Comment on As China's economy slows, some young people are snapping up cheap apartments to 'retire' early
outofthisworld@lemmy.org 3 weeks ago
Wow $13,000 for a four bedroom? It’s almost like propaganda 🤣
Comment on As China's economy slows, some young people are snapping up cheap apartments to 'retire' early
outofthisworld@lemmy.org 3 weeks ago
Wow $13,000 for a four bedroom? It’s almost like propaganda 🤣
starik@lemmy.zip 3 weeks ago
It would be nice if we could build affordable housing here in the US.
The high rises in the thumbnail (where Chen lives) are described as semi-abandoned. China tried building these new cities out in the middle of nowhere, assuming people would fill them, but not enough people moved in. Seems like it would be smarter to just build higher where there is already organic demand.
outofthisworld@lemmy.org 3 weeks ago
Well, it’s important to make the satellite photos look like a booming economy while funneling the money to capitalist billionaires wearing communist hats.
But I agree… with cheaper housing. One large problem about western capitalism is supply and demand. Housing should not be a commodity that gets choked to increase profit. Efficient building, even with single family homes, can make houses cost next to nothing. Frankly, I would like to see non-profit builders or even state sponsored builders that sell “at cost” with publicly available paper trails. Of course…… resell for profit needs to also be prohibited.