The point is that China is not some perfect übermensch,
I didn’t claim they were.
Whatever the cause, the surplus of housing in China can’t be seen as a negative for the same reason a lack of housing is a negative in the US.
You can’t have it both ways.
The trains ran on time under Mussolini. Just because a dictatorship does bad things doesn’t mean absolutely everything must be bad. Just because a democracy does good things doesn’t mean everything is perfect.
I was highlighting that you see the problem without acknowledging the hypocrisy.
They. Are. Different. Problems
One is oversupply causing lower prices. This helps new families at the expense of investors. The other is under supply. This hurts new families and helps investors. When housing crashed in 2008, new home buyers were happy while the media lamented the home owner investors who lost value. You can’t have lower prices without oversupply.
It doesn’t matter if we don’t like China’s government. The math of supply and demand is the same.
If this was 1935, you’d be posting that trains on time in Italy is bad but late trains in the US is different because “reasons”.
That China created the oversupply doesn’t change that it keeps housing cheap.
You argue as if the reason for the oversupply supply is only thing that’s important. “Your honor, I murdered the victim using my democratic free market philosophy so the death is actually good. But that other murderer was a communist dictator so they should get the death penalty.”
An oversupply keeps housing cheap. The US directly regulates the price of food by subsidizing farmers to maintain an oversupply that keeps food cheap. This hurts investors in futures markets but benefits all Americans. The Fed regulates interest rates to control inflation. This hurt stock market investors but benefits American consumers.
Do you mock all regulation or only when it’s not the US?
oversupply is bad then an undersupply must be good,
My first statement was “everyone hates everything”
That is people criticize oversupply and undersupply. But it’s one of the other. Markets aren’t stable. It’s why the US subsidizes food to keep the market at oversupply.
You criticized China’s oversupply and ignored US’s undersupply. Even after you mentioned US’s undersupply in a reply, you still only criticized China’s oversupply.
overbuilding in the US would not be done with the money of retail investors
The 2008 real estate crash was not planned by the US government. The overbuilding was done with the money of retail investors.
Low income housing projects are subsidized by the government all the time.
My personal hot take is that oversupply is good for workers at the expense of investors. Investors are excess capital looking to make money without producing anything. Workers actually produce. Shifting excess capital from investors to workers is a good thing in the long term.
I didn’t claim they were.
Whatever the cause, the surplus of housing in China can’t be seen as a negative for the same reason a lack of housing is a negative in the US.
You can’t have it both ways.
The trains ran on time under Mussolini. Just because a dictatorship does bad things doesn’t mean absolutely everything must be bad. Just because a democracy does good things doesn’t mean everything is perfect.
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No I didn’t. I specifically ended with, “Everyone hates everything.”
Just like too little of anything is also bad.
If the value tanks, homes are affordable.
You can’t have it both ways.
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I was highlighting that you see the problem without acknowledging the hypocrisy.
One is oversupply causing lower prices. This helps new families at the expense of investors. The other is under supply. This hurts new families and helps investors. When housing crashed in 2008, new home buyers were happy while the media lamented the home owner investors who lost value. You can’t have lower prices without oversupply.
It doesn’t matter if we don’t like China’s government. The math of supply and demand is the same.
If this was 1935, you’d be posting that trains on time in Italy is bad but late trains in the US is different because “reasons”.
deleted by creator
That China created the oversupply doesn’t change that it keeps housing cheap.
You argue as if the reason for the oversupply supply is only thing that’s important. “Your honor, I murdered the victim using my democratic free market philosophy so the death is actually good. But that other murderer was a communist dictator so they should get the death penalty.”
An oversupply keeps housing cheap. The US directly regulates the price of food by subsidizing farmers to maintain an oversupply that keeps food cheap. This hurts investors in futures markets but benefits all Americans. The Fed regulates interest rates to control inflation. This hurt stock market investors but benefits American consumers.
Do you mock all regulation or only when it’s not the US?
deleted by creator
My first statement was “everyone hates everything”
That is people criticize oversupply and undersupply. But it’s one of the other. Markets aren’t stable. It’s why the US subsidizes food to keep the market at oversupply.
You criticized China’s oversupply and ignored US’s undersupply. Even after you mentioned US’s undersupply in a reply, you still only criticized China’s oversupply.
The 2008 real estate crash was not planned by the US government. The overbuilding was done with the money of retail investors.
Low income housing projects are subsidized by the government all the time.
My personal hot take is that oversupply is good for workers at the expense of investors. Investors are excess capital looking to make money without producing anything. Workers actually produce. Shifting excess capital from investors to workers is a good thing in the long term.