Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "The Chinese Housing Crisis: Evergrande’s Bankruptcy || Peter Zeihan" video.

  1. Don't see how that's related to the CCP and the financial structures holding up their rise through the ranks.
    5
  2. Mandarin is one of the hardest languages to learn as an adult and there would have to be jobs waiting for them in the ghost cities. Nobody moves because of cheap land if they can't earn a living. There's small towns in the US giving away free land to combat rural exodus, you either have to commit to start a business there or have the ability to work remotely. So the takers are few and far between.
    2
  3. So everyone involved takes a huge financial loss. Ain't that a kick in the taint?
    2
  4. From a charitable point of view that's certainly a thing they could do, but a lot of those buildings are high rises which hinders mobility, and they'd need to hire caretakers to staff those cities. Which means changing the entire social welfare structure so they could afford a big retirement program for the nation.
    1
  5. What would be the point? The US is reactive to the rest of the world as others try to take their place. You have to take the belt from the champ.
    1
  6. It's one of the few ways you can invest money in China, and due to the female-male imbalance the women are picky enough to require potential mates to be home owners. This created an inflated demand for housing. If women suddenly decided men had to know how to do a handstand to date them, you'd see every gym offer a handstand class. That's how the world works.
    1
  7. Define true home buyers. The speculators biting the dust is still a massive economic loss. You can't just wash your hands out of it. You needed that money in the economy, and it will be gone.
    1
  8. Nonsense. That's like saying we can take all the 35-50 year old working age people still in the rust belt and turn them into Silicon Valley employees. How will they "find their way" when they can't afford these new units? Even if the CCP gives away the houses for free, the money is still gone. That was a financial loss and the future of the country was gambled away. You put a command economy in charge of the sea and they'll find a way to run out of water (Aral sea).
    1