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.)
You spent a few months in China. Congratulations. Spend a few years there and then tell us what you know.
You are comparing China to Central America? When did you go to China last? The 1960’s perhaps? While most Chinese people buy apartments, they are still spending ALOT of money. For example, in the city where I live, average apartment go for over 300,000 RMB which at the moment is over 40,000 US. There are plenty of people who spend over a million RMB. The point is, they pay for it in cash.
You can go ahead and continue in your dreamworld that most people in China are still living in shacks in the middle of the countryside but next time you come I think you’ll be surprised. For better or for worse, China is catching up...faster than many think.
Is there some problem here?