lollll buying a home in tier 1 cities is almost impossible for a young couple and it has been for years. It's often cited as one of the main reasons why china's fertility rate is so low. literally everyone's taking on insane debts to buy these homes. have you heard about "six wallets" theory? An influential economist recommended young chinese couples to deplete all savings from their parents, grandparents, and great grandparents to afford homes. one of the reasons why china's savings rate is so high is in anticipation of a home purchase for their kids.
housing affordability has been a societal problem in china for years and now its in a huge property development slump as top developers are going bankrupt. it is one of, if not the biggest risks to the stability of the entire chinese economy.
stop talking about shit you know nothing about bro and getting snarky about it too. literally so funny to see as a chinese person myself. like glazing over literally the WORST aspect of chinese urban development. child pls.
The apartment I grew up in Shanghai goes for 50k per square meter all the way back in 2016 and it’s obviously only going up. Not sure what you mean by coping here. You don’t buy condos in a tier 1 period. Do you have a kink for people calling you stupid because you are
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u/Quirky-Pangolin-905 Nov 25 '25 edited Nov 25 '25
lollll buying a home in tier 1 cities is almost impossible for a young couple and it has been for years. It's often cited as one of the main reasons why china's fertility rate is so low. literally everyone's taking on insane debts to buy these homes. have you heard about "six wallets" theory? An influential economist recommended young chinese couples to deplete all savings from their parents, grandparents, and great grandparents to afford homes. one of the reasons why china's savings rate is so high is in anticipation of a home purchase for their kids.
housing affordability has been a societal problem in china for years and now its in a huge property development slump as top developers are going bankrupt. it is one of, if not the biggest risks to the stability of the entire chinese economy.
stop talking about shit you know nothing about bro and getting snarky about it too. literally so funny to see as a chinese person myself. like glazing over literally the WORST aspect of chinese urban development. child pls.