Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
by LrnByTeach on Tuesday October 16, 2018 @08:22PM
(#18234480)
>The median income in Beijing is around 18k RMB/month. The one bedroom we were renting was 7500 RMB/month.
The median income in Silicon valley California is around $7000/month. The one bedroom rent is $2000/month.
so it seems, Silicon valley and top Chinese cities comparable when it comes to expensive housing ...
Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
by seanmcdirmid on Tuesday October 16, 2018 @11:05PM
(#18235816)
I mean, you aren’t wrong. China just has a housing bubble, it doesn’t really have a housing shortage like SV has. So while housing might be really expensive to buy, rents can still be very affordable.
Still, paying half your before tax income on rent vs, less than 30% is really significant.
Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
by aurailious on Tuesday October 16, 2018 @05:09PM
(#18233294)
Last time I was in Beijing I was told not to flush toilet paper. Is that still the case?
Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
by seanmcdirmid on Tuesday October 16, 2018 @05:14PM
(#18233334)
You can flush it in most higher residences as long as the toilet paper is soluable. I think the reason binning developed was that the Chinese didn't produce soluable toilet paper in the past, and now the habit carried on (my grandma told my mom, my mom told me) even though the tech has caught up. I'm not really sure about squat toilets, though.
Never drink the water though. Even boiling isn't that safe anymore, just use bottled.
Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
by voltagex_ on Tuesday October 16, 2018 @05:33PM
(#18233497)
What's in the water?
Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
by seanmcdirmid on Tuesday October 16, 2018 @05:34PM
(#18233506)
China's crazy bad water pollution.
The median income in Beijing is around 18k RMB/month. The one bedroom we were renting was 7500 RMB/month, which was considered neither cheap nor expensive...it was definitely cheap for what I was making but then I had to forgo a lot of niceties that I wanted (like a real shower). My rent in the states is much higher but I don't have to worry about the same crappiness that even a high-end Beijing apartment has.