"China has well over 50 million empty apartments"

[Deleted member 1973]

Is this true?

 

[LordGodcat]

Yes sir

 

[Deleted member 1973]

Yes sir

Elab.

 

[LordGodcat]

Elab.

No sir

 

[OOGABOOGA]

Big housing bubble kinda like here. Massive investment in real estate that overestimated demand

 

[PenileFacialSurgery]

Hilarious cuz no one asked

I mean hilarious because hella Chinese residents are living in boxes underground and can’t afford normal appartments.

 

[Deleted member 1973]

Chinese residents are living in boxes underground and can’t afford normal appartments.

Massive investment in real estate that overestimated demand

 

[Blackout.xl]

Elab.

It’s for 3 reasons

1. The apartments they built are priced outside the income of the average Chinese worker, even in the middle class. For many of those empty apartments, they have stupid conditions like having to pay 50% of the price upfront and then pay 50% later on.

2. They missteped and thought that the strength and size of the Chinese economy would naturally attract investors regardless of the prices of the property. This ended up backfiring.

3. They constantly build in order to meet their GDP targets. The financial transactions that are part of construction, the man hours and the final product are all counted towards GDP.

 

[Deleted member 1973]

The apartments they built are priced outside the income of the average Chinese worker, even in the middle class.

Suifuel

 

[Ritalincel]

Yes comrade

 

[Blackout.xl]

Suifuel

Yeah despite the Chinese government being “communist”, they sure do allow a lot of things that screw over the worker to happen infront of their eyes.

 

[Ritalincel]

Yeah despite the Chinese government being “communist”, they sure do allow a lot of things that screw over the worker to happen infront of their eyes.

Despite?

 

[Blackout.xl]

Despite?

Nigga what’s the problem? Did your master upgrade you again?

 

[currymax]

Yeah despite the Chinese government being “communist”, they sure do allow a lot of things that screw over the worker to happen infront of their eyes.

being?

 

[Deleted member 4563]

Apartments in China = no vagina

 

[Blackout.xl]

being?

Mr. Bugeyes made an appearance again. How you doing man?

 

[currymax]

Mr. Bugeyes made an appearance again. How you doing man?

how's it goin' ol'blackie?

 

[Blackout.xl]

how's it goin' ol'blackie?

It’s going good mate

 

[currymax]

It’s going good mate

good to hear, bhai

 

[Ritalincel]

 

[OOGABOOGA]

@Rob Paul'sHeight @Blackout.xl

 

[Deleted member 1973]

@Rob Paul'sHeight @Blackout.xl
View attachment 228761

Understand, I do not

 

[OOGABOOGA]

Understand, I do not

More signs of China’s growth capping out

 

[Deleted member 1100]

Fuck china, who gives a fuck about them?!

 

[Blackout.xl]

Fuck china, who gives a fuck about them?!

You should. They have holdings in the brazillian economy

 

[Deleted member 1100]

You should. They have holdings in the brazillian economy