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CNBC making rational decisions sound dystopian
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"The horrors of rich people not getting bailed out"
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this post was submitted on 12 Mar 2024
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the_dunk_tank
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It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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China's speculative real estate market has been insane for decades now. If you've ever visited, you can literally see it. A lot of the projects lose funding midway through and just go half constructed and abandoned for years. Large scale malls that were built in the last 5 - 10 years are just completely empty.
Really hoping this is an opportunity for crackdown and the government takes it.
I will say that there is a lot of cheap real estate. I can buy a flat that is five times the size of my shoebox sized flat in the UK for a third of the price.
One of the reasons I would love to move there. I can't imagine ever being able to afford my own home here, but over there I actually could, and even if I couldn't, the rent would be far cheaper.