Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Minority Mindset"
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You do not need to go to college to be a businessman. My great grandfather never went to college, and he became a multi millionaire by age 30. You don't have to go to college to become wealthy, you have to have the right mindset, the right opportunities, and the right circumstances.
If you want to become a MD, DDS, CPA, a mathematician/computer scientist, biologist, chemist, physicist, engineer, pharmacist, teacher, professor, or some kind of specialist you need to go to college. You don't need a degree in business administration to start a business. You can open a business with skills you learns from college. For example, if you studied engineering you can open a engineering firm, if you studied medicine you can open your own practice, etc. In this day and age, going to college and getting a skill helps. We don't live in the 1890s or the early 1900s where you can go to one part of the country and buy merchandise and sell it in another part of the country. Everything is developed, you have trade networks, and you have globalism. It is very difficult for a small business person to make it in the face of overwhelming competition.
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A lot of people can't adapt for a lot of reasons. They may not have the education, skills, intelligence, or they are too old to learn new things.
In this economic environment, you just have to diversify. Don't rely on one job, and learn new skills in your spare time, like programming languages, learn how to make things, it can be furniture to software, find a way to sell it online, this way you can make an income.
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@joshlewis575 Like I said, the biggest real estate investors in China are investors from outside of mainland China, like Taiwan, Hong Kong, Western countries, etc. They are wealthy Chinese multi millionaires and Chinese billionaires who have more money than they know what to do with it.
As for the ordinary Chinese people who paid for those homes, the government will bail them out. It won't all be done in one year, it will take a few years to write off these debts.
Besides, they don't have a highly financialized where the economy is highly dependent on asset appreciation and collecting rent.
Another thing, you cannot own land in mainland China, all the land is owned by the government(People). You can only get leases for that land, those leases are for 30 years to 70 years.
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