this post was submitted on 25 Aug 2025
234 points (98.0% liked)

Wikipedia

3498 readers
6 users here now

A place to share interesting articles from Wikipedia.

Rules:

Recommended:

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] sunzu2@thebrainbin.org 16 points 3 days ago (1 children)

All Chinese tier 1 and 2 cities face the same issue as US. People can't afford to buy housing on their income unless families help out.

[–] sharkfucker420@lemmy.ml 6 points 3 days ago (2 children)

And yet their home ownership is still greater than 90%. Ownership is for your lifetime without property tax. Yes families work together to afford homes but it is normal in asian cultures to live with your family for a long time. I wouldn't call their housing situation comparable to the US.

[–] Bloomcole@lemmy.world 2 points 2 days ago

93% actually.
Land of opportunity and freedom: 67%

[–] RaivoKulli@sopuli.xyz 3 points 2 days ago

If the whole extended family lives together then their situation isn't really the same either