https://reddit.com/r/OutOfTheLoop/comments/wmpqg0/_/ik0ru4a/?context=1

https://reddit.com/r/memes/comments/wmhffb/afghanistan_sri_lanka_ukraine_and_now_fucking/

These people are citing those videos titled “CHINA IS COLLAPSING” as a credible source lol. How much of this is an op by those channels to get more views?

  • Spike [none/use name]
    ·
    2 years ago

    In America, for example, most folks have accepted that it is too costly to buy a home right now. But China is different, socially and economically, real estate is a status symbol as much as it is an investment. If you do not own property, many women (for example) will not even consider you as relationship material. So regardless of the cost, people have been investing heavily into owning multiple homes, even if they do not plan on living in them.

    :michael-laugh:

      • Spike [none/use name]
        ·
        2 years ago

        China is the only place on Earth where people see real estate as a status symbol or an investment. Americans know when to buy and will only buy when they need to live in the property, hence why there's never been a real estate crisis in the US