China is Now More Expensive than the USA
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- เผยแพร่เมื่อ 5 ต.ค. 2024
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When we came to China over 10 years ago, prices were low. Rent, food, entertainment, it was all very cheap. Now, prices have reached levels surpassing much of the USA. We make some comparisons, and explain why this is happening.
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好雞婆土雞城
546, Taiwan, Nantou County, Ren’ai Township, 博望巷36之3號
Qingjing Farm -
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Qingjing Farm, Renhe Road, Ren’ai Township, Nantou County, Taiwan
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How is the US tariff going to impact the normal person in China if at all? Also maybe a video series on Chinese factory life. Housing, work and play. Love the videos!
I'm just wondering if this is true for all Chinese cities or just the top tier ones.
I'm looking to maybe move to a second or third tier city. Will rent be so expensive there too?
In China I heard American colleges and hospitals are free too. Is that true? Damn I am so gonna start a revolution and bring American democracy and politicians to rule China.
JonnyNice in some cities, you are still able to live on 1 dollar a meal. Don’t forget China’s GDP per capita is still among the developing countries.
move outside the city and you will live almost free
Wait... C-Milk doesn't like milk? This breaks my brain.
as Vivi would say "that hurts my heart"... :)
Because he loves ... wait for it ... chocolate milk. True story.
I'm unliking Goat Milk.
maybe it means C cup （C奶）... y'know. Boob size? XD
or "auntie" if making a direct sounds tanslation...
one of life's paradoxes.... like the fat guy called "Tiny"
Although I am disabled, on disability, my roof leaks, my main cabin wall is collapsing and my check engine light came on today. I live on 1350 a month (4 and 5 week months are the same pay) and with all that said, I still live better than 80% of the world and these videos remind us/me of that, thank you.
trgtdron
We truly have it very good here in America. Most people in the world don't even have a toilet. The homeless on the streets are fed better than most of the people in this world. To all good things must come an end.
I am disabled too. But I get less money and then have $200 IRS lien a month for defaulted student loans
1350 _what_ per month? Which country are you living in?
@@imcustomized the great and powerful MERICA
@@budzillah7194 why would it have to come to an end?? its a product of a productive society, its very normal for a non communist society to have these standards of living
I'm a time traveller from Spain in 2008. This housing boom will not end well for you guys.
I'm not sure that's a fair comparison. Spain doesn't have nearly the amount of people moving to cities every year
imagine 1 billion people defaulting on their debt. damnnnn
That will be a multi-trillion dollar crash.
@@ericcartmann except that the Chinese economy is controlled by the CCP
As an American I can confirm this theory
Miki Cerise the government will further manipulate the currency to make debts easier to pay while installing stricter controls on lending most likely. That’s the ideal solution, won’t end great but would avoid stagflation at least in the short term
Finally, someone agrees my point. As a Chinese who lived in EU for nearly 10 years...My home country is too expensive for me..
99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999990
@@davorjuretic5177 šta?
"live in EU"
Ten years ago a two bedroom apartment in an old villa with two bathrooms and a private garden was 3,000 rmb in Shanghai. Today that same apartment would be 20,000 minimum.
you can't compare. China was not only transitioning from lower economy to more expensive economy, China was transitioning from communist system to market economy system.
Infovest what in the world are you talking about? “Never”? China was in a communist system like North Korea and Soviet Union only 30 years ago.
That is crazy...here in germany, even in the cities, it is about the same with 60squaremeters for over 1000,- $, but this is as extreme as it gets and that with a clean, working supply of water, etc.
Sure you can go more crazy as well, but usually even in cities, you get a tidy, well working flat for under that price...a little outside the city centers, you are going down to about 600-700 and in small towns it goes down to 400 cold. I am living in a small apartment for even 350 bucks Warm...so everything paid already(heating, water, garbage, etc)
Even a middleclass european guy wouldnt really accept to afford such high prices combined with such low living standards.
It is called inflation
David, you are correct, only Eastern Europe atm seems to care about maintaining its cultural integrity and stable borders. With regard to rising costs in China, the govt. aims for a minimum 7%/pa increase (it's been higher in some years), with job growth of 23M/pa just to maintain civil stability (preventing dissatisfaction amid the young is critical). Even at 7% though, ShanghaiGoat's quote of 3000rmb ten years ago would be about 6000 today, so it being 20K shows there has been a significant increase beyond mere inflation. Officially, the annual inflation rate has on average been much lower than this, supposedly less than 2.2%/pa over the past 10 years, but this doesn't match reality at all, showing how the system is distorted in various ways, via currency manipulation and other methods.
Some hold the false belief that China now has a market economy, or that it has adopted Capitalism (or elements of it). The only thing China has absorbed is a degree of free enterprise, but that is not Capitalism; the latter, at its core, is property rights, free speech, don't lie and don't steal (the foundations for honest and trustworthy trade, hence the connection to the Protestant work ethic and the strong early rise of the US); free enterprise is just the ability to exploit opportunity, it implies nothing about the morals and ethics of trade, hence why free enterprise can coexist so easily with scams & fraud. China does not have property rights, it certainly doesn't have free speech, and with cultural traits that sustain elements of corruption, deception, fraud and scams at numerous levels, it's far removed from honesty and truth in trade. How one can do business in China could certainly be described as free in various ways, but it's much more like the old wild west than a sustainable system based on trust.
Politically, China is a communist variant; economically, it's something else entirely (no word for it atm), but it definitely isn't Capitalist or a free market, notions which effectively died in the West with the creation of the Fed, the emergence of Welfare and the colossal rise of national debt (all of which are a form of theft and a violation of the non-aggression principle). Indeed, many elements of how Western economies are run today are if anything more communistic than the way China operates atm, with enormous state intervention and control, the money supply artificially sustained by state borrowing, etc.
One thing is certain, the Chimerica mutual dependency is in a very unhealthy state, a structure of trade on the back of cheap oil which allowed global economies to flourish for half a century. Much of it was artificial, on all sides, while traditions of saving and frugal behavior within civilian populations were erroded (Spend! Spend! Spend!). In the West today, few people understand what saving even means; most believe it refers to just the standard interest received on cash investments (which is horribly wrong of course, the interest doesn't even cover inflation, especially when base rates are so low). Private debt is particularly severe in places like the UK, (around $2.2 trillion for a population of 65m) but it's generally bad everywhere, while state debt means resources are stretched far beyond capacity (proving that importing hordes of migrants is a terrible idea, they disproportionately add to the burden on services and systems, along with so many other problems).
It's a curious thing that China hasn't succumbed to the diseases of political correctness and cultural marxism that have so infested the West, yet it has ended up with large debts via other routes, with potential for future problems of a different order. Trust is perhaps the biggest long term problem, people have to believe that the system can sustain; in the West, most people are too brainwashed to understand it can't (so they bumble along, deluding themselves into thinking they're going to have a cosey retirement pension when some simple math shows they've not and never will pay anywhere near enough into the system to cover the cost), but in China the dynamics of this have yet to play out.
Ian.
What you say really hit me. My mother try to force me to "force my bro to buy a house" . When he says no and I got a government job my mother force me to buy a house. I was on Grad wage. She didn't care about my well-being. Everything you said about loan and what not is EXACTLY WHAT HAPPEN. I have access to all my siblings account and she wants me to siphon all their money. I didn't do it.
Her reason was that all her friend's do it. She is comparing her wealth with her wealthier friends and relatives. I felt bad and finally gave in and purchase an affordable place. After I did it she then rant on how come I haven't got my 2nd property while at the same time comparing me to her wealthier relatives kids. After enduring such unkind words for a year I EXPLODE.
Not to mention she keeps ranting on how I stole money from her for the deposit. She didn't remember she force me to use her money. She knew what was going on when she had to sign stat decs and everything.
SOMEHOW THIS MENTALITY WENT ALL THE WAY TO AUSTRALIA. 😠
She should buy they house for you then if she cares about it so much...
My mom is doing the same. Trying to get me to buy a house in America, by 'Helping me' i actually considered it at one point, but she wouldn't help me unless she had a say in where I lived. I turned her down. Now she's trying again, but I turn her down flat, no discussion the housing is obviously in a bubble, I'm not interested. When the downturn happens (and we're overdue one) id be 10s of thousands of dollars underwater on my loan.
That sick man I feel bad for you to take mortgage to buy freakin expensive house just because social norms dictate
As usual, really enjoy how these videos are put together.
In Shenzhen, Shekou, I was paying about 2300 RMB for a room basically the size of a closet, which I lived in for 2 years. It wasn't horrible honestly. However, now I'm living in USA. I purchased a HOME and my entire mortgage is just slightly more than I was paying for that closet space. I also now own a car instead of an Ebike and I'm making more money here in USA. My health has vastly improved since China as well. Sorry guys but the glory days of Lao Wai living in China First Tier cities are all but gone.
well, Keep krusing
i can not understand why you stay in china for that long, it seems you are suffering here
what kind of house that you bought with the monthly mortgage payment only $350 ? tiny shack in the worst neighborhood in Seattle or Philly?
Your math is not making much sense. Did you buy a condo or a house and is it in rural Arizona or something because $350 a month mortgage is unheard of in the USA these days
Guangzhou is still very cheap to live in and more modern than Shenzhen, Shenzhen is the most expensive city in China at the moment, even more expensive than Shanghai, not because it is any better than any other first tier cities and second tier cities. If you want to afford the life in Shenzhen, you have to be someone working in the biggest tech companies like Tencent or Huawei or Xiaomi etc. Or work in the financial sector of Shenzhen, which is also getting paid a lot.
Fortunately I wasn't drinking something when you put up "羊 people." That totally cracked me up! This is why you continue to stay awesome!
You guys crack me up 😂 awesome channel , find you by mistake , I am my self European ,biker living in NYC so I relate to all your topics in my own way , not planning to visit China but for sure addicting to watch 😊 keep up good work .
Since you haven't been in the US in a while, you might not have realized that US prices are doing the very same thing. House prices are skyrocketing. That sounds about comparable to a larger US city, but not a mid-west one. That's about what you'd pay on the coast in the USA.
@@freddyrassinger8198 fuck off with your partisan/faction bullshit
Just the coast? Denver has one of the worst housing markets for buyers in the US. A small house in the suburbs goes for over 2k per month. No one can afford to live here and recent articles suggest more people are leaving than coming here for that very reason. Want a shitty old tiny house for 400k? You'd love it here.
Greg McCauley in large California cities shitty tiny houses go for 700 thousand, sometimes over a million. For a tiny lot with a crappy house. I wish they were 400 thousand
Yeah, I know SF is one of the worst. My point was that it isn't just the coasts that are expensive
Denver is insane, partly because of people moving there from California.
So even China has high rents now. In my hometown Berlin, Ger its the same since a few years. Seems like a worldwide issue.
maschketa Unemployment, high polulation,less areas, inflations, tribalism and etc. Isn't everything great,dude?:-)
@@kuykasamjoktar6191 Yes! Thats how i imagine paradise xD
Same in Sweden.
I spent allot of time in Boston and the average shitty 1 bedroom costs about $2200 a month go a bit further out and you're still paying about 1800-1900 a month, even in Dorchester and Roxbury you'll probably still pay 1500-1600
*Notifications always on for Winston and C-Milk* 🍺
Do you guys detect any sense of anger about the income inequality? Any suggestion of anger at the government? Do the people even realize the system is the way it is because of government policies?
I think you might underestimate what is happening in big western cities price wise
Yeah come to Seattle, it's a fucking nightmare these days. Thanks fucking Amazon dickheads
Alistair Moss true dat. I know a a girl from London who was travelling a lot. Then she wanted to go back to London to settle down. 2 weeks later she came back in tears. Could not even even a shithole way out of the city.
Agreed, no doubt that China's gotten expensive, but here on the west coast, all the prices quoted in this video sound like a steal
Its all part of the plan to have a new indentured slave class that will work to support the multinational nobility
@Arclight56 Many sexpats do what C-Low Booty is doing: They marry a local lady in a Third World country where there are checks on her hypergamy.
Then they import her to the West where there in NO checks on her hypergamy.
They ALWAYS seem surprised when the divorce costs them more than half and they end up living out of their car.
My Beijing one bedroom 60square meter apartment in the suburbs was 6500rmb a month. (About 1,000usd) [In my hometown in Michigan USA I could rent 2 entire houses for that.] And the landlord insisted on 6-months rent at a time. AND HE KEPT MY DEPOSIT WHEN I MOVED OUT. Local food, public transportation, and daily necessities are cheap, but cafe-coffee, bar-beer, and western fast-food are the same as any major city. So basically you save on a lot of things but then you just turn around and spend those savings on other things.
"Milk was a bad choice."
It is nice to know more about China and probably learn a thing or two about life in general. Thanks Guys!!!
As an expat that has been in China and have a biz here...I love your guys vids!! Spot on!!!
Kinda biz u have?
I build and export electric utility vehicles
Thanks for great info guys. For some extent you are writing a real history of modern China that cannot easily be found anywhere else.
Your videos are so acerbic...I love it. None of that bs everything is sunshine and rainbows disinformation you see from other youtubers who are out of touch with reality
Dude its not objective at all. way too promotional
@@danman1287 You think videos like these are promotional? They are saying prices are getting out of hand, not exactly a "everyone, come to China, it's paradise"-kind of message.
@eWolf Russia I do n they still live there n have Chinese in laws. China uncensored is more truthful. The truth is much worse then how they portray it. I can think of so many other Asian countries to live n retire. I have alot of experience w China. Can't trust the people. U saw that stunt by the rich Chinese family in Sweden right? They were well off n still tried to cheat the hostel n then created a scene. These two have basically a China women fetish. Plus since they live there, they cant even come close to telling the true story or they would be jailed n then deported. so all the videos r 10% of the truth just out of self preservation. It's crazy people think this is objective in any way. No other countries have people think of foreigners as either friend or foe not even Russia
marius that example is just food. Think thru this in all aspect of life and products and services you buy normally...then think about living in China. Finish watching the entire video I attached in the other post. Medical srevices r compromised too. My friend said if they know you can pay, get ready for alot of fake diagnoses. Hell these two clowns probably dont even know they r eating poison at their favorite restaurants. Their message should be DONT LIVE IN CHINA unless you have a great business/career oppty or you r inflicted by yellow fever only satisfied by the local baggage in Mainland China.
Marius watch the video. again its just food. Winston and Cmilk give the presentation its okay to live there n here r some downsides to watch out LOL---its not even close. its overwhelmingly NOT OKAY. I am not even talking about the random violence, scam and govt oppression. I can safely say the govt doesnt care if I am an American...surely they won't care if you r South African. Your accent will go over well in Taiwan too so plenty of alternatives to not F*ck yourself over in China.
Great video guys. Thanks for sharing.
Hong Kong is Manhattan prices and Shenzhen is bad part of Brooklyn prices. Shanghai and Beijing are like good part of Brooklyn prices.
I know what you mean about how people can't make it without help. Even in the US if you happen to live in an inherited house, drive a used car, leave the house unlit (go traipsing around with a flashlight) and unheated except for the room you use at a particular time, have no spouse or crumb-snatchers (read: kids) to feed, hardly eat out at all (microwave meals) and drink only water, you still have to watch the money very closely or you'll find yourself in a bind. I'm in the South in the country and that's the cheapest place in the US to live price wise--how other people pay for half the stuff they have plus have others to support plus have bad habits to pay for like drinking or smoking--I don't see how anyone does it without help. It's not possible as far as I can see.
Literally you typed bullshit
its cause asset prices have increased a lot compared to labor. labor is cheap compared to asset prices. nowadays that central banks print money its at the cost of workers to the asset holders.
Debt and housing are just as bad, if not worse here in Australia. The World's three biggest housing bubbles are Australia, Canada and China. I can't wait for the bubble to burst so that housing and life become more affordable again. Good topic and thank you for sharing.
Australian Real Estate rules have been established that Chinese investors may only purchase new housing, no existing. These rules are ignored by many sellers and investors. Many financial commentators predict a forty percent fall in prices. I hope it will be closer to ninety percent like the Japanese market since 1995.
Which bubble/ country/ region/ year are you referring to? Present your evidence.
@@freddyrassinger8198 you can't go off of "historical figures." It'll drop A LOT more than 15%.
This is so reminiscent of Japan n the Japanese during their time. The Chinese have no clue how bad its going to be. They own one of the worst housing stock n puked away so much wealth. It's one thing to own good stuff it's another to own bad buildings in bad locations. Normally I salivate at real estate debacle oppty but not this. I will be buying se Asia not China.
You think the house market is bad in Australia , come to London
Agree. I opened a buying office in the Futian District in Shenzhen in 2003. The office was $300 a month and staffing was $150. Opened our first factory in 2005, and are currently on our fourth move to lower rent. This time in Huizhou.
Why would you name yourself C-Milk if you hate milk? LOL
Because Vanilla ice was taken and he once thought Rap was cool and thus wanted to be a rapper,
It's short for C-Low booty, his full name.
+Mobspeak
Because in Jewish Gematria used by the ashkeNAZI Jew/Freemasons C Milk sums to 33.
33 is the highest degree in Freemasonry. It's their identification of 'those in the know' who exactly these frauds are
+Snooker B LOL. Is C-Milk Winston's handler?? I think so.
+dagnyati
Haha..I've never thought about that but I think you are 100 percent correct 👍.
I couldn't remember Serpenza (🙄) stage name until you said it. Winston sums to 33 in Gematria too. Unbelievable. ..lol
In NYC too damn expensive was born and raised can't afford to live there had to leave
same haha I'm down in Philly now :P
yeah and they're comming here to Kentucky!!
I agree that lots of things in China are more expensive than in the US, especially housing. *However, some apples-to-apples calibration needs to be taken into account.*
Shenzhen/Shanghai/Beijing/Guangzhou/HK prime locations = New York/LA/SF prime locations. For the same quality of finish and space, I'd bet the pricing is within 10-15%.
I would be interested to see 2nd/3rd tier Chinese cities ranked against 2nd/3rd tier US cities though.
Hangzhou/Tianjin/Suzhou/Nanjing vs. Chicago/Houston/DC
Qingdao/Chengdu/Shenyang/Jinan vs. Austin/Dallas/Atlanta/Boston
No question that prices for everything in China have been on a tear the last 2 decades though.
Do you think living in apartments with 3000$ rents make 500$ a month...? People living in those places make American-like salaries.
Hmm... how can 300M Chinese earning $2 per day, survive?
I bought a 3 bedroom apartment in Chengdu 3 years ago for my wife at 100K CNY - now worth over 500K CNY.
@@emailbenjie they starve to death according to them...
2017, NY/SF/Boston, average income per month $4304 / 4817 / 4322, house rent middle prices per month (tow bedroom apartment) are $ 2909 / 3449 / 2225, so percentages were 67.6% / 71.6% / 51.5%. While HK and Shanghai's percentages were 119% / 90%. I guess Shenzhen should be like 70%, 80% or more.
You guys are awesome! I really like your videos! Grretings from Brazil!!!
I was hoping for more gratuitous sheep footage :(
Yeah yeah me to!.
47 guys here like sheep, apparently.
@@clray123 Muslims?
Isis tells their martyrs they get 72 virgins and an trip to sheep world
This was informative thank you 👍🏻
Slugs, bugs, obscene looking seafood, internal organs of any kind. All of these C-Milk will gladly indulge. But milk? Never!
The production and quality of your videos are getting so much better. I love it! Keep up the good work. Please don't stop!
羊 people is hilarious.
Still giggling at that
@John Smith that's "yáng" the character for "sheep"
羊 is pronounced like 'young' in English but means 'sheep' in mandarin. Drat, I explained it now its not funny.
Just got back from china and I'm so surprised at the extent of the whole 'me first' attitude, especially them e-scooters!
The crazy thing is that there are tons and tons and TONS of EMPTY apartment buildings in China but unfortunately no one wants to live in the cities where they are. I think it was actually one of your videos that I learned about that.
That was very informative. You answered a lot of my questions. Thanks!
I love when you guys do food challenges, it's like watching Fear Factor.
It would be awesome if you guys could get in one of these dorm compounds. Where the factory workers live. Maybe ask them some questions. See where they sleep, eat etc!
Scary, I hope there’s not a market crash around the corner
Andrew Brown; The biggest crash in history coming very soon.
A lot of smart people saying so. That perfect storm is coming ...Now either it is going to be 5y or in 15y who knows .. But longer than that I doubt it. From a perspective of a new 20-30y loan taker .. Pure suicide either from global mid-term economy or personal sustainbility. So long term home loans at this moment is a big NO however you look at it. Murky times ahead...
Keep up the great work guys. I learn so much about the real China watching your channel. 👍👏👏👏👏
Interested to hear your thoughts on ‘social credit’ or whatever is supposedly happening in China with all the cameras and behaviour tracking.
Computing Forever did a video about that, scary stuff indeed.
a year later doesnt feel like scary... feels totally normal now
One thing I'd like to mention that the official invoice gave to you by shop is also a lottery ticket. The name of the invoice is 統一發票.
You can check the winning number every two month. The jackpot is 10 million Taiwan dollar.
Wow, that's a great marketing idea!
Cheers!
I pay 1100€ (1300$) for an apartment of 60 square meters in the outskirts of cologne.
was the cheapest
Greetings from Germany
edit: without electricity, plumbing ect. alltogether I pay 1400€ (1647$)
similiar to london, the USA is cheaper because their houses are made from wood and they have more space
Thanks for the info guys! Love your show! Congrats to Matthew on the new upcoming baby! Love ya!
amazing drone shots!
Love you guys.. just watched your 4 part show on Amazon.. really enjoyed it and production was amazing.. you should definitely make more, enjoyed it like I did top gear back in the day
I subscribed about 3 years ago and distinctly remember you saying how cheap China was for rent and food (although cars were always expensive), now it's just nuts expensive. What a flip.
Karl P Because real estate price doubled during from 2016 to 2018
@@hengwu8004 That's astonishing, cannot be sustained, it's a real estate bubble.
Karl P agree, seems it’s going down now, we chinese have not been given a lesson from this bubble before, instead in the past 10 years people have more real estate has become richer and richer, those without are more n more desperate. but the market is now restricted, both sides buy n sell, high pressure from the trump government trade war, banks suffering, stock market plunged, index dropped half from the top, many stock dropped 70%+
@@hengwu8004 A bubble only becomes a problem if it bursts. The Chinese government is almost unique in that it can micro-regulate the economy so there may be a soft landing investment wise. If anyone can steer around this type of situation, it would be the Chinese government, just because they can intervene quickly and at every level. Direct intervention on investment, banking, private/corporate stakeholdings Etc is not an option available to Western governments for example.
Kindly remind you that this author is talking bullshit and exaggeratting a lot to please Westerners for money.
Shenzhen average salary is around 9600RMB =1395USD/Month *13(one more bonus month)=18200 USD/Year Before Tax. some company gives you 5 months/6 month salary as the bonus at the end of the year. If you are doing IT at middle management level, your salary tripled at least.
This stuff is only true if you live in a teir 1 city... I live in a teir 2 city in one of the best residential areas in the city (Vanke level A development) and I pay a little less than 4,000 yuan a month.
Food at a stall will be less than 15. Food at a low level restaurant will be less than 30 per person. Food at a nice restaurant will be less than 100 per person. Food at a fancy restaurant will be a few hundred per person.
Not really, I live in a T3 city and I spend as much money if not more than I did back home. A decent meal is at least 50-60 yuan per head. My branded electronics (TV, Computers, Phones) all cost as much if not more, my clothing costs the same price, my car was A LOT more. While rent is cheap (2,500 for a decent house), last year it was 2,000. I can honestly see this being 3,000 before the end of the decade. I import a lot of stuff such as cosmetics, eye care and shampoo. It's extremely expensive.
They are spot on in this video. If you live like a Chinese person you will find it cheap, if you want to live a western lifestyle it's more expensive. China is expensive and people are making a lot more money here than they were a decade ago, some of my colleagues salaries are surprisingly high even at local companies.
Probably because you import a bunch of stuff. Why import cosmetics and shampoo? If I was in America and I only used Japanese shampoo, it's going to be more expensive.
There’s a rather small and finite amount of great places to live in the world and a population that grows by 200,000 every single day (worldwide). What happens when you have finite supplies and increasing demand?...
Beginning of the vid reminds me of trying leben in Morocco, which is essentially just pure buttermilk. I can barely stand the taste of pasteurized 1% milk so you can imagine my response (see C-Milk). I felt so rude in front of my local friends gagging on their beloved sour milk haha. Never again.
It’s the same in the West ! Australia small suburban house that was $250 k 15 yrs ago is now $1m+ , young people cannot get into the housing market it’s crazy esp in Australia where we have sooooo much land and soooo little population we need a bit of Chinese crazy building here to fill the market void , problem is it’s the Chinese investors buying up the Australian houses that is totally busted the system in Australia, something need to happen that’s for shore or the next generation will be renting for the rest of their lives and that’s fine when you are working age but when you retire paying rent and living will be harder.
poortaiwanese yes I agree , the price will come down when the housing market bubble bursts lol , the Chinese gov is doing that yes but as with most things the average Chinese person knows how to use Hong Kong to get their money out it’s very common and very well known , also the Australian gov has tried to limit Chinese investment as that’s a major issue why young people are being priced out the market , the gov need to do a massive land release and give tax breaks to developers willing to work with gov in starting a building explosion as that is what’s needed here . Any Chinese investors read this contact me bring your bags of Chinese money and we can make a bomb.
"We're hung over, surprise."
It's a way of life in east asia.
Eventually, the housing bubble will have to pop or deflate.
Which will have side effects, of course. But at least housing will be affordable again.
As long as the housing hasn't been ruined by bombs. States with high debts often used war as a means of writing them off. Also means they can push through harsh measures to increase taxes, etc.
Yeah, no. The Chinese government isn't afflicted with the particular kind of insanity that would deliberately invite a foreign power to bomb a bunch of Chinese cities into oblivion just to relieve their economy of some surplus housing.
I suppose I could see them ordering largely-unoccupied housing units torn down by government fiat, though.
Who buy crap houses in a dictature ?
Even in the USA some areas never had recover from the last crisis
Nice little Rentley at 10:37 :)
I love your channel; it makes YT worthwhile. Excellent content and gracious hosts - what more could I ask for?
I was watching an ADVChina video when I saw the notification,
Israel 20km from Tel-Aviv, 12$ for square meter, 1120$ for 90 meters.
In the very center prices are much higher, you can add maybe 500$-1500$.
But the average salary is about 2800$...
Yes me or my family have never been in debt, but the feeling of being just above it is not great either.
@Shawn Jones - I've been to Israel several times and let me assure you - Israel does exist. Or the mushrooms were really, really good.
just enough to keep you where you are in society
@@ShawnJonesHellion go take the land back😂let us know how it goes
@@Dfthg-bz3hp You should see what that tool box, Shawn Jones, looks like. Check out his content. He seems a bit slow, so we probably shouldn't make fun.
@@xenonram YIKES thats a page I wish didnt exist 😂bunch of bullshit conspiracies and propaganda badly regurgitated from him watching fox news as he attempts to seem like an intellectual 🤣
Great video. Excellent that you use metric system.
N7 worn out, you need a new one.
it's degraded at the same rate as the Mass Effect game quality has gone down
Rasputin Varez man there were so good than the embarrassment of a game andromeda
Wow, those prices are insane. In my city in Northwest Ohio you can rent a very nice luxury apartment or a big house for $1000-1500. The average is more like $700 for a smaller house or a decent apartment. I'm renting a couple rooms from a friend who owns a trailer while I save for a house -- the size of which is pretty comparable to a very small house. My portion of the rent is $300 (2000 rmb) and I make $70k+ per year. I can't imagine spending three times that much and only making $8k.
And then of course most of the other expenses around here are way better than most places. Cheap gas, cheap fresh food, relatively cheap electronics..
they're the only reason why i turn off my adblocker.. Because of theses hangover guys... Ohh I just love their videos,
@Infovest you're still watching though. Lol.
lol' 2 strkes and time to call in a Pinch Hitter, Winston even did a back flip for the SA goon squad girl.
Arclight56...why no content on your site? and when you said 'we looked into it"is there more than one of you?
yea, Im not saying your not ligit, just that im wary of no content posters, YT is full of cons, a good example is DUTCHSENCE..and his eq rabid fans..like to really know what he rakes in...he pleads poverty..yet now lives in a lake view house?
Again, good topic and good perception! keep up the good work gentle man!
When i was in Beijing i got a coke from a 7/11 in the middle of the night for like 3 rmb, that would have costed atleast 13 rmb here in sweden.
Assuming it was real coke. ;D
lol
why did you get a coke?
Over the last several months I changed my mind, i really do not want to go to China at all anymore.
Evolover China is somehow good, of course bad thing might happen, but overall its good
If it means anything these guys are full of shit
I would not go because china will be implementing a Social credit system by 2020. Look it up
Definitely it pass for me crossing out china out of my travel list
@@LightStreamer Can they do it everywhere or just in the largest cities?
"Milk... Again? Aww man!"
Who gets this reference?
The same here in Norway aswell with the housing but not as bad as China, my dads house cost him 180,000Nok(Norwegian Kroner) and he made about 90Nok an hour as a constructionworker when he bought it 25years ago, It is now worth about 1,700,000-2,000,000Nok. In comparison I work at a store now making 157Nok, A constructionworker makes about 210Nok so salaries have just over doubled but cost of housing is tenfold. Atleast we get a lot better intrest rates now which helps, It went from 18% when my father bought his house to 2.2% now.
Don't forget that for every yuan of debt, that is a yuan in somebody's bank account. This is the biggest division between the rich and the middle class, especially in a place like China. The middle class is practically defined by their ability to pay the mortgages owed to wealthy elites.
No there is not. Look up "money multiplier"
zsqduke Learning to read a bank's balance sheet completely changed my perception of the world. I recommend it.
www.usdebtclock.org
Codediporpal: Yes,and that 1 yuan would probably be in only 10% of fhe population's account. In fact the percentage os even less. China a country that has a history of revolution and revolt will find in the near future a large segment of the population agitaing for change!
In the apartment I used to live in: $600 for 600 sq ft. The price has since gone up to 800ish, but still includes water, sewer, trash collection, and free maintenance (when they finally get around to it)
Rock on😊. I left China for a reason…
Where next?
@@superjeffstanton India 🇮🇳
That is the type of thing will happen when the central bank print money all the time.
Kimmel Black absolutely true.
nice editing on this one
Have you done a vid on the factories and the factory housing and the people that work for them? Keep up the great work
Are you guys going to make a video about the chinese family in the hotel in sweden and the "introduction video" on youku from svenska nyheter?
As always excellent content thank you guys! 😁
My house is 2,700 sq ft = 251 sq. meters. Bought the house brand new 8 years ago. Cost was $180,000 USD - I live in Las Vegas, Nevada.
You live in a desert, congratulation now try buying prop in San Francisco and come back to me.
Best video yet - I hope all those "China-philes" will take this to heart.
Come to the Bay Area (San Francisco). with 1000 dollars per month you are lucky to get a room in a city like Daly City or San Bruno. Forget San Francisco. Do you want a Studio ( 40 square meters ) in San Francisco? Well at least 3000 dollars per month.
Mauro's Chronicles Or you can live with the street poopers. You can't even live in Daly City on 1k a month unless you are sharing a 2BR with 5 people
@J G dear JG, I am happy for you.
@J G I had a place like that near the beach in LA. It was beautiful, had a large deck, faced away from the house, and I had their well-landscaped pool/party area all to myself. Dirt cheap, too, but part of why it was so cheap was that I had no lease.
Then one of the landlady's kids became homeless and she kicked me out to make room for them.
@Despiser Despisedsounds like bullshit life in California is certainly alot better then Republican runned Texas
I am am shock that one of the most expensive cities in the US is expensive. Who would have thought?
Seriously... Try Toronto. The prices there make the Bay look reasonable
I live in a 3 bedroom apt in China by myself 105sq meters, costs me 1000rmb a month, less than 150 US dollars. Plus the place is brand new.
Horrific news. I know you guys visited States not long ago however closer look would show life in the states is very similar
Spot on video. Even in the village the costs goes up and up. We no longer eat out (don’t know what we get). And my stomach is back to normal. I agree with the car they are just to much money (not worth it just for face)
In reality, its more expensive to live anywhere in Asia if you live as a westerner. Very much you take for granted back home either is hard to get, restricted or expensive (or a combination of them all) in Asia. That’s just a fact. As a tourist you won’t notice it, but as soon as you want to settle down, your western lifestyle and mindset will catch up and start taking over your ideas, needs and decision-making, making it a lot more expensive than it cost for the locals and for many even be more expesive living in Asia then back home... most people don’t even realize it. A strange phenomenon among westerners in Asia.
Thats BS. I lived in Bangkok and I rented a luxury condo for 354$. With hardwood floors, nice kitchen, nice balcony. Swimming pool, fitness center, steam room and sauna etc. I lived on 1800$ a month their it would have been like living on 6000$ in a major us city. This was 2010-2013. Sure it wasn't in the city center but it was along mass transit lines and only a 20 min ride to the center.
At the time the video was made renting a nice and clean apartment in a good neighborhood, same size as Winston’s, in a 3rd tier city cost 2000-3000 RMB, which back in the day roughly was 300-450 USD plus quite cheap utilities. It might have changed now though.
I agree with cost of living in China my friend recently moved to China from india and he realised the things that he used to purchase are costing him more than he thought even the price that you are paying isn't getting you a quality stuff that concerns him.
Electronics costs more
Branded clothes cost more
Foods cost more
Let's not talk about rent it's huge
But his real concern is the medicine and all the speculation revolving around it, he just can't trust it. So, I have to courier him some from India
I don't know at what point China gone that expensive but it's good if local people can afford it
4:24 My apartment is similar per square meter, but the city is so small it more like the country side (Germany). And people say this is very cheap. Last local elections, high rents where the main topic, every party promised they will lower it, nothing happened after elections. But at least the wages are higher.
"🐏羊person" that is quite the pun!!! 😀
OMG I love this drone shot b-roll.
Inflation. The easy way to raise taxes on your citizens.
You guys the best. I know about China now. I support your show always.
your prices are comparable to NYC I nice apartment studio start at $1500 to $2400 a month one bedroom is $1500 to $2800 a month depending on the neighborhood. they want to keep people in Debt they want renters not owners
U r way off. 15 years ago I rented a 2 bedroom 1000 sf that's like 85 sm for 2400 per mo in park slopes Brooklyn. U don't live in NYC so why r u commenting. Prices r much higher
I lived in the upper east side (York ville)for 25 years you can always find a bargain somewhere and it depends on when you entered the market when I first started renting an apartment was $700 to $900 a month starting that was in the late 80's the ceiling came in the mid 2000's
I got may bachleors and masters at Columbia University. You r way too low. the avg apt is over a mil. 5% yield is 50K....thats 4K per mo...learn math
I dont care what your degree is I was there on the ground looking for my first apartment that was the price of studios I got lucky and found a garden appt. for $875 mo. This is Rent not purchase price most people cant afford to buy even in the early 90's they were $$$
Thats why you r still renting....learn math...people in NYC understand the relationshp between ownership and rental rates...you r off..
My first apartment here was 3200 a month. 2 floors, but very small. Had an actual shower instead of a shower head over the toilet so it was the best unit we could find. A year later my wifes parents bought us a unit. 3.4 million RMB. 180 Sq meters. 3 bed/ 2 bath. Very big home by chinese standards. In the past 5 years the price for this home had gone up to 4 to 4.2 million. (around $600,000). In my home town of Missouri that would buy a Mansion. Housing prices are insane here. Food prices arent too bad, but i do alot of home cooking with fresh ingredients.
Where is the merch link if I may ask 😬
teespring.com/advchina
ADVChina Thank You gentleman 👍
5 years ago i study at Australia it cost around $1000 per month only to have room (you share apartment) at the city.
TIL C-Milk doesn't like milk.
He is so right about the taste!! in far east and north eastern china they have ice cream bars made of that milk... was like eating a really salty chocolate icecream bar...
ADVChina:
Time to move to Taiwan! *_:D_*
@Arclight56:
Yeah, but now they'd no longer be in danger of Organ-Harvesting! I'm so glad that Red-China's pricing itself out-of-existence! *_:D_*
@Acrlight56:
*_FALSE...!_* If the average Red-Chinese person cannot afford a Red-Chinese Apartment in Red-China, then there's a problem! No, it has nothing to do with being some Loathsome American punk who's there for a bullshit-career, and
*_''Chinese Fucky-Sucky'! :D_*
@Arclight56
What have you the impression that 2 fulltime youtubers were teaching English? And when exactly do they have time to teach? Go peddle your racism elsewhere wumao
@Arclight56
At first yes. But Matt has taught math or engineering at a university for years until they went full time TH-cam. And Winston did not teach real at a hospital, your facts are completely wrong. He taught how to interact in different situations and expectations of medicine in western countries. Literally every viewer but you knows that. You are outing yourself.
@Arclight56
Lol. So you are a wumao doing flesh search. Your bias is exposed. But the burden of disproving their assertions is on you.
All we know for sure is you hate foreigners, and I assume you hate Chinese people outside mainland China since they are foreigners. You are sad, take comfort in your hatred, because no one else will
Thanks for the honest insight guys. It really helps me to put together a world image.
羊person made me crack up AHAHAHAHAHAHAHAHA
I did not get it. What was the joke? Is person written or said the same as sheep?
@Just A User Sheep is pronounced yáng, which sounds like the english young.