China Cracks Down on Wealthy Who Don’t Buy Homes, Next Target: Those Refusing to Have 3 Kids
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- เผยแพร่เมื่อ 17 มิ.ย. 2024
- China's economy is sluggish, and the real estate market continues to slump. Qingdao, Shandong's largest city and an important coastal center, has seen house prices fall back to 2016 levels. Local authorities are trying various measures to boost the market. Recently, a street office in Qingdao called for interviews with residents who have large bank deposits but are not buying houses. This move was mocked online.
A Chinese WeChat public account, "Three Young Men," published an article on June 10 titled "From Malicious Non-Buyers to Deliberate Non-Parents."
The article mentions that a Qingdao street office issued a task notice to promote home-buying policies. If residents with large bank deposits were found not buying houses, it was deemed a lack of awareness, warranting a reminder talk. This task was included in employee performance evaluations.
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Next, the communist officials will crack down on poor people who don't buy enough instant noodles.
Ha, ha, love you.
No. Electric cars first, then solar panels ( Yeah I know they make no sense on high rise buildings, but its communism)🙃
If they are true socialist, they should just be giving them away for free.
They'll just steal your money next
And women who don't have 3 kids
Wolves want sheeps to breed
That is the truth.
100% correct. That is how the wolves get fat.
Same in USA and any government governed country
@@palvierflex4344 You need managers and workers. If all are managers, who will physically work?
@@delick01 Just the opposite. In USA they hand out free abortion pills. They want us all to die off so that Blackrock can buy up all the land for cheap.
all the rich Chinese and corrupt officials who bought many apartments at higher rate must be very sad these days.
They'll just force the poor to but them.
These officials have cash lined the walls and millions worth of gold and liquor, i think they will be fine
the actual rich Mainlanders own apartments in NYC packed full of jewelry, art, and other shit bought to get around the capital controls. source: I sold many of them six figure priced jewelry items they didn't even ask to try on before putting a bag of cash on the counter
@@jarodarmstrong509 is the jewelry really worth that much 😂😂
@@manoj1350they are shiny rocks and minerals whose only job is to look pretty. They are worth what people are willing to pay as their only value is the desire to own them.
Stepping closer and closer to mandated breeding sounds awfully dystopian.
Wouldn't even be new for China.
I mean the one-child policy sounds like one.
@@MK_ULTRA420 yeah, non-consensual terminations of pregnancies was not what one would call utopian either.
But somehow forcing people to have children they don't want or can't afford to have to provide labor for the economic mill seems somehow more twisted. As tragic as it is to deny people children that they might want, force children to have parents that don't want them seems worse.
@@merphul At this point, I believe that the Chinese people have the government they deserve.
They gonna do the gengis Khan lottery lmao
THIS is one of the main reasons why a cashless society is scary...imagine the government knowing how much you have in the bank.they are now forcing society to invest the money when the economy is down. No jobs and unstable economy
Yep they own you and your money that is a wake up call for everyone of us and I believe this is the main reason why Chinese are buy a lot of gold
Except even these gold is fake with the inside filled with lead
This is why the CCP likes WeChat so much. They can control every aspect of your life with it.
This is why the WEF is pushing the rest of the world towards a cashless society!!
scary time ahead!!!!
what makes you think, that the state (some elements of it aka intelligence) cannot get this information in all countries over the globe.
Think about what snowden gave us for information.
"malicious non-buyers" sounds very communisty
Sounds insane 😂…. next, people homeless or not, must have more babies or face jailed .
Well they are aren't they?
it's an ironic statement from some bloggers, mocking this policy. have you ever tried breathing with your nose instead off just mouth, to get more oxygen to your brain? thanks.
They should have just used the word "saboteurs".
Not very patriotic to not buy (aka lease for 75 years), a house. Do you not love your country? Do you not support the current government under heavenly father Xi?
Only in china when buying a condo you have to punch the wall hard to see if its filled with styro foam 😂
It could be worse than styrofoam.
Oh jesus 😂😂
Punch? More like, lean against.
Punching the styrofoam wall is an American thing. In China, all you have to do is look at the wall and it will crumble.
@@marlan5470 yeah, I live in a house in the USA and someone thought it would be a good idea to fill one of the walls with styrofoam, it took me by surprise that grown people thought of this. The styrofoam broke apart and now I’m stuck sweeping up styrofoam pieces, replacing this stupid wall this year.
Malicious Non-buyers. wow.
My thoughts, exactly.
It’s turning into one of those countries where you are damed if do and damed if you don’t.
Kinda sounds like something entitled women would call men who refuse to “ man up” and get married. They are HUGE mad that men are finding happiness without requiring them.
@@richardbossman9875pasport to Philippines bro its the greatest
The root cause for all of this malaise is CCP direct control/intervention in all aspects of social and economic activity. This never works. Now the CCP is in debt to itself with nowhere to go, and Western investment has run away.
Western investment might return if they issue enough threats. Like hey you, yeah you dumb ass, give us money!!
Even japanese, Korean and Taiwanese companies has fled china. Even china's neighbours don't want to do business in china
Wastern investment has not only run away but it's passed away..
What a minute, you mean communism doesn't work??? I wish there were 44 different examples you could point to. Oh wait, there is... 👀👀
Dictators dont believe their people should evolve, thats why the US has succeeded because it decentralized power among its citizens.
Closer and closer to North Korea
Already there
True
Camazotz On The Yangtze.
Not even North Korea controls what people spend their money on, or how many kids they must have
We're now in the era where china wishes it had the construction quality of the DPRK.
You're better off buying a sand castle than a house in China. At least the sand still has value after collapsing.
If you buy a house in China the buyer will be in big trouble from the way they are built
I remember seeing a video like 10 years ago, there were some small anti-china protest around college campuses here in the US/Canada, and chinese supporters also showed up to I guess oppose those protests. Needless to say these chinese supporters were college aged people from china here on a student visa, most likely with parents decently wealthy. They were asked on the spot why they would support the chinese government and their authoritarian style of ruling, and they basically answered "Because as long as we are prospering and getting wealthy, who cares?". This was 10 years ago so the chinese economy was still fine and the freedom crackdowns weren't that extreme. I would love to see those that got interviewed to answer again today.
Tofu dreg
@@ferriswheeler08 5G AI Slopexpertise
Well, if you do not buy homes or have the kids we want, give that cash to us. Now. This is not a request.
5G AI Financial expertise
😂So NOT buying a house or an apartment will now be considered as “picking quarrels and provoking conflict.” No wonder so many mainlanders are fleeing to the Mexico/U.S. border.
Blows my mind that rich Chinese trust their government enough to put that amount of money into their bank. You should only put what you are willing to lose. Especially in china.
This is why so many are buying gold.
They have gold in cellar and money in foreign banks. If you have kid, it is perfectly ok in eyes of CCP to have a plump account in a foreign country for your brat to study and live there.
Cashless society.
Where else could they store? It could get stolen in home, can't invest in stock market. The only safe asset was real estate which is not doing well.
@@anushagr14 Divide you assets with cash in multiple banks and gold. The video indicated that the client has a lot of money in the bank which is why they contacted them to force them to invest.
Why doesn't anyone want to buy apartments made of cardboard and styrofoam?
Literally 1984
Probably their guidebook and secondary bible in party meetings.
Makes me kind of glad the west got Brave New World with drugs and orgies.
😂🎉
No worries, the CCP is what we refer to in America,
as "Too Big to Fail." 😉
The roman empire taught us otherwise. The only reason in 2008 too big to fail worked is because the economy still had a shot to bounce back. Now it's not the case, not in America not in China. The only way things would work is making billionaires transfer capital to normal people and that would stimulate the economy, but you won't see that happening ever.
I think you're correct. Everything is planned. They have an insane gold reserve and are going to revalue their currency with BRICS. Petrodollar is not renewed. The dollar isn't backed anymore. The Chinese will push both CH and US economies to crash all the way, and then 'rise like a Phoenix'.
@@sabincioflec8413 billionaires transfer money to normal people and then we're all the "same". Marx and Lenin would be so proud of you 😂
@@mickeyk8380 If there will be a cap on poverty, as in a minimum to survive then you need a cap on wealth. No person should have more than a billion, even that is too high. Anybody thinking otherwise is put simply, a moron.
Also there is a grey zone between corrupted capitalism and communism, but most people are just so stupid that everything is either black or white. Just make a toy game, if you would have a village of 100 people and 2 of them would have 50% of the resources and 10 would die of hunger, would that be normal in your little head?
@@mickeyk8380 We would be the same for a grand total of one day. The very next day the previously rich would start becoming wealthy again and the previously poor would start a very short slide back to poverty. Within a year the situation would be pretty much back to where we began, although a lot of booze would have gone down poor people's throats at the billionaires' expense.
Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanely possible.
Perfect.
Already have
🤝🍻🥂
yes 👍🏽
Most of the products I buy are not "Made in China". I will cancel to buy a product if I find out it is "Made in China" it that product is not absolutely necesary for my survival, which most of the times it isn't...
Most of the houses available to buy are bound to be Tofu dreg palaces, ready to zero out the buyer's equity in no time. Imagine being a chinese worker bound to know about how shoddy most construction is, and then getting forced to buy.
😂😂😂😂
I agree with you buddy but worse than the tofu houses in China we have the cheese house in Australia
Keep in mind that some of the homes being sold are not built yet. So, if the construction company goes bankrupt, there goes your money. Or perhaps it's a pyramid scheme, they are trying to sell a home to Peter to build Paul's house (a previous buyer). And then sell Larry a home to build Peter's house.
exactly a pyramid.
it's always been a ponzi scheme
i doubt they wont pocket some money, eventually even this chain will be broken
economics classes for the next 300 years will use the ccp as an example of exactly what not to do and why those tactics can never work.
Unless that class is being taught by a communist.
In which case, it'll be used as an example of Not Real Communism™.
Nah
They'll tout how they brought 400million out of poverty
If I got a notice like that, I would use that money I have to illegally get into another country.
Madness... they have already taken from the poor, now they going after the rich lol
The rich who can go, have already left.
There was one province where they put a special tax on doctors 😂😂😂
A "normal" doctor had to pay a certain amount.
A "manager" doctor had to pay more
A "director" doctor had to pay even more etc...
To justify this "tax", "they" said doctors received a lot of bribes!!! It was time for the doctors to pay back 😂😂😂😂
Immediately people stop using banks lol
Lol, how do you maliciously not buy a house? So, is saving money in general illegal now? The only saving is to buy a house. That is crazy because most houses are 3 generations in cost.
It's Xi's money and he wants it back. Loan Shark Supreme leader.
I would get a "reminder talk" for both not having a house and not having children. I would probably end up in jail.
"jail"
th-cam.com/video/ldy4LOgvUCw/w-d-xo.html
For a day...congrats!
🎉😂
I remember at the start of this housing crisis, a CCP official was telling the people. If you own one house, buy two. If you own two, buy three. In a year, this will be the CCP's official policy.
I would never buy a home in a tofu high rise building in China.
Aww, and I was just about to pick up some sweet, sweet property deals on the Chinese market. Not. The Chinese have even exported their property bubble overseas. In Malaysia (for example) Chinese property developers have got massive apartment complexes as ghost towns which have never been occupied.
Well in Australia they have bought a lot of houses.
@@KoDeMondo They certainly have, and that is a much better investment than their own market.
Those aren't homes. They are apartments.
That was awesome. Too much money in the bank and you had better buy a house. I love it.
So your money in the bank isn't yours? Its the government and you need to use it on property that you don't need, destroying your financial security and putting you into future debt?
By this point, nobody will do ANYTHING that the officials want, at least until after the job market is fixed, the cost of living in general is lowered, and the poor citizens get a significant reimbursement of all the crap they endure.
"Wait, thats illegal!"
Oh honey. First time in China?
More scary, that is the statement from Chinese citizens. They still can't believe as they have been kept in the deep dark.
“Anyone who maliciously does not buy a house! 🏠 😵💫😵💫😵💫 The Chinese have become so absurd.
why are you surprised? they even try to claim the entire south east asia sea! hahahaha
"Numbers are the enemy of the People!"
WOW SO GOOD
Can't wait for people to get arrested for not buying an EV
Nah, for not buying an electric scooter so the police can confiscate them later.
Công an giao thông Trung Quốc thu giữ xe máy điện đã mua 1 năm trước, ép người dân phải mua xe điện mới. Đồ điện nội thất cũng bị ép phải mua mới
Being poor and not buying a house is being malicious?
Having large bank deposits and not buying a house
lol. imagine being single because no woman wants you and you're forced to find someone to have kids...
Lot of woman that can't find a husband. Don't understand how both can be true at the same time.
@@russellstyles5381 you havent much experience, do you? its well known that both woman cant find husbands, and men cant find brides in china. if you know some things about the dating market you would understand how both can be true at the same time :D
Why buy a home that might not be built and even if it was it would collapse.
Why own a home that cant really be passed down to your children due to all homes are leased and on leased land.
Even if you had the home and it was built well is there enough stable work to even begin to pay off a mortgage.
Why buy a house when the price will drop the moment you buy it, leaving you unable to sell and in debt.
Now your being forced into buying a home. Imagine if the government came and forced you into paying a bad investment.
(At that point just take peoples money from the bank, just openly rob them)
Its certainly a unique issue, while housing in Europe is overpriced and there isn't enough, China has over abundance, its cheap, has people in need of housing but no ones buying. (Even if they want to and have the money)
Because people is not stupid and they have no job to attach to it
There is plenty of housing in Europe but the large real estate companies are dominant and decide the prices. They successfully lobby governments and the rest of the population is stuck with the situation.
Its the rule of true free market. If u sell crap building at overpriced price... nobody will buy. Then price drop😂
China does not need more Chinese people. They need to get used to the number they have now (statistical 10 year old lie) or more realistically the marked drip in population. The oversupply of apartments cannot be mitigated by the CN gov't. These apartments are only concrete shells. The apartment buyers need to spend their own money to put in flooring, a kitchen, bathroom, ceiling, walls. Who has this money for renovation on top of the apartment purchase? This is a huge difference from a new Western apartment.
How many people would buy homes in other countries if they had to gift them to the government in 70 years?
Don’t pay your taxes and see what happens to your “private property”
@@Cuban-Jopay them & your house goes to your children or favourite charity. Pay them in China it goes back to the government anyway. Ludicrous
Assuming that the house hasn‘t crumbled within 70 years.
@perisreenivas2711 house will fall in 20 yrs with 50 yrs more payment for a home that no longer exists.
@@Cuban-Jo not the same. In US system, they will auction your property and will give the entire sales money to you, minus the owed taxes.
And you are free to purchase another similar land with the money.
It's far better than just suddenly have no ownership at all after 70 years.
"Reminder talk" OMG! 🤣
"Ah, dear friends, it seems to me that perhaps the good people of this fair city have finally grasped the slippery nature of this market. The recent drop, you see, has left many a soul with a condo that's lost its luster, its value dwindling like the morning dew on a summer's day. And for what, you ask? So that those less worthy, those who would gamble with the very fabric of our economy, might indulge in the illusion of buying when the winds of prosperity do not blow in our favor. But I ask you, dear friends, what is the point of such folly? Is it not time for us to awaken to the harsh realities of this market and to seek a path that is guided by prudence and wisdom?"
Those so-called homes are not ownership of land. Uninhabited, they will decay into rubble very soon, irreversibly. Purchasing them is just evaporating cash, because rubble without ownership of land cannot be resold, meaning they cannot be turned back into cash.
its pathetic how desperate the regime is ... there over 1 billion chinese yet they submit to a few million ccp ...
Malicious non-buyers and deliberate non-parents....😂
Not property investors, but property speculators.
How long is going to take you to understand, one man cannot fix everything. Natural Supply&Demand naturally controls😮
Interesting you can barely survive and feed yourself or pay rent; But you should go and buy a house?
Please make this make sense ?
"COMMIE CLOWN PARTY" FKD THEMSELVES UP.🤣🤣🤣🤣🤣🤣👏👏👏👏❤❤🤣🤣🤣🤣🤣🤣
The 7.5% down payment will be the selling price of some homes in a few years.
"price of some homes", the lucky ones. Meanwhile the other ones are zero.
Communism, dictatorship, same thing.
if you dont spend money, you go to jail?
Yes.
The idea of saying "How can they do this? It's illegal!" about something that happens in China is HILARIOUS. Their laws are meaningless.
Prices must crash more so the poor can afford it easily!
What a dystopian nightmare.
Haha, a lack of awareness. No, I'd say they're very aware of the scammy land deals.
how are they forcing people to buy homes?
Carrot first, then stick later
Not yet forcing now they are just suggesting that you should (like mafia). If they keep refusing they will probably just say, you are a western spy and send them to labor camps
They monitor your entire life and give you points for activities. If you don’t meet expectations, you lose your “privileges” like having a job, or right to travel, or just plain prison sentences.
Can't even imagine living in one of those tofu-dreg highrises.
A crack on the head
Is what you get for not asking
And a crack on the head
Is what you get for asking
The Smiths - Barbarism Begins at Home
Thank you buddy
The term "Malicious non-buyers" is a mind-blowing term. How on earth does not buying a house be considered malicious?
A government forcing its people to buy homes and make babies. If that isn't authoritarian, I don't know what is.
To the reporter, thank you for taking the time to finally put proper effort into editing the narration. I will subscribe now.
Chinese always believe: "If you don't have a big head..don't wear a big hat."👈😁😁
Parents: "We have a house and only have 1 child. Why shall we buy 2 or 3 houses?"
New Family: "We have a house and do not want to have any child. Why shall we buy another house?
Youth: "I have a house and will not marry anyone. Why shall I buy another house?
Bought too many apartments will get you swept up in anti corruption campaign 🤣
Why build so many homes if there is no purchasers
Sounded good idea at the time.
The Chinese government doesn't follow the principles of supply and demand. THEY JUST BLINDLY BUY BUY BUY BUILD BUILD BUILD WITHOUT ANY THOUGHT AT ALL.
HURRY UP AND BUY!!
Chinese version of Blackrock, Brackarock i think its called, is going to have a field day
Don't think of any real way to support families, if there was real support being provided then around the world population wouldn't be crashing down in developed areas. Trying to come up with ways to punish people who aren't able to afford giving birth to kids is just evil...
Malicious non buyers?😂😂 how dare you don’t purchase an asset that’s collapsing in value!
o no the wont buy my tofu dreg and we cant not sell them because the wil fall apart if we wait to long
Imagine the government is forcing you to buy Tofu-dreg property where there is no demand for tenants too. Even people with jobs don't want to rent a room and would rather sleep under bridges and parks.
You should put date stamps for these sourced videos. So your viewers can know how up to date this is
Just don't be lazy, look in description
Forcing people to buy homes and have babies is just wild. As a woman, being told to have 3 children is terrifying to me. Having children is such a major commitment and difficulty on the body, your career, your income and savings, and the rest of your life. This isn't a choice the government should force onto anyone.
They're just having friendly conversations with people to remind them in case they forgot. They're not forcing anyone, which is why China's population is starting to shrink. In Germany and the US they're keeping the financial Ponzis going by letting millions of illegals across the border. So which is the crazier policy?
We complain about China but the west is going the same way. When you buy a house here in the UK, the government can now dictate how you use your house, how many people you can rent to, as well as dictating new overreaching rules on how you must heat the home. We point fingers but slowly do the same thing.
that is not the same
I remember a story on this channel where there were cities where landlords would let someone live in their place rent free as as that person paid the utilities.
last year placed an offer for a 2bed apartment near Shanghai, prices dropped from 2-3M to 0.8M, my offer is at 0.3M
not much demand for shite housing, and some of it is not even safe to live in !
It's better to store a gold on deposit box in your home rather than bank at that point
I heard the wealthy people fled China started in 2010. They also took all the money with them. This is the reason there is shortage of cash in China banks!
It's like asking:
"Who would want to paticipate in the Hunger Game?"
This is a ruling tatic of Chinese feudal government dated back thousand of years ago. It is called "growing and cutting chives".
Basically, common people are considered as "chives". They are meant to enrich the upper class, not for enriching themselves. Thus, governmental policy is established to encourage wealth accumulation i.e. "growing chives", and then changed to shift those wealth to people in power, i.e. "cutting chives".
An apartment box in the sky is not a home.
Sounds like they'll soon have bail-ins 😬
Insane! 😮
They buy American homes since they can own them vs 200 year lease agreement
Prices have to drop no matter what. But apparently they don't understand that.
If only the military would wake up and protect the people instead of it's abusive leaders,I really feel sorry for the good Chinese citizens.
The big mistake is those homes need to be built and finished... In the US, you never buy a home unless it is finish, then you check the home to make sure it is ok, then take a loan and buy it. Never before the home is built.
Given the disastrous consequences of the one child policy and the imbalance that followed as a result between male and female population, penalizing people who dont have enough children seems unnecessarily cruel and sadistic, unless you legalize polygamy...
PS: I meant polyandry :)
What is never mentioned is that son's are LEGALLY obligated to pay parents expense and can be dragged into court to pay them.
Male children are literally the retirement plan for parents while girls are viewed as an expense
The reason people all over the world aren't having children is because it is too expensive. The rich are too greedy.
I'm assuming you mean polyandry, because you have an excess of men, not of women
@@paulh.9526 yes you are correct, my mistake
Wow. 😮
China, just a few years ago: ONLY 1 kid per family, NO MORE! China, now: AT LEAST 3 kids per family... OK...
Either the voiceover isn’t loud enough or the background sound is too loud.
The prices are absurd 🗣️ They need a reset 🗣️
"malicious non-buyer"......Jesus fucking christ
Orwellian.
Double plus good.
Rise up People of China
So they've went from a 1 child policy to a 3 child policy within 30 years. Well done CCP, well done 😂