As of August 2024, prices for new homes across 100 cities in China averaged 16,461 RMB per square meter, or about $2,318.50.
In the United States, the average price per square foot is around $233, according to May 2024 data from the Federal Reserve Bank of St. Louis. This equates to $2,508.01 per square meter.
By this metric, the prices for homes in both the U.S. and China are surprisingly similar, with the U.S. about 8% more expensive.
(8% is basically a rounding error in housing IMO, do RE Agents/Brokers in China and "loan origination" etc ass rape you for 6+% in China? Property Taxes??? I hear in China its really a "70yr lease from Govt" but that sounds same as 2% property tax.)
It mostly just strikes me as completely unreported, since "housing" is not just the MAIN expense for people, but also 'blood and soil' etc, unlike any other commodity. A few guys are Car Fags or even "family biz" but nothing really cums close to land AKA housing.
Its like if Mexico in last 10yrs became a more powerful modern nuclear military that USA, with nuke subs, supersonic bombers, ICBMs, trillion dollar budget, etc and no one in USA was reporting on it.
Make a Nigga ask "WTF else is going on I haven't heard about, and no one is talking about?"
Given we all know switch way shit is flowing, and Housing price is a major indicator, how long till the average Chinaman is like Twice as rich as average American/Westerner? https://www.youtube.com/watch?v=zqorlX_5oHQ&t=5s
BTW, the Fag also got a bill passed that destroyed most local Zoning supposedly to make it easy to build new housing in CA, but really because nice coastal towns in CA are "too White". Turns out strong stable Zoning is what developers and buyers require to invest, so all it did was fuck shit up.