China's Housing Crash Just Wiped Out 20 Years of Price Growth | the deep dive
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Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.
  • timochka@lemmy.zipEnglish
    12·
    2 months ago

    Tbf, I’d move to China permanently in a heartbeat, based on more than a decade of working there. If China ever lets foreigners buy property, I’ll be first in line.

    I wouldn’t touch the US with a hundred foot pole, on the other hand.

    • MartianRecon@lemmus.orgEnglish
      4·
      2 months ago

      That’s nice. When I was a kid my dad worked in China, and they confiscated our passports, so we literally had to flee the country.

      So there’s also that side of the coin.

        • MartianRecon@lemmus.orgEnglish
          10·
          2 months ago

          My dad had a work visa for a company and when his contract was up they held his passport saying he was to continue working for the company.

          So no. Not like ICE.

          Also, we’re talking about China, not how shit America is right now. Maybe try and stay on topic.

            • MartianRecon@lemmus.orgEnglish
              6·
              2 months ago

              Because you’re pretending like China is some fucking paradise when they literally tried to keep my family from leaving the fucking country?

              We had to hide in a shipping freighter to get out of the country. But sure, go ahead and move to China, citizen.

              If you don’t want people to respond to your room temperature take on something don’t post it.

                • MartianRecon@lemmus.orgEnglish
                  1·
                  2 months ago

                  I literally could care less if you believe me or not. Because I know what we had to do to leave. So keep fetishizing these people. Maybe you’ll get lucky and get to try it as well. May the odds be ever in your favor.