It’s true there’s a lot of unfinished apartments, and imo it’s true that’s a big problem (or a symptom of a larger issue). But I don’t think it’s unfinished apartments are a bigger problem than lack of home ownership in the West
Nobody can buy land in china, it is only leased from the government for up to 70 years for residential usage (less for other purposes). Calling the tofu-dreg building on top of this “owning a home” is disingenuous at best and deceitful at worst. Why do people buy homes anyway instead of renting? Because all other options to invest are even worse and it is literally their only option.
I hope you don’t tolerate how mega corps “sell” you shit like digital media or IoT devices only to later change the terms of sale and steal it back from you, because you never really owned it. Don’t tolerate the same shit if a government does it to you.
70% of Chinese Millennials are homeowners
China’s overall homeownership rates
Reached 90% in 2018
@Alsephina @Juice Isn’t their bigger problem having too many unfinished apartments? Many more than are needed.
(And are those rates including those who own apartments that will never be completed?)
It’s true there’s a lot of unfinished apartments, and imo it’s true that’s a big problem (or a symptom of a larger issue). But I don’t think it’s unfinished apartments are a bigger problem than lack of home ownership in the West
@OsrsNeedsF2P I meant a bigger problem in China
Nobody can buy land in china, it is only leased from the government for up to 70 years for residential usage (less for other purposes). Calling the tofu-dreg building on top of this “owning a home” is disingenuous at best and deceitful at worst. Why do people buy homes anyway instead of renting? Because all other options to invest are even worse and it is literally their only option.
I hope you don’t tolerate how mega corps “sell” you shit like digital media or IoT devices only to later change the terms of sale and steal it back from you, because you never really owned it. Don’t tolerate the same shit if a government does it to you.