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vams19 t1_je2hpsa wrote

Reply to comment by pixel_of_moral_decay in Rents high. What is your alternative to increasing housing supply? by paul-e-walnts

Lol no , labor has nothing to do with it .. have you seen housing price appreciation in China in India. In even mid tier cities in India house prices have 10x in past 10 - 15 years and India has ample labor. Labor has nothing to do with this.

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pixel_of_moral_decay t1_je2s7dg wrote

China and India are government backed property investment schemes. It’s just a grift to get foreign dollars in and domestic money to stay there.

Here’s one of thousands of videos of people exploring China’s construction bubble and the cardboard (literally) towers: https://youtu.be/XopSDJq6w8E

You can find tons of videos of urban explorers going through these. Just be warned you’ll subsequently be bombarded with ads about foreign real estate after watching one or two.

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