[capitalist voice]: in the dystopian commie hellscape that is china, housing just keeps getting cheaper and cheaper, leaving people who buy and then re-sell houses instead of doing actual work high and dry, while mean greedy workers selfishly buy houses, to live in.
the problem is not that houses are cheap but that the government encouraged the middle classes to put all their money in housing as a supposedly safe investment so people are fucked without savings
the government encouraged the middle classes to put all their money in housing as a supposedly safe investment
the chinese government has actually specifically been saying houses should be for living in, and not used as an investment, going back at least as far as 2017.
