Views: 1847|Replies: 33

Why do Chinese have so much of their wealth tied up in housing? [Copy link] 中文

Rank: 6Rank: 6

Post time 2017-4-13 20:39:26 |Display all floors
This post was edited by senoritazhao at 2017-4-14 10:06

housing.jpg


In the past decade, China's real estate market has been magical for investors. The housing bubbles just got bigger and bigger, rather than bursting, as predicted by the pundits. But rising alongside housing prices is the levels of depression and anxiety among Chinese people. Those who have bought property want to kick themselves for not buying more. Those who haven't worry they'll never be able to afford to get into the market. It seems all Chinese are driven crazy by the ever robust real estate market.



Why must Chinese people buy a house or an apartment for their lifetime despite of the frenzy property price?




Use magic tools Report

Rank: 4

Post time 2017-4-13 22:21:15 |Display all floors
I wonder why Chinese persons even need to ask this? Aren't they educated about their own country's rules and regulations in school?

On second thought, I guess not - given that the country has been governed and ruled by men instead of law.

Use magic tools Report

Rank: 8Rank: 8

2016 Most Valuable Member Medal Gold Medal

Post time 2017-4-14 06:46:59 |Display all floors
The biggest losers may be the rulers, i.e. the Party. When the saturation point will be reached, the buying frenzy will cease and with that the bonanza for the towns that sell the land.

Use magic tools Report

Rank: 1

Post time 2017-4-14 11:21:44 |Display all floors
we don't have any other ways to protect our wealth from being robbed

Use magic tools Report

Rank: 8Rank: 8

2016 Most Valuable Member Medal Gold Medal

Post time 2017-4-14 13:08:19 |Display all floors
frank123 Post time: 2017-4-14 11:21
we don't have any other ways to protect our wealth from being robbed



But your princelings and fat cats do. They have laundered their lucre through the banks to a foreign tax haven.

Use magic tools Report

Rank: 8Rank: 8

2016 Most Valuable Member 2015 Most Valuable Member 2014 Most Valuable Member

Post time 2017-4-14 13:22:10 |Display all floors
frank123 Post time: 2017-4-14 11:21
we don't have any other ways to protect our wealth from being robbed

You could put it in a bank

Use magic tools Report

Rank: 4

Post time 2017-4-14 13:32:57 |Display all floors
dusty1 Post time: 2017-4-14 13:22
You could put it in a bank

In "socialist" countries there is always a danger of state confiscating everything within their borders. I mean, it was not always glorious to be rich in China.

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.