this post was submitted on 08 Nov 2024
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Socialism

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[–] Burghler@sh.itjust.works 2 points 5 days ago (8 children)

Isn't the housing situation significantly worse in China? You put entire down payments and then pay the mortgage for the house to still yet be built. And last year so many defaults happened that no houses were being built and no one was being returned their money when they wanted out.

The grass is not greener on their side. It's still fucked, just a different fucked.

[–] TriflingToad@sh.itjust.works -2 points 5 days ago

they're made to last 50 years. Expensive houses are falling apart

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[–] Name@feddit.nu -4 points 5 days ago (7 children)

Didn't China just had a huge crisis in the property market?

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