Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Shenzhen’s Economy Collapses Dramatically, State-Owned Enterprises’ Net Profit Plunges 93%" video.

@mistyfrogchannel I don't think wages doubled in the US in 12 years.
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习近平 is doing a great job, peoples wages in China went up from $6,000/year(¥42,600/year) in 2012 to $16,000/year(¥114,000/year). Wages of people in China went up. Stop making up stories.
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If they are state owned enterprises then they wouldn't have any problems paying the utility bills, because the utilities are also owned by the state. You need to stop lying about 中国.
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@freeman10000 Nothing happened.
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@desmondkwang5945 Most people in China don't have mortgages, and they don't pay property tax either. If you use your home as a ATM, like they do in the US then housing prices going up is good.
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@ValinPrezkowski None of the speculators got bailed out, so now homes are getting affordable in China.
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@ValinPrezkowski In the US, all the speculators that caused the housing bubble in 2008 got bailed out. Now, homes aren't affordable in the US now.
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@ValinPrezkowski When the price of regular home in the US goes from $500k to $3.5 million, you will not be able to afford to live there. The property tax for a $3.5 million home will cost $38.5k to $76k per year. Most people in the US are complaining about property taxes now in states where the price of a average home is $750k due to the HOI and property tax. You'll be homeless in 5 to 10 years even if your mortgage is paid off.
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@ValinPrezkowski For me, my home is paid off, and I live in a state where property taxes cannot be accessed every year. The home I live is about $1 million, but I am paying property tax based on what I paid for the home back in 1996 which was about $150k. It goes up 1% per year for the accessed property value when you bought the property. Never the less, other expenses like HOI did go up with inflation. I paid about $1k/year for HOI in 1996, and now I pay $4.5k/year for HOI in 2024. In most states in the US, it isn't like California's property tax laws. Property tax is accessed every single year; therefore, it goes up every single year if the value of the property goes up. Let's say the value of your home was $350k last year, and this year it went up to $450k. You will be paying $4500/year in property tax vs. paying $3500/year last year.
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