the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry
One Child Policy helped with this, when combined with massive poverty reduction and land redistribution. Only one kid to pass things onto and to help out with
It would be interesting to see how much houses cost, average mortgage, all juxtaposed with average wages, average cost of goods. I feel like all this information would reinforce an already massive point.
Is Mexico really #2? That’s a huge gap.
BBC really can’t help being sinophobic in any situation, huh?
Why is this country doing better? It must be mommy and daddy’s money.
Where did that money come from? How come %70 of millennials have rich parents? How does that work?
How come %70 of millennials have rich parents?
Well, ackshually, they’re all capitalists who exploit, uh, the poor American billionaires!
if 70% of people are rich that’s a pretty successful economy though
And then here in America they just advise millennials.
“Just live with mummy and daddy forever and inherit their property when they pass. Porky want money, porky needed what would have otherwise been your house!”
its because most parents buy a 2nd house for there children as wages>capital ratio actually allow that
But at what cost? 😔 /s
But Rahm Emmanuel tweeted that Chinese youth are suffering the most from economic woes. Rahm Emmanuel would never lie to me!
I’m sorry to remind you of the relentless march of time, but I don’t think Millennials are “youth” anymore.
I bet the youth stats are even worse. At least some Western millennials had a chance.
Mexico being here has to be a fluke related to living close to the US. Like i feel the ruling class here didn’t hoard that much property (tho its getting worse) because they prefer living/spending in the US.
maquiladoras enter the chat
I would assume the ruling class would just own and rent out houses in mexico while living in the us
There was land reform decades back so maybe this slowed their property hoarding, to this day most of the land distributed for peasants is back to the hands of the few.
This info is from a study conducted 6 years ago that only looked at 9 countries. Malaysia and Canada aren’t on the list and idk what the 9th country is because the link that article provides is broken.
Oh, okay. I guess we can just ignore the entire study and go on pretending that the west is the pinnacle of human achievement. Whew! That was close!
I’m not a lib dude that’s not what I meant. I’m just saying that the graph looks wrong because the study sucks. Let’s not uncritically accept info because it says something we want to hear.
UAE moment
Pretty sure you can’t own a house in China, isn’t it like a life time lease?
Edit: thanks for all the downvotes for asking a question. Have a good day.
‘Ownership’ anywhere is essentially a life time lease, right? Unless you can figure out how to take it with you.
In that case in other places, if I own the property I can leave it in trust or in a will to other people when I die, genuinely curious because I don’t know… Is that possible with how China does things?
Yes you can pass on property to your children in estate
I was making a bit of a joke. I don’t know how it works in China.
You just renew the lease. You can’t own a real estate property indefinitely without paying a fee of some kind in any country.
You can own property; just not land.
The only entities that really own land anywhere are states. If you “own” real estate in the U.S. and don’t pay your
rentproperty taxes,the actual ownerthe stateevicts youcan confiscate your land for a tax sale.
We don’t downvote on hexbear so if you are getting them they’re coming from outside the house
Ty
My uninformed understanding is you pay for a house then they build it and construction companies/banks are defaulting so houses aren’t being built despite being “owned”?
No idea at what rate that’s happening.
are you getting your info from serpentza thumbnails? Banks aren’t defaulting left and right in China
https://en.m.wikipedia.org/wiki/2020–2023_Chinese_property_sector_crisis
Didn’t say they were. A few have. Hopefully they aren’t indicators of a larger problem
this is a fake thing made up by western economists who predict china’s collapse every day for the last 2 decades. First it was ghost cities made up of empty housing, now the story is not enough housing and a bunch of ghost owners without houses? Seriously think about it for one second, if this ‘crisis’ has been ongoing for a decade yet China still is growing faster than the west is it really a ‘crisis’ and does it make any sense that they have too many yet not enough homes?
