I don’t see how Beijing and Shanghai are “world class” cities. Just because they’re big doesn’t make them world class. Is Lagos, Nigeria world class?moofur wrote: ↑Feb 16th, 2019 2:30 pmCanadians/Torontonians really need to travel more. All this whining and complaining makes us look really ignorant on a global scale. Look at the world class cities (esp. the Asian ones) like Singapore, Hong Kong, Beijing, Shanghai, NYC, San Francisco etc. You wanted a world class city, you need to take the good with the bad.
People in Asia have gotten used to the fact that high real estate prices are here to stay, and either you get in on it also or be resolved to renting. Real estate has been an investment vehicle since the dawn of time, get over it, even if it means that it separates people from haves and have nots. Welcome to capitalism, which is what built and makes the Western world so great. Is this "fair"? I don't know, but I also don't know what is "fair" since it's a pretty subjective term. Do you also think that Venezuela is more "fair"? Look how that turned out.
And people in NA and the Western world wonder why China/Asian countries are so much more competitive.... Because they don't bitch and whine and act all entitled.
And Chinese homebuyers seem to do plenty of bitching and whining when they buy a property and the developer then lowers prices for subsequent buyers. Numerous stories about that lately, sounds pretty entitled to me. “wah wah wah Mr. Mean Developer gave a discount to Mrs. Chang but *I* had to pay full price....wah wah wah”.