Earlier quoted context omitted.
Yeah, just steal/copy GitHub and offer a local version with censorship, and ban the uncensored version.
I'm not sure I'd use the word "steal" with open source projects.
github isn't open source
China mortgage boycott data erased by censors as crisis spreads
51–60 of 320 posts
Re: China mortgage boycott data erased by censors as crisis spreads
#52The linked story kind of buries the context info: > Nomura said the refusal to pay mortgages stems from the widespread practice in China of selling homes before they’re built. Funds from presales are kept in escrow accounts to use for construction. But confidence that projects will be completed has weakened as developers’ cash woes intensified. > “Inappropriate usage of presale proceeds and the lack of adequate super…
Short (?) intro for those who don't know how it works in CN: 1. Local govts are in heavy debt and sell land to pay back their debt. 2. Real estate corps pay a hell lot of money (don't care where they get them) to purchase a land ownership (for 70 years max) from the govt. 3. Before construction even begins, the real estate corps start selling the houses to citizens. 4. Citizens pay up to 40% of the total price on the…
9. Apparently banks in China are blocking people from removing money from their accounts.
Re: China mortgage boycott data erased by censors as crisis spreads
#53Earlier quoted context omitted.
Short (?) intro for those who don't know how it works in CN: 1. Local govts are in heavy debt and sell land to pay back their debt. 2. Real estate corps pay a hell lot of money (don't care where they get them) to purchase a land ownership (for 70 years max) from the govt. 3. Before construction even begins, the real estate corps start selling the houses to citizens. 4. Citizens pay up to 40% of the total price on the…
What happens after 70 years? Especially if the lease isn't renewed.
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Re: China mortgage boycott data erased by censors as crisis spreads
#54The slow motion train wreck of evergrande continues at its glacial pace
Re: China mortgage boycott data erased by censors as crisis spreads
#55Earlier quoted context omitted.
Short (?) intro for those who don't know how it works in CN: 1. Local govts are in heavy debt and sell land to pay back their debt. 2. Real estate corps pay a hell lot of money (don't care where they get them) to purchase a land ownership (for 70 years max) from the govt. 3. Before construction even begins, the real estate corps start selling the houses to citizens. 4. Citizens pay up to 40% of the total price on the…
Aside from the fact that this is a pyramid scheme, it sounds pretty similar to how it works in the U.S. when building a new house.
Three years ago I built a house to sell (I was general contractor) on a city lot my family owned. Before a single shovel of dirt was turned over, we had to pay around seventy thousand dollars for plan review, power connection, water, sewer and gas.
This really opened my eyes as to how much mitigation costs have risen over the years. I had built a house in the same area in 1989 and the initial costs were one tenth of that.
Re: China mortgage boycott data erased by censors as crisis spreads
#56the github repo mentionned in the article (16k stars): https://github.com/WeNeedHome/SummaryOfLoanSuspension
> Have faith in the party and the government. The party and the government will definitely give the people a satisfactory explanation, here is only for statistics, do not have excessive remarks! Then a link to a Mao speech. Weird
They have to remove the risk of being labeled anti-party or dissidents. They do this by appealing to the ideology, at least superficially.
Of course, this is a double edge play. Notice how the message boils down to “the party is right! It’s probably the fault of some dark, greedy figure(s) somewhere!”. But by absolving the government from ever being wrong you remove the possibility of them ever improving and fixing themselves. So someone(s) get sent to jail, others are demoted, and everything is swept unde the rug, but the structural problems remain and will appear again and again.
Re: China mortgage boycott data erased by censors as crisis spreads
#57Earlier quoted context omitted.
Yeah, just steal/copy GitHub and offer a local version with censorship, and ban the uncensored version.
If you're just trying to get the content, sure. If you want your citizens to be able to earn $ by working remotely for other companies around the world, this won't work.
Freelancing is very niche. Otherwise corp vpns do the job.
Re: China mortgage boycott data erased by censors as crisis spreads
#58Earlier quoted context omitted.
What happens after 70 years? Especially if the lease isn't renewed.
Legislation states that the lease is automatically renewed (40yrs, 50yrs or 70yrs depending on how the land was purchased) for residential housing, but there have been rumours saying that related laws will change so the property will be taxed during renewal. Considering that commercial housing started in PRC in the 1980s and the first batch of houses aren't technically expired yet, I think it's pretty hard to say wha…
Wenzhou had 20-year land leases and originally planned to charge a third of the value as a renewal fee when the first ones began expiring in 2016, but ended up waiving the fee after protests. https://www.mingtiandi.com/real-estate/research-policy/china...
Re: China mortgage boycott data erased by censors as crisis spreads
#59Earlier quoted context omitted.
Links please? I'll have to keep this in my archive for funniest workaround of censorship...
The answer above has been deleted, but this answer is even better. Replace US with China. But to understand it, you need to be familiar of modern Chinese history. https://www.zhihu.com/question/439676867/answer/2559528806 1. The United States has not been fascist until recently, but has been a fascist state since its founding. However, the US has not always been so fascist since its founding, and there was a period o…
>Externally, the US has been eager to strengthen its control over Canada, Mexico and Cuba, the 'backyard' of the US
This is so true. China has either directly invaded or has bad relations with every one of its neighbours. Even the communist ones. Even those seperated by sea. Only reason why this bullying is tolearted is because they are rich now
Re: China mortgage boycott data erased by censors as crisis spreads
#60Earlier quoted context omitted.
Short (?) intro for those who don't know how it works in CN: 1. Local govts are in heavy debt and sell land to pay back their debt. 2. Real estate corps pay a hell lot of money (don't care where they get them) to purchase a land ownership (for 70 years max) from the govt. 3. Before construction even begins, the real estate corps start selling the houses to citizens. 4. Citizens pay up to 40% of the total price on the…
>get it paid back in the NEXT 30 YEARS Why emphasize that? 30 year mortgages are common in the US. At current rates of 5.5%, the total paid in interest will be bigger than the original loan. Of course, most US mortgages are taken out on housing units that actually exist.
~96% of us humans don't live in America, most of us don't have 30 year mortgages.