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Chinese prisoner’s ID card apparently found in lining of Regatta coat
(www.theguardian.com)
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this post was submitted on 01 Dec 2023
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So you simply will not explain your prior argument that if an oversupply is bad then an undersupply must be good, otherwise I am somehow a hypocrite.
My argument is that to say China is doing something better than America with regard to the well-being of it's citizenry is patently false. My examples included Evergrande, which is bankrupt, and the extreme overexposure of the Chinese citizenry to one type of asset which has every reason to tank into the ground because there are fewer and fewer new families being created to buy those properties at the original prices or higher. There is not now and will never be enough demand to keep those properties from depreciating massively.
Undersupply of housing in America is causing problems for new families, BUT:
the US government does not limit the financial freedoms of it's populace to the same degree, not even close, so
overbuilding in the US would not be done with the money of retail investors, but likely with a combination of federal incentives/grants/tax write-offs and private investment funds
therefore, a sudden oversupply of housing in the US would not pose the same problems as it does in China right now
Go ahead and strawman my arguments some more, you're only telling on yourself at this point.
My first statement was "everyone hates everything"
That is people criticize oversupply and undersupply. But it's one of the other. Markets aren't stable. It's why the US subsidizes food to keep the market at oversupply.
You criticized China's oversupply and ignored US's undersupply. Even after you mentioned US's undersupply in a reply, you still only criticized China's oversupply.
The 2008 real estate crash was not planned by the US government. The overbuilding was done with the money of retail investors.
Low income housing projects are subsidized by the government all the time.
My personal hot take is that oversupply is good for workers at the expense of investors. Investors are excess capital looking to make money without producing anything. Workers actually produce. Shifting excess capital from investors to workers is a good thing in the long term.
This is the post I was responding to when you decided to jump in with your spicy bullshit take:
I'm not ignoring American undersupply, it's not relevant in this thread, but I have explicitly mentioned it being bad, and you even quoted me that it's bad. You are now being blocked, if not for being a troll then for being so irredeemably stupid there's no point interacting further. Good fucking day.
I didn't defend that op. I criticized one part of your reply. But you are so angry at China, that they could cure cancer and you'd say it's horrible and America should not do it because all the Pharma investors would lose their money.