Where are you getting your information on the price of housing in China?
Where are you getting your information on the price of housing in China? Looking up some statistics on line I found an average of $1,742/m in China versus $15,284/m in the US. It might be that there are some massively overpriced developments, but they don't seem to be moving aggregate prices much so they can't be that big a deal on an economy-wide basis. But in the end prices are simply an abstraction over the physical economy. China has an awful lot of families crammed into a single room, so there's clearly a reasonable case for building lots more housing. Like all abstractions they can screw things up and deflation can certainly cause problems, but not when it's much smaller than growth and Chinese inflation is right now comfortably over 4%.
Posted by Symmetry on May 4, 2014, 11:16 PM
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Raise real-world problems, find people facing the same issue, and discuss solutions.9,500 issues0 comments
pricing (Housing)
> 1) Land is effectively nationalized under 100% LVT.
This low cost -> artist -> rich people movement of neighborhoods is something I observed happening in some cities I’ve lived in and it am...
From an admittedly selfish point of view, I also don't mind this.
> Oil is still underpriced wrt to its environmental cost.
If component prices keep going up and the respective monopoly/duopoly/triopoly for each component colludes to keep prices high&...
When I moved to the bay area out of college housing was too expensive for me to manage even working for a large tech company.
High housing costs is a key factor.
I know this isn't how our political system works, but if I were king of America I'd try to solve the problem of expensive housing like th...
Where are you getting your information on the price of housing in China?
Where are you getting your information on the price of housing in China? Looking up some statistics on line I found an average of $1,742/m in China versus $15,284/m in the US. It might be that there are some massively overpriced developments, but they don't seem to be moving aggregate prices much so they can't be that big a deal on an economy-wide basis. But in the end prices are simply an abstraction over the physical economy. China has an awful lot of families crammed into a single room, so there's clearly a reasonable case for building lots more housing. Like all abstractions they can screw things up and deflation can certainly cause problems, but not when it's much smaller than growth and Chinese inflation is right now comfortably over 4%.
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