All that ghost housing the population have sunk their savings into is appreciating nicely, yes?
Funny how everyone complains about US investors sitting on property makes housing unaffordable and also complains that surplus housing in China makes housing a bad investment.
The point is that China is not some perfect übermensch,
I didn’t claim they were.
Whatever the cause, the surplus of housing in China can’t be seen as a negative for the same reason a lack of housing is a negative in the US.
You can’t have it both ways.
The trains ran on time under Mussolini. Just because a dictatorship does bad things doesn’t mean absolutely everything must be bad. Just because a democracy does good things doesn’t mean everything is perfect.
I was highlighting that you see the problem without acknowledging the hypocrisy.
They. Are. Different. Problems
One is oversupply causing lower prices. This helps new families at the expense of investors. The other is under supply. This hurts new families and helps investors. When housing crashed in 2008, new home buyers were happy while the media lamented the home owner investors who lost value. You can’t have lower prices without oversupply.
It doesn’t matter if we don’t like China’s government. The math of supply and demand is the same.
If this was 1935, you’d be posting that trains on time in Italy is bad but late trains in the US is different because “reasons”.
That China created the oversupply doesn’t change that it keeps housing cheap.
You argue as if the reason for the oversupply supply is only thing that’s important. “Your honor, I murdered the victim using my democratic free market philosophy so the death is actually good. But that other murderer was a communist dictator so they should get the death penalty.”
An oversupply keeps housing cheap. The US directly regulates the price of food by subsidizing farmers to maintain an oversupply that keeps food cheap. This hurts investors in futures markets but benefits all Americans. The Fed regulates interest rates to control inflation. This hurt stock market investors but benefits American consumers.
Do you mock all regulation or only when it’s not the US?
Funny how everyone complains about US investors sitting on property makes housing unaffordable and also complains that surplus housing in China makes housing a bad investment.
Everyone hates everything.
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I didn’t claim they were.
Whatever the cause, the surplus of housing in China can’t be seen as a negative for the same reason a lack of housing is a negative in the US.
You can’t have it both ways.
The trains ran on time under Mussolini. Just because a dictatorship does bad things doesn’t mean absolutely everything must be bad. Just because a democracy does good things doesn’t mean everything is perfect.
deleted by creator
No I didn’t. I specifically ended with, “Everyone hates everything.”
Just like too little of anything is also bad.
If the value tanks, homes are affordable.
You can’t have it both ways.
deleted by creator
I was highlighting that you see the problem without acknowledging the hypocrisy.
One is oversupply causing lower prices. This helps new families at the expense of investors. The other is under supply. This hurts new families and helps investors. When housing crashed in 2008, new home buyers were happy while the media lamented the home owner investors who lost value. You can’t have lower prices without oversupply.
It doesn’t matter if we don’t like China’s government. The math of supply and demand is the same.
If this was 1935, you’d be posting that trains on time in Italy is bad but late trains in the US is different because “reasons”.
deleted by creator
That China created the oversupply doesn’t change that it keeps housing cheap.
You argue as if the reason for the oversupply supply is only thing that’s important. “Your honor, I murdered the victim using my democratic free market philosophy so the death is actually good. But that other murderer was a communist dictator so they should get the death penalty.”
An oversupply keeps housing cheap. The US directly regulates the price of food by subsidizing farmers to maintain an oversupply that keeps food cheap. This hurts investors in futures markets but benefits all Americans. The Fed regulates interest rates to control inflation. This hurt stock market investors but benefits American consumers.
Do you mock all regulation or only when it’s not the US?