Comments by "Patrick T" (@patrickt49) on "Pregnant Woman in Tears as Home Prices Crash; Divorces Surge Across China" video.

I always found it odd that they went on a property binge shopping spree and yet nobody was moving into these apartment complexes. Like seriously, where did they think the infllux of people moving into these properties was going to come from?
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Just wait. The bots calling this "US propaganda" have not come yet.
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@yelanchiba8818 And a lot of the women see their husbands as a meal ticket. The last thing they want to do is work because there is no incentive to do it. And if they do, unless they really love the guys, they will do it begrudgingly since being married was supposed to be the means for an easier life.
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@Kunfucious577 I'm so glad I had this conversation with my dad years ago. He told me that being a landlord isn't all it's cracked up to be (he used to own a commercial property that he inherited from my great grandmother) - if you have to maintain multiple properties (you have to set aside a healthy sum of money for all of this), have to appease the tenants, and worry about your place sitting empty for too long because it's costly. I myself own a property (condo) and I am stopping at that. I will not buy a house for a rental since most people won't be able to afford those in the near future. And with the collapse of the family unit, this will become more and more apparent.
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Lol
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"Money is the life and soul of the people, the nearest thing they have to a religion. Their fortitude in toil, where profits loom, is past belief. The only occasions upon which I have ever seen Chinese exhibit grief had to do with losses of money, though I have seen them lose friends and members of the family without the slightest trace of distress" - "Ways that are dark: The Truth About China" by Ralph Townsend (Former US Consul who lived in 1930s China)
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@Ben-fx8lg You need to read up on China under the KMT. They were no different. Read the book "Ways that are dark: The Truth About China" by Ralph Townsend - he was a former US Consul who lived in 1930s China. He found no proof that China was any different in the past.
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@mikewolf-x6t "Money is the life and soul of the people, the nearest thing they have to a religion. Their fortitude in toil, where profits loom, is past belief. The only occasions upon which I have ever seen Chinese exhibit grief had to do with losses of money, though I have seen them lose friends and members of the family without the slightest trace of distress" - "Ways that are dark: The Truth About China" by Ralph Townsend (Former US Consul who lived in 1930s China)
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@jacksmith-mu3ee Although there's poverty in the US, they are still generally better off than the Chinese.
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@ryerye9019 Problem is they aren't usually paying for only one property. The ones who haven't had their home finished are paying rent and a mortgage. And the ones with multiple properties can't sell, assuming that they're all even being rented out. So they are now strapped with those mortgages on top of their monthly costs to maintain their standard of living.
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@jacksmith-mu3ee If you truly feel that way then move to China. What's stopping you?
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They can't even finish the ones that are being paid for by the people. Where is the government going to find the money to sock into properties?
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"In the matter of environment, many centuries have passed in China since the average individual there had any significant control over his lot in life. When he emerges to existence, it is not to look upon choices, but to face forward along lines of narrow necessity, along a slim furrow of possible survival kept open by his family ancestors through the thicket of competing humanity. Into this he steps and toils until he dies. There is no escape, no means of reaching a status of relative comfort and security, whatever the effort. Experience teaches him that moderately intensive effort means perhaps enough to keep alive, less means starvation, and more futility. The principle applying to physical endeavors applies likewise to moral endeavors. Moderate goodness keeps him out of jail, a less amount risks penalties, and a greater amount sacrifices needlessly much that the might otherwise enjoy. The Chinese thus becomes the most coolly calculating materialist the world has ever known. He lives skeptically immune to moral enthusiasms, having long ago arrived at an opportune materialism whither some of our own gospel ministers tell us we are now rapidly drifting. " - "Ways that are dark: The Truth About China" by Ralph Townsend (Former US Consul who lived in 1930s China)
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Some already have. They're not paying their mortgages which has ruined their credit rating but they no longer care.
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