Comments by "Steven Hull" (@stevenhull5025) on "China Observer" channel.

  1. A house is a financial chain round one's neck even if it's mortgage free. Rising taxes, utility bills and maintenance costs eat up what little one has.
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  2. Trillions of yen more like it
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  3. Copying the West
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  4. No. It is not the government who signs credit card and bank loan applications but by those who cannot live within their means.
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  5. Never borrow from family, friends or banks. Live within your means. Stop trying to be a consumer and instead become a saver.
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  6. "Play" the stock markets is GAMBLING. Several Business = Several Headaches. Properties eat up money with taxes, utility bills and maintenance.
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  7. And Capitalism has enriched the few at the expense of the majority.
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  8. More like they paid a deposit, took out a mortgage on an off plan condo which was not finished by the developer due to filing bankruptcy. In China you still have to pay the mortgage loan repayments.
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  9. Maybe the Chinese have learnt how to live above their means by watching how those in the USA live.
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  10. Like you do in the West. It's called a credit card.
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  11. During the first 10 years of a 25 year mortgage it is mainly interest one is paying NOT capital.
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  12. Have you counted them???
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  13. and Brits
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  14. Blah blah blah. When others are fearful be greedy. When others are greedy be fearful. Warren Buffet.
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  15. Why?? It will stop further debt would it not??
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  16. This world is full of weaklings who cannot live within their means.
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  17. Most have no choice
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  18. It must be difficult for the US government to get credit with their THIRTY SIX TRILLION DOLLARS of debt.
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  19. and Europeans. I blame Mastercard with their high interest payments
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  20. Speak for yourself. I'm 70 and have NEVER borrowed money in my life. I do not need to live a materialistic lifestyle to impress others.
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  21. How about the denture business as well???
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  22. Yes BUT. The monthly amount of mortgage repayment you pay may seem high right now. However, over time the actual value you pay actually decrease in real terms thanks to inflation and pay rises.
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  23. Tell that to property owners who bought property in the 1990's
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  24. Really??
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  25. Plus they invest in Gold like the Indians. The rest of us invest in a ponzi scheme called the 401K
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  26. Enjoy your USA
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  27. You forget the financial crash of 2008. The banks had the problem and it was the taxpayer who had to bail them out followed by years of austerity.
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  28. I won't.
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  29. All you Christians should have read your own book and followed God's instructions.
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  30. The USA must be HELL then with a 36 TRILLION debt mountain.
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  31. When a country exists by producing armaments to destroy fellow humans it tells you a lot about that country.
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  32. or people's greed did
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  33. Long term investor: Property prices will always increase.
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  34. I could say the same to every citizen being downtrodden by the elites in every country ,not just China.
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  35. Exactly what the financially illiterate do as soon as they leave school. Take out loans for higher education. Take out loans for a car. Take out credit cards to buy clothes, travel and food. NEVER saving or investing on assets which give a return.
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  36. Solution: Live within one's means
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  37. Since when???
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  38. Buying their own?? What do you think they are doing when they buy yours???
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  39. AMEN
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  40. Bully for you
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  41. I blame all those western fashion magazines
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  42. A bit like those in the West who the Chinese tried to emulate
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  43. Crocodile tears???
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  44. its the same in the West. Using credit cards to pay off other loans
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  45. And most are now slaves to their master - the banking system.
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  46. The Chinese consumer is copying those in the West where everyone is in debt including their governments.
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  47. With fiat currency becoming worthless overnight if there was a financial meltdown (which there will) HOW would people pay for your gold and silver??? In that scenario people will want items to barter with ie. food, baby's milk, nappies and toilet paper. I cannot eat or spend your gold as money will have zero worth.
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  48. Learnt from the Americans. That is what happens to copy cats.
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  49. Well, the United States with their treasury bills is in debt to virtually every nation on earth. 36 TRILLION DOLLARS at the last count. It is UNSUSTAINABLE and the US dollar is on the brink of self destruction.
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  50. Why??? Personal debt is not the problem of government.
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