TIL of the Great Male Renunciation

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[–][deleted] 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (2 children)

I agree that real estate has gotten stupidly expensive in most areas. Even modest homes are out of the price range of so many people.

[–]Chipit 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

My relative couldn't buy a house in Seattle because as soon as they came on the market they were snapped up by Chinese desperate to get their wealth out of China. It was stolen wealth, and if the government found them they'd lose it. So they don't care about the house, the condition, if they can find renters, anything. Just buy, immediately. No faffing about with financing, a wire transfer to the bank for the full amount, tomorrow. And who cares if it rots or sits empty for 10 years? It's still better than losing their money by keeping it in China.

He eventually found a house - got lucky. It was mis-listed and he bought it before anyone else discovered the mistake.

[–]lil_peter 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

People will still argue population has no effect though. Guess they never had to share.