Comments by "Sedna063" (@Sedna063) on "Housing Crisis — China's Reckoning (Part 2)" video.

  1. They are not predicting a fall. They are predicting a stagnation
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  2. So because America has problems it does forbid an independent YouTuber to make videos about China?
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  3. Prices start to drop. Well, I believe this is the bubble bursting, not some clever management from the government.
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  4.  @ddjohnson9717  Very selective arguing.... What happened in Texas was bad but in no way comparable to what would happen if God forbid a war broke out or an event which would stop oil deliveries to China.... And dude, other people disagree with the editor of the video. it is his right to disagree with them. That is what the comment section is meant for.
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  5.  @ddjohnson9717  You can't punish stupid... The voters of Texas made their choice a few decades ago and so far profited from low electricity prices - the drawback was that in the event of a cold front, they might be without electricity. Their choice in 2022 to decide whether continue course or change direction. I personally would change direction.
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  6. Not every critic point is biased...
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  7.  @Fauzanarief-n7i  but who will come? That is the question. Asian societies have big trouble with migration.
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  8.  @jonathanchen5902  Yet the pensioneers will be more than you not too far in the future. That is a fact regardless how many babies are born. Not enough for the population to sustain the current societal model.
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  9. Housing is the primary form of investment for retirement. 75% of all investment is into property.
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  10.  @K3end0  I would cash out one now. Then you have at least something
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  11. The Chinese housing market will create the next bubble. I am reasonably sure of it. It may not infect the world directly but if China has a problem, so does the rest of the world.
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  12. Retirees and a big housing bubble that already burst
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  13. But even the government cannot cover all costs
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  14. Chynah!!
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  15.  @sword7872  absolutely true. India missed such a reform and China waited for too long.
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  16.  @jf9979  will take a while though. Patency rights granted are way less than other nations
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  17.  @Richard.Cabeza  that isn’t really a thing..
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  18.  @jonathanchen5902  the current work force will retire in 15 years. They want to have a largely similar life quality....
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  19.  Sc0ut Op  The more interesting question is whether the diaspora wants to move back to China. The answer is a resoundingly „no“.
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  20.  Sc0ut Op  you cannot mandate fertility.
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  21. Thank you for the insight.
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  22.  @inthelight4671  Thanks for replying. Do you currently own the Chinese citizenship? And as a matter of fact, if so, how happy are you with the political system in your chosen nation Australia and how do you compare it to the Chinese system? Do you want to take some things from both systems and combine it?
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  23.  @inthelight4671  Thank you for your reply. For China, you say the political situation worsened. How come we never really see unemployment numbers and salaries in reports from China? I myself assume that wages rise and unemployment is low. And another point, there are quite many pro-Bejing people here on Youtube, Quora (write something about China and be accused of being a stupid anti-china western scaremonger who will be beaten by the peaceful Chinese...) writing all kinds of positives, writing that democracy and personal freedom in China could never work and that they like the CCP. Are they representative as a majority of Chinese citizens or are they the loud minority of internet wolf warriors? And lastly, how stable would you rate the political situation in China? You would know better than myself.
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  24. If they built a city for 1 million and only 150,000 show up, they failed even more. Houses need maintenance.... In the end they wasted a lot of man hours and money on a project that is not productive. Might have been a good jobs programm but you can use money better.
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  25. The thing remains, no matter how Ordos will continue, they wasted billions for a decade. Not efficient use of resources.
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  26.  @huas5350  Frankly, I do understand and I find your explanation hilarious. China has to keep building to keep the extremely large construction sector engaged. And you can deliver energy without building a city with 90% of it being empty. Frankly, GDP per Capita is not always a good indicator. In this case it is not because the city lacks people which artificially increase GDP. My hometown could theoretically expel all unemployed, all pensioneers, children.... and they magically have a much higher GDP/Capita. Does that mean they did alright? No!
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  27.  @huas5350  My facts remain valid; the city is a result of severe inefficiencies in spending; the money spent could have been used far more productively than just a city. This is also a sign of failing regulations because no country should support such developments. It is a waste of good assets which will lead to a financial crisis if the profits do not cover the costs. And even if it is not 90% empty but only 70%, you still used too much capital on a city that is not in demand. You can burn cash like crazy with that. Cash that is missing for other projects. And no, westerners can report extensively on both good and bad developments but this is a series about problems of China. Ask yourself, does the Chinese state media portray the west in a positive fashion? I really don’t believe that so please spare me with some butthurr comment how western media never seem to acknowledge the positivities of China. We do, by the way but this isn’t the focus of this video series. I know it is a favourite of Chinese media to complain about western media bias all day long but hey, at least we can complain in freedom.
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  28.  @huas5350  actually the video is well-researched.... But if you want to ignore what is out in front of you, be my guest. I have been to China though and one of my work buddies is Chinese. Great guy. Doesn’t want to go back.
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  29. There is a big difference. Phoenix was not built by the government and it didn't built houses before there were people.... Meanwhile the Chinese State invested billions into an artificial city which has been way overproportioned.
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  30.  @LRichelieu  They were private companies and suffered accordingly. And the scale is off. Thousands of empty homes - ok, a problem for a company but overall not dramatic. In this case, the government had to built all kinds of infrastructure to support the construction and eventual life of 1 million people. Infrastructure nobody really uses today. And this city wasn't the only city.
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  31. They might tweak but overall they publish comprehensive numbers....
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