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Josh Shaffer
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Josh Shaffer

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Daniel Ely Rankin originally shared:
 
This is insane. 64 Million open apartments many of which, have terms of 50% down upfront and balance in 3 years, and of which, the price is 15x the average yearly wage of industrial workers.

Maybe we are borrowing money from china because we know their currency value will collapse harder than ours ever could.


edit:

Researching the numbers, if this has been done for a decade, that is going to account for 10% of GDP over those years, for the last decade.

64million apartments translates to 7.7 trillion dollars (just in residential, not the commercial to support it) and Chinese GDP is only 9.5+ Trillion for the year.
Via +Sean Cowen
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Have him in circles
23 people
Tom Harris's profile photo
jeff Weihing's profile photo
Genevieve d'Entremont's profile photo
Kathy Boyd's profile photo
Elisa Shaffer's profile photo
David Wendt's profile photo
Joseph Shaffer's profile photo
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