Re: Chinese General news resource thread
I'm really pessimistic that democracy will solve the problem of high costs of housing....
Singapore, being equally small and equally densely populated, has a house ownership rate of about 90%, one of the highest in the world. And Singapore achieved it under an authoritarian government.
As far as I see it, the more democratic a country/place is, the more say money will have.
Who has the money in HK? Real-estate tycoons.
there's a lot of reasons and not just business. societal issues such as high housing and all those are a huge /main source of anger we are experiencing. I will say that part is the biggest part
I'm really pessimistic that democracy will solve the problem of high costs of housing....
Singapore, being equally small and equally densely populated, has a house ownership rate of about 90%, one of the highest in the world. And Singapore achieved it under an authoritarian government.
As far as I see it, the more democratic a country/place is, the more say money will have.
Who has the money in HK? Real-estate tycoons.
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