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I’m paying 3x my states monthly minimum wage for hourly workers to own in a fairly modest 1100 sqft house in a semi walkable area in a major city.
Before here I used to pay my states monthly minimum wage for hourly workers to live in a fucking slum just outside the city. House was by an interstate so I got soot on anything I left outside, all the houses in the neighborhood were water damaged and molded to hell, the roads were so cracked it was fucking up cars, and everyone who lived there seemed miserable.
It’s grind or die, I got so fucking sick living in alleged affordable housing. Nerve damage and all kinds of weird chronic health problems from living in such a toxic death trap for years. They don’t call it the Dirty South for nothing, this place is completely fucked.
In two years I’ve paid $104,000 to my mortgage!
…why is it only $17,000 lower…
Housing as a commodity instead of a human right will continue to be a blight on humanity.
Doesn’t China have an issue with 65 million of their homes sitting empty which belong to people with no intention to ever move in?
It’s my understanding that owning a home in China is seen as social leverage so people buy homes that don’t even benefit their lives.
This isn’t too be a pessimist, I do think China’s rising middle class is much better off than it has ever been. I just don’t idealize their housing.
There was a problem with using housing as an investment vehicle, yes, though the state took action against that, destroying the “market” for balooning housing prices.
How did they deflate the market? So it wasn’t social pressure but rather economic pressure that led to it?
“Houses are for living, not for speculation.”
The state implemented strong controls on credit and to curb debt in the property sector. Strong positions against real estate investment.
How britian almost solved the housing crisis
Or, you know, do what China is doing. You dont have to agree with someone to learn from them.
That last sentence in particular
BUT AT WHAT COST?!
No seriously how much does it cost I need affordable housing??
Renting is when your landlord makes you pay an extra 25 dollars a month because you yelled at him one time over leaving cat shit in the shared bathroom all day
Shared bathrooms, what a concept.
China is building a middle class, Americans are ripping it down.
China is building a working class-centered society. Class isn’t really determined by wealth, but by relation to production and distribution, and this is why China’s approach has consistently resulted in continuous improvements!
Isn’t the land underneath the house never owned by the person, always the state? So while they may “own” the structure, it’s always in doubt of whether they will be able to lease the land again after the current lease expires.
it’s a lifetime lease and prevents the accumulation of generational wealth in real estate. not flawless but generally still miles better than what westerners have. (nothing)
It does? Do you have anything to back up that claim?
the fact that real estate is dirt cheap and therefore it’s not a feasible way to become a leech (landlord) and live off rent because it’ll not pay off
That’s not backing it up, that’s saying “nu uh” in an echo chamber.
Do better. Cause I actually want proof. Like, please, give me proof it’s better.
Uh if the 90% overall homeownership rate isn’t “backing it up” I want to know how you define “better”
eChO cHaMbEr
OK, do you have a source for the 90% home ownership rate?
Why? Do you have evidence that suggests otherwise? Is there a particular reason you’re so adamant that China’s system must be worse than the commodified system we have in the west?
And what’s the problem with that?
This may be a hot take but I think there should not be forever private ancestral lands.
The city/state should periodically get the land back and resell it to cover the ever changing maintenance costs (heck you are paying this with the increasing property tax)
The city/state should have a relatively predictable timeline of when they can reliably gain control of a land back so they can plan development around it (particularly infrastructure) and not deal with someone who know they can just squat on such land to sell for an inflated price.
Having an “expiration date” on the land is a surefire way to stop ever increasing property prices, getting a home with a shorter remaining lease period might be preferable for some who is not going to stay there permanently but long enough to want to own a home and having these options be a cheaper option is a very good thing. Such expiration date also means it is easier to modernize each property as needed, this will not be the death of historic buildings because the city/state still can make exceptions for them if needed.
Also how many of the US-ians are getting a house as their inheritance anyways? Oftentimes when a generation passes away post retirement, their house gets sold to some investment firm and becomes a rental.
Yeah the us would never force anyone off of land.
Every government does, that’s no “gotcha”.
The US did and does it.
China did it with 1.3 million people to build a dam.
Russia is doing it in Ukraine.
Doesn’t make it any of the instances right.
Human Rights Watch? Seriously? Do you look into your sources at all, or are you just happy to spread imperial apologia?
Wikipedia is a terrible source for current affairs.
Your attempts to smear the three gorges dam project are part of a tradition older than the Internet. Of course, the human rights watch was all over that propaganda.
What is owning the land anyways?
How long is the lease for?
70 year lease, renewable via application.
The land under your house is owned by the Indigenous people you stole it from. So while you may “own” the structure, when Indigenous law is restored after the illegitimate occupation falls, you will be told to GTFO.
That’s incorrect.
Indigenous people as a general idea did not believe that land could be owned by an individual due to viewing the Earth as one’s relative, requiring respect and care, as are all the animals and plant life the land supports. Judeo-Christian religions, likely along with many other religions that I haven’t studied from Eurasia and Africa, view land as being able to be subjugated like cattle or sheep.
This is unlikely to change until climate change and its disasters convince people that they need to actually take care of the earth.
Good.
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lmfao a western-backed “freedom index” is not a substitution for media literacy, nor does it excuse you from providing literally any material evidence to support your argument.
Also, do you want to explain why Israel is ranked at 112; 50 places above Venezuela and Palestine; and why Saudi fuckin Arabia is right there between VZ and PA? Seems to me like this “freedom index” doesn’t correlate very well with democracy or human rights, much less evidence-based journalism or state transparency.
china, being a dictatorship of the proletariat and having an actually-working participatory democratic process, has its press in the hands of the people. western countries, being dictatorships of the bourgeoisie, have their press in the hands of a few billionaires, and somehow according to shitlibs that makes it “free and fair” lmfao
Ah, the same Reporters Without Borders gaslighting the world about journalist deaths in Gaza?
You know how it’s frustrating when far right reactionaries roll up in lib spaces on reddit spewing propaganda the sources of which they haven’t investigated critically? That’s you. You’re doing that here. Please stop.
Amazing, capitalist press saying capitalist press is limited in China and that’s “scary.”
As nice as it sounds a ton of ppl are still on the streets on both sides
Even tho one has ghost cities
Neither has ghost cities, but one has ghost towns in the southwest and the rust belt.
Mb i meant towns
Where source?
Wikipedia and chinese news channels?
Wikipedia, the bastion of objectivity on everything remotely political or controversial.
No URLs = didn’t happen
As for homelessness both sides will spout nonsense about it being fake while social sites like reddit and douyin show otherwise
Not really, the PRC has incredibly low unhoused rates, and the fact that they build cities anticipating future demand is part of why that happens.
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You’re going through the back catalog just to make racist boomer comments in week-old posts?
