I will reserve judgment on this matter until I see how China unwinds its urban housing bubbles.
China has fallen hook-line-and-sinker for the American trick of watching GDP metrics to justify breaking community goods/services/resilience. If they can de-couple from the American Way, then being an authoritarian nation allows for sharper and quicker pivots than what the U.S. can do. We are trapped by our housing stock, bad sub-urban designs, how much people rely on the paper wealth of these houses, and the terrified NIMBY politics this engenders.
To the world I say, don’t be like us. Figure out housing. And figure out how to not trap your human capital in housing arrangements that steal all of their money in the name of GDP.
I will reserve judgment on this matter until I see how China unwinds its urban housing bubbles.
China has fallen hook-line-and-sinker for the American trick of watching GDP metrics to justify breaking community goods/services/resilience. If they can de-couple from the American Way, then being an authoritarian nation allows for sharper and quicker pivots than what the U.S. can do. We are trapped by our housing stock, bad sub-urban designs, how much people rely on the paper wealth of these houses, and the terrified NIMBY politics this engenders.
To the world I say, don’t be like us. Figure out housing. And figure out how to not trap your human capital in housing arrangements that steal all of their money in the name of GDP.