白浆领主@mander.xyz to Memes@lemmy.mlEnglish · 2 days agoWhat is renting?lemmy.mlimagemessage-square125fedilinkarrow-up1215arrow-down153
arrow-up1162arrow-down1imageWhat is renting?lemmy.ml白浆领主@mander.xyz to Memes@lemmy.mlEnglish · 2 days agomessage-square125fedilink
minus-squareKindness is Punk@lemmy.calinkfedilinkarrow-up22arrow-down3·edit-21 day agoDoesn’t China have an issue with 65 million of their homes sitting empty which belong to people with no intention to ever move in? It’s my understanding that owning a home in China is seen as social leverage so people buy homes that don’t even benefit their lives. This isn’t too be a pessimist, I do think China’s rising middle class is much better off than it has ever been. I just don’t idealize their housing.
minus-squareCowbee [he/they]@lemmy.mllinkfedilinkarrow-up42arrow-down1·1 day agoThere was a problem with using housing as an investment vehicle, yes, though the state took action against that, destroying the “market” for balooning housing prices.
minus-squareKindness is Punk@lemmy.calinkfedilinkarrow-up7arrow-down1·1 day agoHow did they deflate the market? So it wasn’t social pressure but rather economic pressure that led to it?
minus-squareCowbee [he/they]@lemmy.mllinkfedilinkarrow-up45arrow-down1·1 day ago“Houses are for living, not for speculation.” The state implemented strong controls on credit and to curb debt in the property sector. Strong positions against real estate investment.
Doesn’t China have an issue with 65 million of their homes sitting empty which belong to people with no intention to ever move in?
It’s my understanding that owning a home in China is seen as social leverage so people buy homes that don’t even benefit their lives.
This isn’t too be a pessimist, I do think China’s rising middle class is much better off than it has ever been. I just don’t idealize their housing.
There was a problem with using housing as an investment vehicle, yes, though the state took action against that, destroying the “market” for balooning housing prices.
How did they deflate the market? So it wasn’t social pressure but rather economic pressure that led to it?
“Houses are for living, not for speculation.”
The state implemented strong controls on credit and to curb debt in the property sector. Strong positions against real estate investment.