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Beijing struggles to defuse anger over China's P2P lending crisis

reuters.com

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Re: Beijing struggles to defuse anger over China's P2P lending crisis

#101

Post by greenleafjacob »

udontgetbtc wrote: post #36
guessthejuice wrote: post #31

Earlier quoted context omitted.

BTC was trading at nearly $20K just a few months ago. Now it is trading at $6K. How is going from $20K to $6K "only been rising"? A lot of people are underwater when it comes to bitcoin.

I mean, lets be real... bitcoin traded at 20k for about 5 minutes. The extreme spike in price was over a 2 week period. The 6k figure is roughly where bitcoin was trading in October 2017 - after a year long runup from ~$500. Anyone who bought just 10 months ago still had better returns than the stock market over the same period.

The spike in price also caused a spike in popularity...

Re: Beijing struggles to defuse anger over China's P2P lending crisis

#102

Post by dmortin »

lozenge wrote: post #83
pentae wrote: post #70

Earlier quoted context omitted.

Probably not the part about protestors having their doors kicked in and being rounded up and put into holding centers, I imagine. This is probably the most important thing people should know about.

Chinese people know that protesting is illegal and that their government is oppressive. It largely doesn't matter to them because they don't want to protest. How they are investing their life savings is clearly the more important thing they should know about.

There are many protests every day in China, so people do want to protest, but many people don't, because they are afraid of repercussions.

If peaceful protests were allowed then much more people would go to the streets to protest.

Re: Beijing struggles to defuse anger over China's P2P lending crisis

#103

Post by naveen99 »

ericd wrote: post #82
naveen99 wrote: post #63

Earlier quoted context omitted.

Those property prices aren’t unreasonable given lack of property tax and higher population density. It’s the same in india. https://www.bloomberg.com/gadfly/articles/2018-03-08/don-t-b...

IIRC there's also no such thing as property ownership in the US sense - it's just a 70 year lease, which can be renewed.

in 70 years, i will have paid for my property 3 times over in texas property taxes. So the US sense is more like a 20-40 year lease depending on the tax rate.

Re: Beijing struggles to defuse anger over China's P2P lending crisis

#104

Post by ericd »

naveen99 wrote: post #103
ericd wrote: post #82

Earlier quoted context omitted.

IIRC there's also no such thing as property ownership in the US sense - it's just a 70 year lease, which can be renewed.

in 70 years, i will have paid for my property 3 times over in texas property taxes. So the US sense is more like a 20-40 year lease depending on the tax rate.

Fair point. I guess Nevada is the only place I've heard of where you can buy out of property taxes for a one-time fee.

Re: Beijing struggles to defuse anger over China's P2P lending crisis

#105

Post by naveen99 »

ericd wrote: post #104
naveen99 wrote: post #103

Earlier quoted context omitted.

in 70 years, i will have paid for my property 3 times over in texas property taxes. So the US sense is more like a 20-40 year lease depending on the tax rate.

Fair point. I guess Nevada is the only place I've heard of where you can buy out of property taxes for a one-time fee.

I'm having a hard time finding details on nevada.

is it in here ? not finding it with a few quick keywords or under exemptions.

https://nevadataxpayers.org/wp-content/uploads/2016/10/prope...

Re: Beijing struggles to defuse anger over China's P2P lending crisis

#106

Post by ericd »

naveen99 wrote: post #105
ericd wrote: post #104

Earlier quoted context omitted.

Fair point. I guess Nevada is the only place I've heard of where you can buy out of property taxes for a one-time fee.

I'm having a hard time finding details on nevada. is it in here ? not finding it with a few quick keywords or under exemptions. https://nevadataxpayers.org/wp-content/uploads/2016/10/prope...

Not sure, maybe it's not active anymore.

https://en.wikipedia.org/wiki/Allodial_title#Nevada

Re: Beijing struggles to defuse anger over China's P2P lending crisis

#107

Post by naveen99 »

ericd wrote: post #106
naveen99 wrote: post #105

Earlier quoted context omitted.

I'm having a hard time finding details on nevada. is it in here ? not finding it with a few quick keywords or under exemptions. https://nevadataxpayers.org/wp-content/uploads/2016/10/prope...

Not sure, maybe it's not active anymore. https://en.wikipedia.org/wiki/Allodial_title#Nevada

Thanks. Wikipedia says Nevada stopped granting it in 2005. It was only given between 1998 and 2005 for primary residences.
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