China Cracks Down on Wealthy Who Don’t Buy Homes, Next Target: Those Refusing to Have 3 Kids

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China's economy is sluggish, and the real estate market continues to slump. Qingdao, Shandong's largest city and an important coastal center, has seen house prices fall back to 2016 levels. Local authorities are trying various measures to boost the market. Recently, a street office in Qingdao called for interviews with residents who have large bank deposits but are not buying houses. This move was mocked online.
A Chinese WeChat public account, "Three Young Men," published an article on June 10 titled "From Malicious Non-Buyers to Deliberate Non-Parents."
The article mentions that a Qingdao street office issued a task notice to promote home-buying policies. If residents with large bank deposits were found not buying houses, it was deemed a lack of awareness, warranting a reminder talk. This task was included in employee performance evaluations.
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Опубликовано:

17 июн 2024

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Комментарии : 637

@user-ll9qk2el4d 9 дней назад

Next, the communist officials will crack down on poor people who don't buy enough instant noodles.

@kristineyost6977 9 дней назад

Ha, ha, love you.

@piotrmajewski5978 9 дней назад

No. Electric cars first, then solar panels ( Yeah I know they make no sense on high rise buildings, but its communism)🙃

@JohnJaneson 9 дней назад

If they are true socialist, they should just be giving them away for free.

@jojox5136 9 дней назад

They'll just steal your money next

@vueport99 9 дней назад

And women who don't have 3 kids

@sandeeprawat8475 9 дней назад

Wolves want sheeps to breed

@kristineyost6977 9 дней назад

That is the truth.

@stevenjones916 9 дней назад

100% correct. That is how the wolves get fat.

@delick01 9 дней назад

Same in USA and any government governed country

@delick01 9 дней назад

@@palvierflex4344 You need managers and workers. If all are managers, who will physically work?

@platinumpig 9 дней назад

@@delick01 Just the opposite. In USA they hand out free abortion pills. They want us all to die off so that Blackrock can buy up all the land for cheap.

@cenationofjnu 9 дней назад

all the rich Chinese and corrupt officials who bought many apartments at higher rate must be very sad these days.

@averybaumann 9 дней назад

They'll just force the poor to but them.

@johnAdams-oc1oj 9 дней назад

These officials have cash lined the walls and millions worth of gold and liquor, i think they will be fine

@jarodarmstrong509 9 дней назад

the actual rich Mainlanders own apartments in NYC packed full of jewelry, art, and other shit bought to get around the capital controls. source: I sold many of them six figure priced jewelry items they didn't even ask to try on before putting a bag of cash on the counter

@manoj1350 9 дней назад

@@jarodarmstrong509 is the jewelry really worth that much 😂😂

@jessicascoullar3737 9 дней назад

@@manoj1350they are shiny rocks and minerals whose only job is to look pretty. They are worth what people are willing to pay as their only value is the desire to own them.

@ctabs6646 9 дней назад

THIS is one of the main reasons why a cashless society is scary...imagine the government knowing how much you have in the bank.they are now forcing society to invest the money when the economy is down. No jobs and unstable economy

@KoDeMondo 9 дней назад

Yep they own you and your money that is a wake up call for everyone of us and I believe this is the main reason why Chinese are buy a lot of gold

@Alfha_Robby 9 дней назад

Except even these gold is fake with the inside filled with lead

@bernardlouis4629 8 дней назад

This is why the CCP likes WeChat so much. They can control every aspect of your life with it.

@curtisalex456 8 дней назад

This is why the WEF is pushing the rest of the world towards a cashless society!! scary time ahead!!!!

@clownbackpainrick6581 4 дня назад

what makes you think, that the state (some elements of it aka intelligence) cannot get this information in all countries over the globe. Think about what snowden gave us for information.

@merphul 9 дней назад

Stepping closer and closer to mandated breeding sounds awfully dystopian.

@MK_ULTRA420 9 дней назад

Wouldn't even be new for China.

@chickenmanv7 9 дней назад

I mean the one-child policy sounds like one.

@merphul 9 дней назад

@@MK_ULTRA420 yeah, non-consensual terminations of pregnancies was not what one would call utopian either. But somehow forcing people to have children they don't want or can't afford to have to provide labor for the economic mill seems somehow more twisted. As tragic as it is to deny people children that they might want, force children to have parents that don't want them seems worse.

@MK_ULTRA420 9 дней назад

@@merphul At this point, I believe that the Chinese people have the government they deserve.

@BigBowl9 9 дней назад

They gonna do the gengis Khan lottery lmao

@phantomdance 9 дней назад

Malicious Non-buyers. wow.

@solomongrundy9735 9 дней назад

My thoughts, exactly.

@mah7961 9 дней назад

It’s turning into one of those countries where you are damed if do and damed if you don’t.

@richardbossman9875 9 дней назад

Kinda sounds like something entitled women would call men who refuse to “ man up” and get married. They are HUGE mad that men are finding happiness without requiring them.

@door1479 8 дней назад

@@richardbossman9875pasport to Philippines bro its the greatest

@k9killer221 9 дней назад

The root cause for all of this malaise is CCP direct control/intervention in all aspects of social and economic activity. This never works. Now the CCP is in debt to itself with nowhere to go, and Western investment has run away.

@pablosskates7067 9 дней назад

Western investment might return if they issue enough threats. Like hey you, yeah you dumb ass, give us money!!

@tanalson 9 дней назад

Even japanese, Korean and Taiwanese companies has fled china. Even china's neighbours don't want to do business in china

@KoDeMondo 9 дней назад

Wastern investment has not only run away but it's passed away..

@powershift2024 9 дней назад

What a minute, you mean communism doesn't work??? I wish there were 44 different examples you could point to. Oh wait, there is... 👀👀

@seraph3761 8 дней назад

Dictators dont believe their people should evolve, thats why the US has succeeded because it decentralized power among its citizens.

@justintie 9 дней назад

"malicious non-buyers" sounds very communisty

@thuandao4243 9 дней назад

Sounds insane 😂…. next, people homeless or not, must have more babies or face jailed .

@patrickt49 9 дней назад

Well they are aren't they?

@charliefasurf1000 9 дней назад

it's an ironic statement from some bloggers, mocking this policy. have you ever tried breathing with your nose instead off just mouth, to get more oxygen to your brain? thanks.

@ronnelacido1711 8 дней назад

They should have just used the word "saboteurs".

@melvinjansen2338 7 дней назад

Not very patriotic to not buy (aka lease for 75 years), a house. Do you not love your country? Do you not support the current government under heavenly father Xi?

@blue-phoenix115 9 дней назад

Closer and closer to North Korea

@RatTerminator 9 дней назад

Already there

@kristineyost6977 9 дней назад

True

@w.reidripley1968 9 дней назад

Camazotz On The Yangtze.

@ProjectILT 9 дней назад

Not even North Korea controls what people spend their money on, or how many kids they must have

@jamesanakin 9 дней назад

We're now in the era where china wishes it had the construction quality of the DPRK.

@buggyman286 9 дней назад

Only in china when buying a condo you have to punch the wall hard to see if its filled with styro foam 😂

@JohnJaneson 9 дней назад

It could be worse than styrofoam.

@KoDeMondo 9 дней назад

Oh jesus 😂😂

@justinpatterson5291 9 дней назад

Punch? More like, lean against.

@marlan5470 8 дней назад

Punching the styrofoam wall is an American thing. In China, all you have to do is look at the wall and it will crumble.

@yumikumi2 6 дней назад

@@marlan5470 yeah, I live in a house in the USA and someone thought it would be a good idea to fill one of the walls with styrofoam, it took me by surprise that grown people thought of this. The styrofoam broke apart and now I’m stuck sweeping up styrofoam pieces, replacing this stupid wall this year.

@jamegumb7298 9 дней назад

Well, if you do not buy homes or have the kids we want, give that cash to us. Now. This is not a request.

@sleepinglaffey3886 8 дней назад

5G AI Financial expertise

@donbeam4072 9 дней назад

If you buy a house in China the buyer will be in big trouble from the way they are built

@ProjectILT 9 дней назад

I remember seeing a video like 10 years ago, there were some small anti-china protest around college campuses here in the US/Canada, and chinese supporters also showed up to I guess oppose those protests. Needless to say these chinese supporters were college aged people from china here on a student visa, most likely with parents decently wealthy. They were asked on the spot why they would support the chinese government and their authoritarian style of ruling, and they basically answered "Because as long as we are prospering and getting wealthy, who cares?". This was 10 years ago so the chinese economy was still fine and the freedom crackdowns weren't that extreme. I would love to see those that got interviewed to answer again today.

@ferriswheeler08 8 дней назад

Tofu dreg

@sleepinglaffey3886 8 дней назад

@@ferriswheeler08 5G AI Slopexpertise

@khonhlo1476 9 дней назад

Blows my mind that rich Chinese trust their government enough to put that amount of money into their bank. You should only put what you are willing to lose. Especially in china.

@russellstyles5381 9 дней назад

This is why so many are buying gold.

@ChekhovBla 9 дней назад

They have gold in cellar and money in foreign banks. If you have kid, it is perfectly ok in eyes of CCP to have a plump account in a foreign country for your brat to study and live there.

@TennSingtsuan9697 8 дней назад

Cashless society.

@anushagr14 8 дней назад

Where else could they store? It could get stolen in home, can't invest in stock market. The only safe asset was real estate which is not doing well.

@khonhlo1476 8 дней назад

@@anushagr14 Divide you assets with cash in multiple banks and gold. The video indicated that the client has a lot of money in the bank which is why they contacted them to force them to invest.

@serpentinious7745 9 дней назад

You're better off buying a sand castle than a house in China. At least the sand still has value after collapsing.

@garymcderp1146 9 дней назад

😂So NOT buying a house or an apartment will now be considered as “picking quarrels and provoking conflict.” No wonder so many mainlanders are fleeing to the Mexico/U.S. border.

@jacquesmertens3369 8 дней назад

Why doesn't anyone want to buy apartments made of cardboard and styrofoam?

@GonthorianDX 9 дней назад

Literally 1984

@JohnJaneson 9 дней назад

Probably their guidebook and secondary bible in party meetings.

@stage6fan475 9 дней назад

Most of the houses available to buy are bound to be Tofu dreg palaces, ready to zero out the buyer's equity in no time. Imagine being a chinese worker bound to know about how shoddy most construction is, and then getting forced to buy.

@KoDeMondo 9 дней назад

😂😂😂😂

@KoDeMondo 9 дней назад

I agree with you buddy but worse than the tofu houses in China we have the cheese house in Australia

@captaindoomsdayreloaded6685 9 дней назад

I remember at the start of this housing crisis, a CCP official was telling the people. If you own one house, buy two. If you own two, buy three. In a year, this will be the CCP's official policy.

@iforgotmyscreenname1 9 дней назад

Keep in mind that some of the homes being sold are not built yet. So, if the construction company goes bankrupt, there goes your money. Or perhaps it's a pyramid scheme, they are trying to sell a home to Peter to build Paul's house (a previous buyer). And then sell Larry a home to build Peter's house.

@bobsacamano7653 9 дней назад

exactly a pyramid.

@TheGhostFart 9 дней назад

it's always been a ponzi scheme

@bobsacamano7653 9 дней назад

I would get a "reminder talk" for both not having a house and not having children. I would probably end up in jail.

@mathewphoria7228 9 дней назад

economics classes for the next 300 years will use the ccp as an example of exactly what not to do and why those tactics can never work.

@MirandaSinistra 9 дней назад

Unless that class is being taught by a communist. In which case, it'll be used as an example of Not Real Communism™.

@mikolowiskamikolowiska4993 6 дней назад

Nah They'll tout how they brought 400million out of poverty

@sherrysmithrice1973 9 дней назад

Those aren't homes. They are apartments.

@johnk8936 9 дней назад

Being poor and not buying a house is being malicious?

@meddlingmage23 8 дней назад

If I got a notice like that, I would use that money I have to illegally get into another country.

@kateryan9988 9 дней назад

Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanely possible.

@JohnJaneson 9 дней назад

Perfect.

@arfanmedni7294 9 дней назад

Already have

@lucefina5091 9 дней назад

🤝🍻🥂

@lovelife2700 9 дней назад

yes 👍🏽

@DanielDeBenoit 9 дней назад

Most of the products I buy are not "Made in China". I will cancel to buy a product if I find out it is "Made in China" it that product is not absolutely necesary for my survival, which most of the times it isn't...

@RichardDong68 9 дней назад

By this point, nobody will do ANYTHING that the officials want, at least until after the job market is fixed, the cost of living in general is lowered, and the poor citizens get a significant reimbursement of all the crap they endure.

@bunnyfufu9933 9 дней назад

Madness... they have already taken from the poor, now they going after the rich lol

@Enonymouse_ 9 дней назад

The rich who can go, have already left.

@curtisalex456 8 дней назад

There was one province where they put a special tax on doctors 😂😂😂 A "normal" doctor had to pay a certain amount. A "manager" doctor had to pay more A "director" doctor had to pay even more etc... To justify this "tax", "they" said doctors received a lot of bribes!!! It was time for the doctors to pay back 😂😂😂😂

@Spoopball 9 дней назад

Immediately people stop using banks lol

@NickJaime 9 дней назад

Lol, how do you maliciously not buy a house? So, is saving money in general illegal now? The only saving is to buy a house. That is crazy because most houses are 3 generations in cost.

@wesker911 8 дней назад

It's Xi's money and he wants it back. Loan Shark Supreme leader.

@daneo617 9 дней назад

No worries, the CCP is what we refer to in America, as "Too Big to Fail." 😉

@sabincioflec8413 9 дней назад

The roman empire taught us otherwise. The only reason in 2008 too big to fail worked is because the economy still had a shot to bounce back. Now it's not the case, not in America not in China. The only way things would work is making billionaires transfer capital to normal people and that would stimulate the economy, but you won't see that happening ever.

@oodo2908 9 дней назад

I think you're correct. Everything is planned. They have an insane gold reserve and are going to revalue their currency with BRICS. Petrodollar is not renewed. The dollar isn't backed anymore. The Chinese will push both CH and US economies to crash all the way, and then 'rise like a Phoenix'.

@mickeyk8380 9 дней назад

@@sabincioflec8413 billionaires transfer money to normal people and then we're all the "same". Marx and Lenin would be so proud of you 😂

@sabincioflec8413 9 дней назад

@@mickeyk8380 If there will be a cap on poverty, as in a minimum to survive then you need a cap on wealth. No person should have more than a billion, even that is too high. Anybody thinking otherwise is put simply, a moron. Also there is a grey zone between corrupted capitalism and communism, but most people are just so stupid that everything is either black or white. Just make a toy game, if you would have a village of 100 people and 2 of them would have 50% of the resources and 10 would die of hunger, would that be normal in your little head?

@tukkajumala 8 дней назад

@@mickeyk8380 We would be the same for a grand total of one day. The very next day the previously rich would start becoming wealthy again and the previously poor would start a very short slide back to poverty. Within a year the situation would be pretty much back to where we began, although a lot of booze would have gone down poor people's throats at the billionaires' expense.

@dannydorito2954 9 дней назад

"Wait, thats illegal!" Oh honey. First time in China?

@bruderbro907 9 дней назад

More scary, that is the statement from Chinese citizens. They still can't believe as they have been kept in the deep dark.

@noniboo1521 9 дней назад

I would never buy a home in a tofu high rise building in China.

@chubbyboo2218 9 дней назад

its pathetic how desperate the regime is ... there over 1 billion chinese yet they submit to a few million ccp ...

@pauljackson1975 9 дней назад

"Numbers are the enemy of the People!"

@sleepinglaffey3886 9 дней назад

WOW SO GOOD

@Carnyzzle 9 дней назад

Can't wait for people to get arrested for not buying an EV

@AlexLee-je5jg 9 дней назад

Nah, for not buying an electric scooter so the police can confiscate them later.

@minhminh2011 8 дней назад

Công an giao thông Trung Quốc thu giữ xe máy điện đã mua 1 năm trước, ép người dân phải mua xe điện mới. Đồ điện nội thất cũng bị ép phải mua mới

@riccardoz2953 9 дней назад

Its the rule of true free market. If u sell crap building at overpriced price... nobody will buy. Then price drop😂

@karlp8484 9 дней назад

Aww, and I was just about to pick up some sweet, sweet property deals on the Chinese market. Not. The Chinese have even exported their property bubble overseas. In Malaysia (for example) Chinese property developers have got massive apartment complexes as ghost towns which have never been occupied.

@KoDeMondo 9 дней назад

Well in Australia they have bought a lot of houses.

@karlp8484 9 дней назад

@@KoDeMondo They certainly have, and that is a much better investment than their own market.

@kyrusinek 9 дней назад

Why buy a home that might not be built and even if it was it would collapse. Why own a home that cant really be passed down to your children due to all homes are leased and on leased land. Even if you had the home and it was built well is there enough stable work to even begin to pay off a mortgage. Why buy a house when the price will drop the moment you buy it, leaving you unable to sell and in debt. Now your being forced into buying a home. Imagine if the government came and forced you into paying a bad investment. (At that point just take peoples money from the bank, just openly rob them) Its certainly a unique issue, while housing in Europe is overpriced and there isn't enough, China has over abundance, its cheap, has people in need of housing but no ones buying. (Even if they want to and have the money)

@KoDeMondo 9 дней назад

Because people is not stupid and they have no job to attach to it

@marlan5470 8 дней назад

There is plenty of housing in Europe but the large real estate companies are dominant and decide the prices. They successfully lobby governments and the rest of the population is stuck with the situation.

@jeffotoole4509 9 дней назад

That was awesome. Too much money in the bank and you had better buy a house. I love it.

@Ghekko-kw3zz 9 дней назад

How many people would buy homes in other countries if they had to gift them to the government in 70 years?

@jool7793 9 дней назад

Don’t pay your taxes and see what happens to your “private property”

@Ghekko-kw3zz 9 дней назад

@@jool7793pay them & your house goes to your children or favourite charity. Pay them in China it goes back to the government anyway. Ludicrous

@perisreenivas2711 9 дней назад

Assuming that the house hasn‘t crumbled within 70 years.

@noniboo1521 9 дней назад

@perisreenivas2711 house will fall in 20 yrs with 50 yrs more payment for a home that no longer exists.

@JohnJaneson 9 дней назад

@@jool7793 not the same. In US system, they will auction your property and will give the entire sales money to you, minus the owed taxes. And you are free to purchase another similar land with the money. It's far better than just suddenly have no ownership at all after 70 years.

@TorBoy9 9 дней назад

China does not need more Chinese people. They need to get used to the number they have now (statistical 10 year old lie) or more realistically the marked drip in population. The oversupply of apartments cannot be mitigated by the CN gov't. These apartments are only concrete shells. The apartment buyers need to spend their own money to put in flooring, a kitchen, bathroom, ceiling, walls. Who has this money for renovation on top of the apartment purchase? This is a huge difference from a new Western apartment.

@smokiedapoo2 9 дней назад

“Anyone who maliciously does not buy a house! 🏠 😵‍💫😵‍💫😵‍💫 The Chinese have become so absurd.

@mikezclips6735 8 дней назад

why are you surprised? they even try to claim the entire south east asia sea! hahahaha

@_-_SK_-_ 9 дней назад

lol. imagine being single because no woman wants you and you're forced to find someone to have kids...

@russellstyles5381 9 дней назад

Lot of woman that can't find a husband. Don't understand how both can be true at the same time.

@raze956 8 дней назад

@@russellstyles5381 you havent much experience, do you? its well known that both woman cant find husbands, and men cant find brides in china. if you know some things about the dating market you would understand how both can be true at the same time :D

@mastergems5145 8 дней назад

So your money in the bank isn't yours? Its the government and you need to use it on property that you don't need, destroying your financial security and putting you into future debt?

@user-qg2ze6ui5c 9 дней назад

How long is going to take you to understand, one man cannot fix everything. Natural Supply&Demand naturally controls😮

@glum75 9 дней назад

The 7.5% down payment will be the selling price of some homes in a few years.

@JohnJaneson 9 дней назад

"price of some homes", the lucky ones. Meanwhile the other ones are zero.

@charzemc 9 дней назад

Communism, dictatorship, same thing.

@Jensasha 9 дней назад

"Ah, dear friends, it seems to me that perhaps the good people of this fair city have finally grasped the slippery nature of this market. The recent drop, you see, has left many a soul with a condo that's lost its luster, its value dwindling like the morning dew on a summer's day. And for what, you ask? So that those less worthy, those who would gamble with the very fabric of our economy, might indulge in the illusion of buying when the winds of prosperity do not blow in our favor. But I ask you, dear friends, what is the point of such folly? Is it not time for us to awaken to the harsh realities of this market and to seek a path that is guided by prudence and wisdom?"

@JohnJaneson 9 дней назад

Those so-called homes are not ownership of land. Uninhabited, they will decay into rubble very soon, irreversibly. Purchasing them is just evaporating cash, because rubble without ownership of land cannot be resold, meaning they cannot be turned back into cash.

@kuebby 9 дней назад

The idea of saying "How can they do this? It's illegal!" about something that happens in China is HILARIOUS. Their laws are meaningless.

@arfanmedni7294 9 дней назад

Not property investors, but property speculators.

@copperredd 9 дней назад

Malicious non-buyers and deliberate non-parents....😂

@vmbay2212 9 дней назад

Interesting you can barely survive and feed yourself or pay rent; But you should go and buy a house? Please make this make sense ?

@kagepoker 9 дней назад

Prices must crash more so the poor can afford it easily!

@ChickenMcThiccken 9 дней назад

if you dont spend money, you go to jail?

@ssark9187 7 дней назад

Yes.

@Enonymouse_ 9 дней назад

Haha, a lack of awareness. No, I'd say they're very aware of the scammy land deals.

@ssameerhrizvi 9 дней назад

how are they forcing people to buy homes?

@arfanmedni7294 9 дней назад

Carrot first, then stick later

@mickeyk8380 9 дней назад

Not yet forcing now they are just suggesting that you should (like mafia). If they keep refusing they will probably just say, you are a western spy and send them to labor camps

@bearstarpresents2264 6 дней назад

They monitor your entire life and give you points for activities. If you don’t meet expectations, you lose your “privileges” like having a job, or right to travel, or just plain prison sentences.

@DruimNanDreur 9 дней назад

"COMMIE CLOWN PARTY" FKD THEMSELVES UP.🤣🤣🤣🤣🤣🤣👏👏👏👏❤❤🤣🤣🤣🤣🤣🤣

@deadby15 9 дней назад

A crack on the head Is what you get for not asking And a crack on the head Is what you get for asking The Smiths - Barbarism Begins at Home

@cyberslim7955 8 дней назад

"Reminder talk" OMG! 🤣

@joernone 9 дней назад

Can't even imagine living in one of those tofu-dreg highrises.

@garymcderp1146 9 дней назад

HURRY UP AND BUY!!

@dagalasatish415 9 дней назад

Why build so many homes if there is no purchasers

@foughtthelol 9 дней назад

Sounded good idea at the time.

@MNcoquicoqui 9 дней назад

The Chinese government doesn't follow the principles of supply and demand. THEY JUST BLINDLY BUY BUY BUY BUILD BUILD BUILD WITHOUT ANY THOUGHT AT ALL.

@stormtrooper2170 9 дней назад

Chinese always believe: "If you don't have a big head..don't wear a big hat."👈😁😁

@markmaker2488 7 дней назад

To the reporter, thank you for taking the time to finally put proper effort into editing the narration. I will subscribe now.

@sofjanmustopoh7232 9 дней назад

Bought too many apartments will get you swept up in anti corruption campaign 🤣

@mds33483 9 дней назад

Don't think of any real way to support families, if there was real support being provided then around the world population wouldn't be crashing down in developed areas. Trying to come up with ways to punish people who aren't able to afford giving birth to kids is just evil...

@tundeuk 8 дней назад

We complain about China but the west is going the same way. When you buy a house here in the UK, the government can now dictate how you use your house, how many people you can rent to, as well as dictating new overreaching rules on how you must heat the home. We point fingers but slowly do the same thing.

@bullpup1337 8 дней назад

that is not the same

@El-Ge 9 дней назад

Parents: "We have a house and only have 1 child. Why shall we buy 2 or 3 houses?" New Family: "We have a house and do not want to have any child. Why shall we buy another house? Youth: "I have a house and will not marry anyone. Why shall I buy another house?

@haianh3936 9 дней назад

Thank you buddy

@SeArCh4DrEaMz 9 дней назад

Given the disastrous consequences of the one child policy and the imbalance that followed as a result between male and female population, penalizing people who dont have enough children seems unnecessarily cruel and sadistic, unless you legalize polygamy... PS: I meant polyandry :)

@averybaumann 9 дней назад

What is never mentioned is that son's are LEGALLY obligated to pay parents expense and can be dragged into court to pay them. Male children are literally the retirement plan for parents while girls are viewed as an expense

@bobsacamano7653 9 дней назад

The reason people all over the world aren't having children is because it is too expensive. The rich are too greedy.

@paulh.9526 9 дней назад

I'm assuming you mean polyandry, because you have an excess of men, not of women

@SeArCh4DrEaMz 9 дней назад

@@paulh.9526 yes you are correct, my mistake

@tanalson 9 дней назад

Imagine the government is forcing you to buy Tofu-dreg property where there is no demand for tenants too. Even people with jobs don't want to rent a room and would rather sleep under bridges and parks.

@t84t748748t6 9 дней назад

o no the wont buy my tofu dreg and we cant not sell them because the wil fall apart if we wait to long

@DomnulSarb 9 дней назад

"malicious non-buyer"......Jesus fucking christ

@stage6fan475 9 дней назад

Orwellian.

@captaindoomsdayreloaded6685 9 дней назад

Double plus good.

@tonivaripati5951 9 дней назад

not much demand for shite housing, and some of it is not even safe to live in !

@rudiwiedemann8173 9 дней назад

This housing problem is worst in the Province of Fa-Que

@wesker911 8 дней назад

Neighboring Fa-Que Tu is also having housing issues

@thowphak2886 9 дней назад

If only the military would wake up and protect the people instead of it's abusive leaders,I really feel sorry for the good Chinese citizens.

@1Nanerz 9 дней назад

Malicious non buyers?😂😂 how dare you don’t purchase an asset that’s collapsing in value!

@xPablo1376 9 дней назад

They buy American homes since they can own them vs 200 year lease agreement

@TT-dp8qh 8 дней назад

I heard the wealthy people fled China started in 2010. They also took all the money with them. This is the reason there is shortage of cash in China banks!

@phatphan1403 8 дней назад

This is a ruling tatic of Chinese feudal government dated back thousand of years ago. It is called "growing and cutting chives". Basically, common people are considered as "chives". They are meant to enrich the upper class, not for enriching themselves. Thus, governmental policy is established to encourage wealth accumulation i.e. "growing chives", and then changed to shift those wealth to people in power, i.e. "cutting chives".

@JoeBlow-fp5ng 9 дней назад

Forced marriages and forced pregnancies coming soon.

@natsuds1071 9 дней назад

I find this funny cause it's true😂😂😂

@PeterRudesindus 3 дня назад

Prices have to drop no matter what. But apparently they don't understand that.

@ETr4d3 8 дней назад

last year placed an offer for a 2bed apartment near Shanghai, prices dropped from 2-3M to 0.8M, my offer is at 0.3M

@mattanderson6672 6 дней назад

Rise up People of China

@MrWackozacko 8 дней назад

Chinese version of Blackrock, Brackarock i think its called, is going to have a field day

@tubirrr4569 6 дней назад

It's better to store a gold on deposit box in your home rather than bank at that point

@achong007 8 дней назад

The big mistake is those homes need to be built and finished... In the US, you never buy a home unless it is finish, then you check the home to make sure it is ok, then take a loan and buy it. Never before the home is built.

@floxy20 9 дней назад

People are being nationized.

@Amblin80s 9 дней назад

This was a really great video. Thank you for uploading! It's crazy that the CCP expects people to buy homes when there have been so many scandals of corrupt developers not finishing homes, and if they do, it can collapse out of nowhere, and the government itself can seize citizens' property at any time! Why would people bring children into this situation? Especially when the "incentive" is increased pension/social security which won't even be around by the time those parents get old, just like in the US. If the CCP had just stuck to the letter of communism to start with, everyone would have adequate housing and no billionaires would be taking the country's money overseas. And the idea that they would call it "malicious" to not buy a home??? So crazy. What I do agree with is the CCP buying the unsold homes at a discount to convert to affordable housing, although even that method needs to not be corrupt in order to do actual good.

@fefefan17 9 дней назад

The prices are absurd 🗣️ They need a reset 🗣️

@tukkajumala 8 дней назад

This will lead to a very simple outcome: corporate homeowners will start paying homeless people to buy their houses! They will pay them something like 50000 yuan and cover the down payment for a bank loan, forge occupational information to loan documents and dress them nicely to get a loan for them. Corporations get rid of houses for a reasonable loss and move on. The homeless person will spend his 50000 yuan on booze, food, gold or whatever and moves on. He does not care about his credit score and can never pay anything to the bank. The house then becomes the bank's problem.

@bullpup1337 8 дней назад

smart. Probably already happening, knowing the Chinese….

@goldenpony822 3 дня назад

🧐🧐

@pmshah1946 8 дней назад

1 billion worth property for 30 million ? Really ? 3¢ on $ ? 97% discount? What kind of thievery is being practiced by CCP in this situation?

@dennisc-db7en 7 дней назад

wow, downpayment is just 7.5%. it just make the risk even bigger

@PushedAside 8 дней назад

An apartment box in the sky is not a home.

@Nguyenducky 8 дней назад

This will drive people to buy more gold (instead of keeping large deposit). It also makes gold much more valuable as property - and gold will rise in price due to demand.

@craigmcpherson1455 9 дней назад

I remember a story on this channel where there were cities where landlords would let someone live in their place rent free as as that person paid the utilities.