15 upvotes, 1 direct replies (showing 1)
Meanwhile, in China millennial home ownership rates are about 70%.
https://www.bbc.com/news/world-39512599
Comment by ciaoravioli at 21/01/2025 at 21:04 UTC
26 upvotes, 0 direct replies
I actually studied the Chinese housing market in grad school, so I knew your article would be outdated because the *official overall numbers are actually 90% now, so the millennial numbers are surely higher than the 70% it was in 2017.
China is an interesting case study on housing, because it confirms what we already know we need to do to make housing more affordable (build, baby build!) while also giving us perfect examples of what Not to do that (the last sentence of the article you linked comes off as a scary bad omen for the current situation in China. Like my jaw dropped reading it thinking how the author of the article might feel today)
Would love to go more into this, but there's a chance I'm already preaching to the choir lol