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A comment on China’s property giant Evergrande files for bankruptcy protection in Manhattan. Parent comment

Re:China’s property giant Evergrande files for bankruptcy pr... by FpUser on Friday August 18, 2023 @01:57AM (#37171797)
>"real estate assets everywhere but China now look better in the long term."

They do not look better. They look inflated and unaffordable. If not fixed this will have social consequences at some point and it won't be pretty.

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Re:China’s property giant Evergrande files for bankruptcy pr... by bufferoverflow on Friday August 18, 2023 @02:48AM (#37172117)
Housing can't be inflated and unaffordable at the same time. Someone is buying properties, driving prices higher. Those someone can definitely afford housing.
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Re:China’s property giant Evergrande files for bankruptcy pr... by matkoniecz on Friday August 18, 2023 @03:05AM (#37172229)
> Those someone can definitely afford housing.

By "unaffordable" people mean that median person/poor person has problem with paying for housing. Not that no one at all can afford it.

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Re:China’s property giant Evergrande files for bankruptcy pr... by bufferoverflow on Friday August 18, 2023 @03:51AM (#37172522)
65.8% of Americans own a home as of 2022. Which covers the median person and some below that.
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Re:China’s property giant Evergrande files for bankruptcy pr... by FpUser on Friday August 18, 2023 @02:51AM (#37172139)
They also can handle $100,000,000 boats. I am so happy for those poor souls
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Re:China’s property giant Evergrande files for bankruptcy pr... by Cipater on Friday August 18, 2023 @08:20AM (#37174646)
The word "affordable" means "not expensive".
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Re:China’s property giant Evergrande files for bankruptcy pr... by pseudosavant on Friday August 18, 2023 @11:42PM (#37185280)
Inflated by investors buying to turn them into rentals that are unaffordable.
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