AND ownership in the USA actually means having a mortgage and giving the bank a lien on the asset which they can then use to collateralize lending 10x more money, which expands the money supply for bidding wars to continue driving up home inflation.
And then you realize that China doesn’t even have property taxes on homes!
I mean yea thats basically it. Anytime you tell someone that an issue in america is a solved problem in China, they just recite one of the hundreds of propaganda points they’ve been fed
my partner and i make what would be a crazy amount of money anywhere else in the country but new york city and we will never be able to afford a home here… ever.
we’re saving up while we have this income and plan to move somewhere in the midwest or south to buy a house one day
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Chances are the average millennial is just focused on surviving and not thinking about why their problems exist.
AND ownership in the USA actually means having a mortgage and giving the bank a lien on the asset which they can then use to collateralize lending 10x more money, which expands the money supply for bidding wars to continue driving up home inflation.
And then you realize that China doesn’t even have property taxes on homes!
I mean yea thats basically it. Anytime you tell someone that an issue in america is a solved problem in China, they just recite one of the hundreds of propaganda points they’ve been fed
my partner and i make what would be a crazy amount of money anywhere else in the country but new york city and we will never be able to afford a home here… ever.
we’re saving up while we have this income and plan to move somewhere in the midwest or south to buy a house one day