Comments by "zjeee" (@zjeee) on "China Has 400 Million Mortgage Slaves, With 8% Ending Up With Unfinished Properties" video.

  1. If you know Chinese culture then it’s pretty obvious. To have kids in China you need to be married. To get married you need an apartment. It’s extremely common to have a marriage and child on the way just after purchasing a home. Also on the countryside they get married when they are 20-24 years old. Not an age group known to be financially responsible.
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  2. You need an apartment to get married in China. Also to send your kids to public schools you are required to own an apartment in the same district as the school.
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  3. The number one source of income for Chinese local governments is selling land to developers to build apartments. They have every incentive to enable developers to build as much as they can even if they are out of money.
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  4. What choice do they have? If they want to get married and have kids they need an apartment.
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  5. The bank doesn’t care. As long as you put that deposit down.
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  6. It’s not really to invest though. They need that apartment to get married and have kids. That’s just how the culture is set up, it’s a shame but unless you want to be single and childless you better buy an apartment.
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  7. You forget it’s China. No apartment, no marriage, no kids. No serious woman is ever going to waste her time on a man without an apartment. If you are a guy with no apartment to your name you should expect to be single for the foreseeable future.
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  8. It’s illegal in the west, alas not every country has the same consumer protections
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