Comments by "Bobby Loo" (@BobbyLoo-jr8ys) on "China Observer"
channel.
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I went to China and teach for 15 yr. Im lucky, haven't got scammed. Bc I am CBC (Chinese Born Canadian), so that helps. Even with my broken Chinese, l can threaten the company, if my salary is delayed!
The best weapon, complain to the teacher (their bread and butter). Once the parents know, that teacher's wages have not been paid (delayed), i can destory their company!
ANother weapon, l add parents wechat. It is against policy, but when the boss founds out, l cite: it is for my protection. What if you (company) screw me over!
It can work, if the company do not respect you or threaten you. You immediately add parents wechat, as soon as you know something is NOT right with the company/academy.
Even a few parents is enough, as these parents know each other!
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One of the main problem is the housing price. With the high demand for wanting to own a house (need it for marriage), this push the housing price beyond reach for many. Yet, many still take HUGE loans with long term mortgage. Think about it, buy the time the home owner has pay it off, it would have double the cost of the original price. But sadly, the housing price fell, which made it worst.
So you see, if people didn't take out mortgage and there was less demand, housing price wouldn't be crazy.
THe other problem is banks, banks is a business and they know there is a demand and Chinese need money for a house. So bc of this, they lend out money. This is also true in the west.
If we get rid of mortgage and long term loans, housing would be more affortable for the middle class. But of course, the bank is a business. THe big winners are those high ranking employees, earning bonus by leading out money to people.
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Stupid ppl buying house with HUGE debt and thus driving up the price, due to demand.
Those brought in debt and have lost value, too bad.
No one forced you to buy property in China, as property in China is inflated. Imagine, a property (apt) is worth 10M rmb. With that money, one can buy a HOUSE (not an apt), with backyard, garage (for car), 3 floors, etc.
It is due to this mindset that buying a property is a must to start a family. Fair. But what is wrong with renting.
Only buy the property when he an afford to pay 70% down. Can save tons of the mortgage.
For me, I plan to pay 100% down and NOT go into debt. Already have MILLIONS for rmb saved!
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First mistake, Never take out large loan morgage for a house, it is a death trap. Just because your neighbhour has a house and car, doesnt mean, he has to. Even selling his house at a lost, he still lose. =loser. Life mistake can cost a man's life. Including family and children.
When many people take out loans to buy a home, house price will be inflated. But if few people take housing loan, price is more affordable. Now the bubble has burst. Im waiting for the housing price to decrease and NOT taking loans. Imagine how much money one can save. No interest! And no need to borrow from family/friends.
Your decision to get morgage loan, your responsiblity to pay back, just like student loans in the west. NO one forced you go get a house. If one wants to cry, go up the mountain and cry a river.
Implusing buying, ha. = loser in life?
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of course, companies will use probation period. THey don't break the law and keep the worker's spirit high, thinking they will past the period and earn a higher salary.
Boss factory knows, these grad are NOT valuable. THere are TOO many of them. If some think it is slave labour, others who are desperate will take it.
About work experience, YES you can get work experience. They are bitching bc, they fuk themselve over. THey can start getting experience at 16, which is the legal working age. THey can gain experience by voluteering, get those proof of documents or intern during summer holidays during HS and uni.
I started working at 16 yr old. If l can do it, you all Chinese can do it too.
But NO, you think those jobs are for un educated people and you think you deserve better.
And now, a paper with No experience. WHo's fault. You, and your parents.
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I don't blame the mangers and boss. 35+ with family. These boss knows, they will demand higher wages. Why would boss hire someone when he/she can find someone able to do the same job at much lower cost (fresh grads, single, obedient, etc)
From the company POV, too many baggage.
Single and less than 30, cost is cheaper, few baggages.
This is what happens when boss knows, there is a HUGE unemployment people, so boss can take advantage of this.
Vice versa, when company needs workers, and can't find them, they will increase base salary to attract workers.
FOr example, during and after the lifiting of COVID, many schools have difficulites finding teachers. So schools have no choice, but to cut into the profit/budget and up the base salary. For example, before was 25k rmb/month, then up 30, and if still no takers, up again to 35 or 40 or 45. I have seem it.
Now that some foreigners are returning, the teacher's salary when back to pre covid.
This is the nature of things in the business world.
I don't see workers complaining, wow, the salary is so high? Higher than market price.
We complain when we dont get our way.
This is the reality, lm shopping too, looking for the best foods at the cheaper price. AM l WRONG. HELL No! My company, l can do what needs to be done!
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uni grad in rural area vs uni grad in the city, l think the city grad will have a better chance, even without a master.
Many will not be able to recope the their tuition money from their job.
These adults, are just going to uni to give free money to higher ups.
Furthermore, the govt in CHina screw the country, by imposing security non sense, driving away foreign investment and etc.
Yet, people are afraid to rise up against the leader, and can only blame others: school, companies, and themselves.
Over time, this cycle and other issue will destroy the gvt . For example, population continues to decrease many can't find good job to raise family, no need for many KG, less demand to buy property bc ppl are not reproducing, many are not buying cars and other luxury goods = more store to close.
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Too many Chinese has too big dreams. The old saying, the higher the hope, the greater the disappointment. Especially left over women, wanting knights in shinning armor; money, house, handsome, etc. Yet, they don't look themselves in the mirror. They are great at judging others, but don't judge themselves. They think they are perfect and complain that no one wants them because how their high accomplishment in education. Their accomplishment is useless. Men's desires is to pass on the gene and let the women carry the child. So for women having all those degree are just a waste of time. Again, women's job is to bear child. Period. Let men focus on bringing home the bacon.
Their life start to blossom, and their beauty is fading.
These women with their high accomplishment and bragging about it, yet they are single. HA. Hope they dont reget. And if they are happy with their single life with their dog pet. Awesome. But dont' complain about men.
Tips for high middle earner Chinese men, go to the rural area. THere are many young and beautiful girl there. They are obedient, can do housework and are easily influenced. The more educated the women is, the more likely of divorce. The less education she has, the better for Chinese men. And Chinese men want that: beauty and limited education = men's happiness.
Imagine a high middle class earner going to the rural to seek a wife, women will line up for him. It is a perfect trade. Men is looking for young and beauty, while women is looking for financial status. In the city, high education women are old, too opinioned. Why whould these capable high middle class earner want them?
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They did this to themselves.! They claim, they are smart and educated. Are they? From men's POV, they are NOT smart, but brainwashed. They dont know that men with good conditions would rather chase 20 yr old, because their mind is fresh. We men can flavor them as WE please. WOmen in their 30, men can't program them,as they are already set.
It is the same with computer, we men want a fresh clean windows OS, not an OS that has been adjusted by someone else. With a new OS, he can adjust to his liking, just like woman in their 20s.
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These Chinese women has forgotten their roots, they belong in the household, raising children.
Chinese men are looking for woman who can raise children, do housework and etc.
yet, these woman refuse to go back to their roots/traditions, so they chase their career and equality.
It is ok, to chase these things, but don't expect us successful men to chase you.
Old and mature women are NOT luxury good. They can continue to think highly of themselves, but we Chinese men will NOT take your bait so easily.
Im telling you lades, 20-25 yr old are luxury, not 35+
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"Not everyone should go to uni."
"Not everyone can get good jobs"
I knew when l graduate, my job prospects were limited, because there too many teachers in my city. Many wanted to teach because it is a "forever job."
I knew wn't have a change, other than becoming a sub teacher, bouncing from job to job. WHat is the point, lm just a sub. I can't make a difference in children's life by bouncing.
But when l came to China, it was SO easy for me to find job: training center =easily, especially with teaching degree
Bilingual/International schools: a bit more difficult because the BENEFITS are HUGE and salary are 1.5x -2x compared to TC (training centers-less benefits and less salary).
AND you can easily do side gigs as a teacher, charging 500-1500/hr on weekends.
The best part is, you don't need to find students, student's parents will find you. ANd when parents ask you for extra help with their kid's English, you will know they are desperate and can charge then easily 1000/hour. AND these parents are generous, they will open their deep pockets.
SOme parents will even give red pockets to teachers during PTC before the CNY, from couple of thousand to 10s of thousands. Depending on the school, some has policy aganist this, and other school doesn't care! Because some school themselves also give red pocket to teachers as their bonus, saying it is from the parents/investors/school board, etc
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We dont want women with high education, wealth, job, experience. We want our women to be simple, plain, obedient, and submissive. With their high education = more opinion=more arguments = higher chance for divorce. That is why established men want younger women in their 20s, bc they are still innocent, haven't not been brainwashed by peers and social media. By having a 20 -24 yr old as wife, we men can do the flavoring to OUR taste.
Yet women can't accept that. They don't want to be controlled. They want independence and freedom. Yet men don't want these type of women with these mindset.
Women's only true value is reproduction. Other than that, they have no value for me.
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When these mature women FINALLY realize their thought process, it is already too late.
They were too native, playing the waiting game and refusing to look at Chinese men, beyond both their economic status and physical look, only judging negatively, what they don't have, such as fully paid car, high annual salary, tall and handsome and etc.
They refuse to see the reality and believe that their princess is just around that corner.
They refuse to beleive their own short comings
They refuse to lower their requirements, thinking that their self independence and high education will successful get a prince charming
They only demand and have little to offer when they reach age 35
They refuse to look at men beyond economics and looks, and only judging on their pockets and not look at their hearts.
They refuse to beleive that 20 yrs old is less valuable than themselves, because they feel they are more economically and socially accomplished self individual.
Yet, l must ask, if they are so great, why are they still single?
Because they are gambling with time, waiting and waiting and refuse to lower their standards.
The men they are chasing is IN THEIR dreams!
The men they want are less than 0.1%
They men they desiring are rich CEO that are already married to young women, whom are less than 25 yrs old and can give them children
These mature women have BIG dreams, with high hopes = high disappointments. I hope they do!
I hope they have a good single and lonely life and when they are sick and dying, they die alone peacefully, without love in the world to give to these high standard women.
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@BigBlueLobster65 took out huge loans and can't pay back. Just like student loans. Too many people are trying to keep up with the jones. Nowadays, no job is stable. Only govt job are life long jobs. Those ppl can afford to take massive loans. But for those in the private sector or jobs that are not stable, taking huge loans is a huge risk. Many couples lost both jobs and housing price decreased. Isn't that a loser. Because they were too over confident, betting on the future. ANd they lost. Isnt that a loser. The bought houses or two, because they believe it can only rise. Have they never heard of the bursting bubble. It is simple economics. Why take our million of RMB in loans from bank and from relative. Only buy, when they have millions in the bank. But if they only have 1 M and the house cost 3 M, 2 M loan + interest. THe winners are the banks. They will always get the some of the money back. They are loser, because they are playing the game of the society, falling into society's trap.
Mortgage is a trap. It can ruin your finances, ruin your family/marriages, when they can't afford it. And when they default, their life is screwed. Their accounts are frozen. Their Chinese ID cards are useless (can't buy ticket of bullet trains/airfare). Isn't that a loser in society. Again, they fell int the trap, thinking it was a good investment, via impulse buying because others are buying. They are followers. Monkey see, monkey do.
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What happen to the Chinese culture of, saving.
They have become westernized, buying and consuming into debt
Everyone wants what the other person has: Car, house, travel, clothing, etc
This has driven up the value of property. And now, property is going down. Those that brought high care crying.
And worst, they are slave to the bank, mortgages and car loans, being the biggest.
Ha, Feel no sympathy for those suckers!
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@SlavTiger If that is what the boss think the market is worth, who can argue. If those think they think it is low, others will take it. That is business. There are winners and losers, or both. It is survival. The boss throw them a bone, better than being hungry!
What would you do? Fresh out of uni, can't find a well paying job, because you have no experience, and 10s of millions of fresh and previous grads, all wanting good job when there are few.
WOuld you wait for 10 or 11 or 12 rmb or take the 9 now and still try to find a better job during off hours.
If you say, you wait, that is fine. Bc, the risk is high, like the real estate market. I may or may not get better. But the current trend, with millions of uni, past and fresh all competiting for a job. It is survival of the fittest. Those that don't take the 9, may not survive. Those that take 9, buy some time.
As stated, wwyd in their situation as a fresh grad?
I would like to hear your thoughts on THEIR situation.
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The women crying at the beg. of the video, due to price drop per m2. Well, think of this way, she got the first pick. When you go and buy a car, new model, of course, the price will be high. One yr later, that same model car will drop in value, to clear out inventor and make way for new model. This is normal supply and demand. And now, she is crying when the housing price drop? So, if the housing price when up, will she cry? Stupid. You sign a contact at the price quoted and accepted. If your not happy, sell it, Im sure more tear will fall.
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That is true. Any young worker complain, the manager can say, l can fire you now and replace you in the afternoon.
I once interivew a 35 old women for a job, not skill intensive, simple task, etc. When I ask her, what was her expected salary, she said 6k+
When interview another candidate, single, new, fresh out of college, ask the same question, she said, whatever. I just need job to pay rent, food, transportation etc. I said, is 3.5k ok.
She accepted and was hired on the spot.
That same day, afternoon, the lady of 35 called about the job. I told her, it has been fullfiled.
She was upset and try to argue with me, that she was the perfect candidate for the job, with yrs of experience and etc. I told her, l hired someone which only cost 3.5k. I said, you wanted 6k. As a business man, lm looking for cheap labor. Can you accept 3k, if l fired that other women.
Silent and hang up.
After 6 month, gave that fresh grad a 200 (about 28 USD ) raise for perfect attendance, never late, good attitude, etc. SHe was so happy when l told her! Her Big smile told me, I MADE the right decision.
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The main problem is not about losing the job, it is not having enough savings.
Mortgage payments (biggest reasons)
Car loans
=money in and then money out = no savings
If ppl didnt take out mortgage (rent instead) and didn't own a car (car loans), one can have enough savings and only start a family if the guys has at least 2 million in the bank (1st tier city). One should NOT mortgage until he/she can paid 80%. And then mortgage the 20%. For me, that is my rule. The 80/20 rule. Not everyone can achieve this.
When l lost my job, during the pandemic, i found another job, but was a pay cut of 25%. Luckily, l was able to do private tutoring both online and online, which brought in extra income. But i had to work 6 days. Luckily I had many clients, each willing to pay 500 for online to 1000 per hour for offline and bc of the pandemic, my client list was stable, easily making up the lost 25% from my primary job, ended earning 250k rmb.
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GL persuading local Chinese people. The best argument those local will say: Yes, I have money in the bank, I already have a house or 2, why do l need to buy another one. Buying something, is my decision, stop being pretending to be my father/mother (officials).
Those officials probably get a cut when they do "make" locals buy house, because their management has cut their salary and now looking ways to make up for their lost money.
And the government's problem is NOT my problem. The government caused it, it is their responsible to fix it. Why is it mine?
Or, sure l'll buy. 100,000 RMB for a 150 m2 unit, no taxes in a 1st tier city. Can I persuade you to sell me at my offered price.
Even with public subsides, l no trust the govt.
And lastly, those can say, am l buying a tofu building that will collapse in less than 5 yrs? I think the govt is selling tofu buildings, thinking locals are stupid.
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The dream of having a good job after university, is over! Because especially for Chinese Grad, they have no working or volunteer experience.
I once interview a recent grad and she was so proud of her degree.
She told me she is a hard working, honest, etc etc.
When I ask her about any working experience, there was a pause and she said, she is a quick study.
I ended the interview right there and said NO.
She said why
I told her, your interview responds are very typical like many other grad. No working experience.
TOld her, if l were to spend time and resource to train you, you should pay me and you can afford me bc you have no money as a recent grad.
TOld her, she should do at least 1 yr of volunteer or internship to gain some real work experience.
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These homeowners were too confident, thinking 30 yr mortgage is doable and affordable, when most of the money goes to interest.
They believe their property can only go up and not down
They beleive their job is secure, iron bowls and can never get fired.
They did not have plan B, what if...moment
such as lost job either single or both parents, ill parents which need medicial attention, unforeseen cost.
Many got into these situation because they didn't consider ALL factors, and think short term.
Yes, some factors we can't change, but others we can, like...do not take long term mortgage loans, do not take out car loans, do not...
Only buy property when one has a few MILLION rmb in the bank. For example, a property is worth 4 M and you have 2 M. ok, that is 50% paid, then take 2 M as a loan and quickly pay it off in less than 5 yrs. This way, (math weise), the risk is less.
But no...many borrow from family and maybe friends, cash out parent's life saving and scraped the money+ borrow the bank. The risk is too high, the borrower borrowed TOO much money and maybe the family has car loans too.
So those who defaulted had bad planning and no back up plan, what if.
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Lesson: DO NOT take housing mortgage. Bc so many people took mortgage loans, it push the housing price sky high due to the demand created to people wanting property.
IF there was no such demand and no ppl took mortgage, and pay CASH instead through savings, thecost of owning a property would be much more affortable.
But in CHina, there is a culture created by the Chinsse
Must own property
Must own proerty for marriage
If my friends/other have, l must have
SO, they take massive loans and compete!
This is also true in the west.
Mortgage is a trap for most. By not mortgaging, there is no risk.
People should only buy property if he/she can pay down at least 50%, the more the better. By reducing the mortgage, the bank can't earn much interest from you, thus more money in one's pocket.
By the time the propery is fully paid, one has already paid double than the original price, due to the long term mortgage.
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Chinese men DO NOT want high quality women. They want low quality women in education and independence. If these high quality women are so great with their high independence and career driven, then they should remain on that path.
They are not attractive to Chinese men as we Asian men are still the dominate in society and in the household.
If a women has a PHd and earns 150k+ rmb, a typical man can't match her education and earners, so he will find someone with less education and less earning potential. We asian men want a women that is more traditional, stay at home, be a homemarker and let the man worry about earning money for the family.
A man is a man for a reason. He is the income earner.
If the woman makes more money than a man, his peers and family and relative will look down on him, saying your wife is better you in every way. She makes more money, has higher education and etc.
ALso, women wont' marry a man with less education, rather more education with good and stable income.
So, men will find women, with less economic value and more household value + beauty and age are equally important.
Those Chinese women with master and PHd can only find a man with the same level, but those man want women lower than them.
The only men these women can go for are:
-western men, who do not care about these traditions
-divorce men (but Chinese women dont' want them, even though they are high successful
-men with little education aka, rural men (again, they will not want)
As a result, they pool of potential is become shallow.
However, for a man who is 30+ and has good job, house, car, etc, their pool is HUGE. He has lots of potential to find a women less than 25 yrs old.
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I remember going back to my wife's home town and ppl praise me bc I earn ALOTs and I am the only CHinese foreigner (western) in the family. Im CBC.
So, when they praise, I have a good job title, good salary, have it all...
I quickly shut it down saying, this is the norm in 1st tier city. ANd it is YOUR perspective, not mine!
Also, I say, lm not as rich as Jack Ma. Jack Ma is richer than I.
Then, some of those relative, hinted, to lend them money. I say, the bank is richer than me. The bank has more money than me.
Or they use the cheap card, saying, this is CHina and this is CHinese culture, you should follow it!
I blasted: I have my own culture!
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