• 3 Posts
  • 14 Comments
Joined 2 years ago
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Cake day: June 19th, 2023

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  • Kidplayer_666@lemm.eetoMemes@lemmy.mlSpot the difference
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    1 year ago

    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.


  • Kidplayer_666@lemm.eetoMemes@lemmy.mlSpot the difference
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    1 year ago

    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?