MizuTama [he/him, any]

The metric is simple. Why second-guess it? Rents down = good for renters. If you want them up, you’re a fucking landlord.

You want rent to fund the next project? Then you’re an austerity nut.

For context, that user generally wants China’s government to recentralize to a degree and think these things are an “issue” insofar as the local governments are essentially filled with Western neoliberal brain worms and need stricter oversight and centralization to prevent dumb neoliberalism. I don’t think they want higher rent, but believe that local governments do due to landlordism brain worms.

I think (again, this is how I read the comment) the core of the frustration is they feel like the financial sector is making bank off this, and because it was done relatively recklessly, some of the massive amounts of resources being used to manage the falling prices aren’t being used in other sectors, which is contributing to stagnant wages, an absurd young unemployment and a continuous deflationary spiral that aggrevates the other two. (I’m realizing I’ve read far too many of their comments lol)

I will let you know many refer to xiaohongshu as Hexbear’s resident doomer, so you aren’t the first to feel that way lol. Some of their comments I’ve gathered also work within a neoliberal framework as the user fully believes much of China’s economic policy is working within it and are meant to highlight the impossibility of solving those issues within its framing as a rhetorical tool for a break from western neo-economic policy.

Frankly, I don’t spend nearly enough time on economic studies and theory to dismiss it myself, and most the time I’ve seen people argue against their ideas on our side they just resort to calling the user names so was also curious how grad would interpret things.

Okay. This is just a bad way of percieving a real-estate market because property can be rented or sold off. The price of rent matches the service of the debts plus any depreciation. If it’s not going to break even or profit in the long term then it would be SOLD as soon as possible.

If it’s being rented for a low price, the debt is NOT through the roof. I am skeptical that debt is a problem.

Won’t get disagreement from me here, I presumed costs would be cut to minimize losses as well. Makes sense to me just seemed like a different type of potential issue than how the short comment above may have some assume (and would lead to different criticisms) so wanted to clarify.

I mean, I don’t think it’s a contradictory standard than Western governments, as I don’t know if @xiaohongshu@hexbear.net has expressed some other standard for Western governments, and what I’ve seen is usually critical of them as well. The idea from the comment they posted on hexbear appears to be that the local governments were investing in this non-real growth sector to the point with the decreases in rent, they don’t have the funding for other infrastructure growth and are having to increasingly leverage debt to get things done since they can’t extra themselves from the issue.

The crux, from my understanding, wasn’t that rent going down is bad, but that it’s going down due to massive capacity that is heavily invested in by the local government, and such investment was done under the assumption of increasing prices, and with decreasing costs, they lack funding for some of the other projects and with the central government trying to reduce this behavior, are having to rely on other means of acquiring debt.

https://archive.ph/xulPa here is an archive link.

Evidence was provided by an admin and user was banned subsequently due to evidence review and found to be egregious.

You’re an authoritarian for this one tankie shill /s

Everytime a French company has assets taken, an angel sprouts its wings.