They’re saving our money!! Man, what has happened to our country? We gave it all away. Try to buy American.
Quick send the liberals to China. They can start food stamp, afdc, epa, eeoc, and other liberal programs. I say lets keep our tech here and export liberals and their ideas to China. Perot’s Giant Sucking Sound is drowning out everything here.
Yeah and how to invest in infrastructure and protect the environment too, huh? You do know that china is a slave state where abject poverty is the norm, water is undrinkable and forced abortion are routine?
It’s a lot easier to save money when there is nothing to spend it on
How many bicycles and radios do you need anyway?
This article borders on delusion. I’ve been to China, spent a couple months there. When the Chinese refer to buying a house, they aren’t talking about our idea of a house. Just like many people in Central America own their own home, if you can call a hovel a home.
Comparing houses in America to houses in China is like comparing a dinner at a restaurant in America versus a restaurant dinner in China: Would you rather eat a rib eye steak or a dish of rice with bits of dog meat cooked in (I should upload my photos of slaughtered dogs and cats in the marketplace.)
their shacking there heads because now they have no place to peddle thier junk
Wow, paying cash and living within your means! What a concept!
China is right, of course. No one held a gun to these folks heads and told them to buy houses out of their price range or sign off on ridiculous mortage agreement. However, the government is holding a gun to our heads and making us pay for others’ foolishness and greed.
It ain't just pennies they pinch. They pinch DVDs, CDs, books, art, technology ... anything and everything of value
Tens of billions of dollars of intellectual property the Chi-Coms have stolen from us. The entertainment industry's DVDs, CDs. The technology from all our industries. That's billions stolen from us and not available to us to save.
Lots of people have been shaking their heads for years and years wondering when were the Red Chinese going to stop stealing our intellectual property. The Chi-Coms don't even try to hide the theft and even the WTO can't stop the purloining.
And I’m shaking my head at China, which has inundated us with it’s crap.
What do you mean, Chinese are shaking their heads...? There are a LOT of AMERICANS shaking their heads over this one!
...big cardboard boxes and walls made of rice-paper don't cost that much.
Here, let me finish that thought for you...
;-/
The Chinese shaking their heads is what’s causing all our hurricanes so they need to stop!
They should mind their own business and have a glass of milk.
btt
A good principle to live by and I wish more Americans would think that way. I work in a white-collar industry - we're definitely well-off and I am amazed at the number of my peers who are always talking about debt. It amazes me; these are people who should know better. They're people that wouldn't have to worry about a thing if they only spent within their limits. Base materialism and consumerism trumps common sense.
If anything good can come of tough financial times, I think it will be a move towards frugality.
“Many Chinese people are able to pay for their houses with cash because in my observation, they are some of the best ‘penny pinchers’ in the world.”
My guess is that the average Chinese house doesn’t cost that much, and isn’t worth that much, either. The term “Chinese wall” did not materialize out of thin air.
The Chinese didn’t invent the idea of living within your means. Some Americans just seem to have forgotten it.
It’s very easy to lash out at China. China is still a developing country, so, yes, they have tainted milk and other problems. It’s a little more difficult to look in the mirror. Our wealth has made us lazy and fat. Before World War II, many people in the US did not even have refrigerators. We are absolutely awash with stuff now, and it doesn’t make us happy. We need to learn some lessons from this, not lash out at the Chinese. They did not create our crisis.