the chinese were. That's literally what they were doing, there's a certain percentage of your income that's supposed to go to housing, china's was way above that percentage because THEY were using it as an investment.I wasn't and am not, changing my point of view does not change that like a couple decades of chinese people just had their major investment go down to zero gains.Basically you're conflating two things, the real world and your imaginary head world. The chinese themselves were using these houses as an investment and you playing word gemantra doesn't change this.
>>538670393Another thing to consider is this. Because real estate was the only way for Chinese people to invest, a lot of people did it. Entire families would take out loans to get a mortgage to buy a house with the intent of selling it at retirement age to live off of the profit.There is now hundreds of millions of people in China in massive debt, who own a property worth less than they paid for it, and have no plan for retirement. These people are simply not gonna be able or allowed to retire now, they'll be working until they die because if they stop working, they are just left to die.
>>538672090>Question for all anons itt: if you purchased a property for 350,000 dollars and the value went down to 300,000 dollars, would you feel angry?No, because the value doesn't matter as long as I'm using it. It only becomes a problem if I buy it in order to flip it.
>>538670393>you just dont get it goy. its actually GOOD for the economy when everyone is spending half their income paying landlords>its actually GOOD for the economy when speculators drive the prices of living through the roofi feel like im in some brave new world movie watching useful idiots / jew overlords explain to to the lobotomized why its good to be pissed on
>>538675096>Speculators drive the prices of living through the roofIn this case the "speculators" were the entire chinese middle and lower class who needed any kind of safe investment vehicle the government couldn't just confiscate overnight.When pretty much everyone in society is dumping their money into this one thing in hopes that it can make them retire in the future, but that thing crashes, it's bad actually for them.>Muh speculatorsYeah sure buddy the middle and lower class are all speculators, right?
>>538669736>in line with the chinese policyLMAO. Chinese propaganda dick suckers are hilarious. Literally the ONLY means of investment the majority of Chinese had access to was the real estate market. Hundreds of millions of chinese people had ALL there life savings evaporate.
>>538672090If it loses all value, becoming free, then I'd pay no property tax for the rest of my life and my child will inherit it hassle free.
>>538674487absolutely hilarious quote from the diaper shitting retard in charge, i wonder if he considered what will happen when the speculative value of all houses reaches such heights that no one actually buys at market prices anymore
>>538669736America doesn't really do manufacturing anymore. What few non weapon and weapon accessories factories we have are owned and ran by gay foreigners. All foreign companies take fat ploppy dumps on the workers they hire, it's part of the privilege. As far as housing goes, one of the multitude of reasons that housing is niggers is that captain ching chong over there is speculating on American housing.This apparently is just fine.
>>538675096More like>IT'S GOOD TO HAVE A BILION JEETS PROP UP RENT AND HOUSE PRICES>IT IS GOOD FOR THE ECONOMY TO BE A FEUDAL PEASANT>IT IS GOOD FOR INVESTORS TO NEVER BE ALLOWED TO FAIL (MY HOUSERINO INVESTMENT WENT RED BAIL ME OUT GOYIM OR I WILL BE UPSET )>YES IT IS GOOD TO USE 401K TO PROP UP INVESTOR VALUE BEFORE THE BUBBLE POPS There is a coordinated effort from these shills not just here but article after article in Bloomberg or w/eI understand in legacy media it is 90% boomers and they are subhuman and would rather see their bloodline troon out and live among a pile of jeet shit than hear the words house prices down But why bother here?
>>538675630Stop Isreali and Europeans from speculating first. Don’t pick and choose which foreigners are allowed to run roughshod through our economy and which aren’t.
>>538672090Yes. I would be losing money. Of course I would feel angry. To all the zoomers on in this thread, some day you will want to retire. Having nothing when you want or need to retire is what will kill you.
I am currently selling an apartment. I advertised it at cost adjusted for inflation. I just didnt want to lose money on it.There was a bidding war and the price went up another 20%.Whos fault is that? Should it be stopped? What effect would that have?I bought at 335k, advertised at 425k and sold at 515k.
>>538677743>I would be losing money.Philosophically speaking, would you be? Because you got what you paid for: even if the value “goes down” you already own the thing. The potential value of selling it is non-existent until you actually sell it.
>>538672090Shouldn't the normal thought be >this house is for my children after I am gone Who gives a shit if it's valued less for nebulous reasons?
>>538677875Yes. It comes to retirement, I sell the home and I have less money. Also property prices falling means 1 of 2 things. Massive over supply (china) or the area is becoming a crime infested hell hole.
>>538678007Your children will have tax to pay on your estate and may not want to live in that house. You might have multiple children and want to divide up the asset among them. It losing value is a loss.
>>538678042>Your children will have tax to pay on your estateSo if its worth less, they would have to pay less tax>>538678007of course its normal, its just that westernfags are so throughly kiked that they see their own children as burdens to be shed
>>538678641Are you an actual child that does not understand how taxes work?
>>538674600Chinese Lease protects you from Eminent Domain. US "ownership" still pays rent and does not protect you from Eminent Domain by Feds, Eminent Domain by State, Eminent Domain by City, or Civil Asset Forefiture. Google "Nail House" and you will find thousands in China but none in America
>>538670393>the only thing that was the reliable way to build wealth for average Chinese.Working a career, investing in stocks, pension system, state provided care are all available to Chinese.
>>538669736They are claiming the collapse is intentional now after decades of trying to keep the bubble inflated?
>>538674852>Even the lower-class guys were supposed to get a houseIf the price of houses goes up, then no. That's why most Americans are now permanently priced out of homeownership.
>>538674852>Them going down is a bad thing for the vast majority of chinese people, who would put all their money into buying a home as an investment.The number of Chinese impoverished is still decreasing and the number of Chinese Billionaires is still increasing. So your reasoning arrived at a result that's countered by reality. You are playing make believe instead of engaging with what actually happened.
>average price for 90 square metre apartment in China $167,000 to $225,000 >average salary in china The average annual salary in China approx. $17,100 USD) >after 70 years you lose your home.China is a joke.
>>538669736Ah, so wiping out 20 years of Chinese peoples savings is a good thing. Who knew?
>>538674882>Because real estate was the only way for Chinese people to investChina has a stock market and manufacturing.
>>538678970>china have manufacturingIsnt an investment.
>>538675158>In this case the "speculators" were the entire chinese middle and lower class who needed any kind of safe investment vehicleThey didn't need it. The experiment is five years old and China's middle class grew so fast it's now larger than America's. So your prediction was not only wrong but late.
>>538674882>>538678970>>538678998Also they can just buy up real estate in the US and Canada to store their wealth. Which a lot of them do.
>>538669816>It's a country built on hating everyone.Major fag alert >>538669736>How come amerimutts gouge their working class?I don't see many nice yards there for my kids to play in. I also don't see a clean, safe place for them in this picture. I see a country I'd rather kill myself then to live in
>>538678011>I sell the homeWhere do your kids live?
>>538670393I bet this nigger right here doesn't hold gold or silver
>>538679038>They didn't need a safe investment vehicleno argument presented. everything is just a non-argument.>>538678880>>538678922>That's why most americans Not even relevant to the discussion. This is the kind of thing where zero arguments are ever presented and only words are said, at the end of the day it was a form of investment that the vast majority of everyone in the country was doing for decades and it just crashed and wiped out said decades of growth.>But americakeep the posts on-topic.
>>538678947$225,000 / 70 = $3,214 per year or $267 a month. And you specified an apartment. In a modern city with low crime and public transit and free education and healthcare. And the Lease protects you from eviction for 70 years. How is that a bad deal?
