4 ms·

I think Shenzhen is the new valley of 1980. (Though to the GP you’re probably already priced out of the housing market there too )

sgt 6y ago
But China is still rotten to its core. Eventually that'll backfire heavily on both Shenzhen and entrepreneurs trying their luck there.
- Ygg2 6y ago
  Being rotten, never stopped anyone. The biggest problem is that money can get easily into China, but not so easily out of it.
  - 411111111111111 6y ago
    They love to export goods, so it's still easy enough. That will have complications in the future, but that's the next generations issue, not the person making the decision today that wants a nice bonus.
    - elcomet 6y ago
      When they export, money gets in. But they don't import much , if you look at china's trade balance, it's at + 421 billion dollars [1] (money going in) while USA is at -616 B [2]. So it's in fact hard to get money out of china. [1] https://www.statista.com/statistics/263632/trade-balance-of-china/ https://www.statista.com/statistics/263632/trade-balance-of-... [2] https://www.statista.com/statistics/220041/total-value-of-us-trade-balance-since-2000/ https://www.statista.com/statistics/220041/total-value-of-us...
      - Aperocky 6y ago
        But the total import of China in 2019 is $2.09 trillion. Which is 5 times the surplus you mentioned. If your think that surplus is a lot, then 5 times that is definitely not "they don't import much"
- eptcyka 6y ago
  And the states are not?
  - sgt 6y ago
    The US is a stable and functioning democracy. This is not to say it is perfect.
    - bluntfang 6y ago
      >The US is a stable and functioning democracy. Our current president and almost half of the country explicitly doesn't think so.
      - dimitrios1 6y ago
        This is hogwash, and a lie mostly propagated by blue check journo twitter. Remember, twitter is not representative of anything even close to consensus political opinion. It's mostly an echo chamber for elites patting themselves on the back for their "correct" opinions https://www.theatlantic.com/technology/archive/2019/04/twitter-is-not-america/587770/ https://www.theatlantic.com/technology/archive/2019/04/twitt...
        thanatosmin 6y ago
        GP said nothing about Twitter.
        dimitrios1 6y ago
        Excellent observation. Correct you are GP said nothing of twitter. I did. If you start with the beginning of my comment "this is a lie" and follow along to the end of the sentence, I begin to extrapolate where I believe to be the primary source of this lie, twitter, and make an indirect reference to the perpetuators of the lie, the media.
        OkGoDoIt 6y ago
        It doesn’t matter if it’s false or where people got the information, what matters is a surprisingly large amount of people honestly do believe it. Including most of my extended family, various friends in Georgia and Michigan, and even several friends in the bay area who should know better. If enough people believe a lie, they can force action based on that lie. We feel so safe saying “that’s hogwash”, but we should take it more seriously.
- OkGoDoIt 6y ago
  Regardless of your opinion on Chinese politics (or your opinion on California politics for that matter), Shenzhen is absolutely blowing up. Just talking with random tech and startup people there, you feel an energy and optimism that is hard to find in the bay area these days. As a non-Chinese citizen, investing in property there feels a bit too risky for my appetite, but I certainly would not bet against it.
chaostheory 6y ago
Unlike other places, people don't own land in China right? You can only lease it for x number of years. That changes the dynamics of the real estate market. Pollution is also terrible with no end in sight.

sgt 6y ago

But China is still rotten to its core. Eventually that'll backfire heavily on both Shenzhen and entrepreneurs trying their luck there.

Ygg2 6y ago
Being rotten, never stopped anyone. The biggest problem is that money can get easily into China, but not so easily out of it.
- 411111111111111 6y ago
  They love to export goods, so it's still easy enough. That will have complications in the future, but that's the next generations issue, not the person making the decision today that wants a nice bonus.
  - elcomet 6y ago
    When they export, money gets in. But they don't import much , if you look at china's trade balance, it's at + 421 billion dollars [1] (money going in) while USA is at -616 B [2]. So it's in fact hard to get money out of china. [1] https://www.statista.com/statistics/263632/trade-balance-of-china/ https://www.statista.com/statistics/263632/trade-balance-of-... [2] https://www.statista.com/statistics/220041/total-value-of-us-trade-balance-since-2000/ https://www.statista.com/statistics/220041/total-value-of-us...
    - Aperocky 6y ago
      But the total import of China in 2019 is $2.09 trillion. Which is 5 times the surplus you mentioned. If your think that surplus is a lot, then 5 times that is definitely not "they don't import much"
eptcyka 6y ago
And the states are not?
- sgt 6y ago
  The US is a stable and functioning democracy. This is not to say it is perfect.
  - bluntfang 6y ago
    >The US is a stable and functioning democracy. Our current president and almost half of the country explicitly doesn't think so.
    - dimitrios1 6y ago
      This is hogwash, and a lie mostly propagated by blue check journo twitter. Remember, twitter is not representative of anything even close to consensus political opinion. It's mostly an echo chamber for elites patting themselves on the back for their "correct" opinions https://www.theatlantic.com/technology/archive/2019/04/twitter-is-not-america/587770/ https://www.theatlantic.com/technology/archive/2019/04/twitt...
      - thanatosmin 6y ago
        GP said nothing about Twitter.
        dimitrios1 6y ago
        Excellent observation. Correct you are GP said nothing of twitter. I did. If you start with the beginning of my comment "this is a lie" and follow along to the end of the sentence, I begin to extrapolate where I believe to be the primary source of this lie, twitter, and make an indirect reference to the perpetuators of the lie, the media.
      - OkGoDoIt 6y ago
        It doesn’t matter if it’s false or where people got the information, what matters is a surprisingly large amount of people honestly do believe it. Including most of my extended family, various friends in Georgia and Michigan, and even several friends in the bay area who should know better. If enough people believe a lie, they can force action based on that lie. We feel so safe saying “that’s hogwash”, but we should take it more seriously.
OkGoDoIt 6y ago
Regardless of your opinion on Chinese politics (or your opinion on California politics for that matter), Shenzhen is absolutely blowing up. Just talking with random tech and startup people there, you feel an energy and optimism that is hard to find in the bay area these days. As a non-Chinese citizen, investing in property there feels a bit too risky for my appetite, but I certainly would not bet against it.

chaostheory 6y ago

Unlike other places, people don't own land in China right? You can only lease it for x number of years. That changes the dynamics of the real estate market. Pollution is also terrible with no end in sight.