Millenial home ownership
China: 76%
USA: 36%
Everything else is bullshit if you're homeless, whatever metric you can think about to refute my post, it's worthless if you're homeless.
China: 76%
USA: 36%
Everything else is bullshit if you're homeless, whatever metric you can think about to refute my post, it's worthless if you're homeless.
But when it comes to owning a home in China, you can't do it - because you can't own the land, only lease it. So effectively, anything could happen with your home.
Then, construction in China is a pyramid scheme. Highly praised amount of infrastructure and empty ghost cities is an effect of that [0]. Combine that with rampant corruption (guanxi)[1] and culture of corner-cutting (chabuduo)[2], and you will end with bridges and multi-story buildings crumbling like sand, waiting to collapse at any moment.
All of that with an addition of aging population due to half-witted decisions of delusional, unchecked power (one child policy) leaves China with construction it wont be able to maintain, not even with immigrants, because of recent decisions of tribal nationalism[3][4].
Trends are saturated about China's prosperity and superiority. But if you want actual prosperity - you cant rely on algorithms alone.[5]
With your stats you imply that a person could feel safe owning a home in China. Could you feel safe accounting for all of that?
[0] https://www.youtube.com/watch?v=oWDty6iNcgA
[1] https://en.wikipedia.org/wiki/Guanxi
[2] https://www.reddit.com/r/China/comments/ub6lwn/what_is_the_c...
[3] https://www.youtube.com/watch?v=NUaYNhzEq_E
[4] https://www.youtube.com/watch?v=4Jilv0b27m4
[5] https://www.firstpost.com/world/tiktok-manipulates-content-b...