111–120 of 320 posts
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I'm pretty sure large portions of Latin America, Europe, ex-USSR and perhaps India/South East Asia have 30 year mortgages.
No we don’t. You get 5 year fixed, 10 year max. Beyond is prohibitively expensive.
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You are confusing a “30 year mortgage” with a “30 year mortgage”. They sound the same, because they have the same term to repay the principal, but they are completely different because in the USA you usually know your repayments for the next 30 years, but in many other countries the repayments can go up a lot if interest rates rise. In the USA, the usual mortgage has a fixed interest rate for the term of the mortgage…
> confusing a “30 year mortgage” with a “30 year mortgage” No need for confusing naming. You're talking about fixed rate, variable rate and short period fixed rate mortgages.
For example, in Australia and NZ a “fixed rate”[1] mortgage is not the same as what you have called a “fixed rate” mortgage. Australia looks like it offers up to 10 years at a fixed rate on a 30 year mortgage (ANZ? some banks like Westpac only offer 5 years?). Banks in NZ offer up to 5 years, even though they are mostly Ozzie banks. Ozzie banks typically offer something called offset mortgages - that word doesn’t get used in NZ at all AFAIK (instead NZers can apply for a seperate revolving mortgage, I haven’t seen it bundled like in Oz).
What you call “variable rate” is called “floating rate” in New Zealand (and search completion hinted maybe the same for Canada & Singapore).
It is confusing.
[1] https://www.loans.com.au/home-loans/everything-you-need-to-k...
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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.
It’s not about the content, it’s about CONTROL. Control what people can say, share and do. Obviously GitHub is essential an essential tool for modern day programers, and the CCP only needs to give the access to a version of that tool under the control of the CCP.
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30 years are pretty common, but paying for some property that never came out of the blueprint (and seemingly never will) does sound a bit odd..
Preconstruction sells at 30% discount, people gamble with their life savings considering PRC housing prices to income, but flip side is also massive speculative profit if things work out.
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They are trying with https://gitee.com
Off-topic, but their “pretty” design is surely an anti-pattern for attracting developers. (Then I looked at https://github.com/ and it has an inane graphical world that looks like a designer’s folio project too!) Gitee also put the site language choice in the footer - odd choice. Plus some UI bugs on the page. Yuck.
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I'm pretty sure large portions of Latin America, Europe, ex-USSR and perhaps India/South East Asia have 30 year mortgages.
Also Japanese mortgages are 30 years, or even 50 years. But the interest rates are <1% here.
The censoring is so horrible that Chinese are using other country's name to substitute China. For example, there is a question in Zhihu, "Will China become the next technological powerhouse?". The answer is talking about Russia literally, but it's about China. (Below is the answer translated by deepl). I don't want to talk about China, I want to talk about Russia. Can Russia become the next technological powerhouse?…
I know this is supposed to be about China, but is true of Russia and many poorer countries. The elite of the country can siphon money of simple industries like oil and primary industries, but they can't control high tech. Kamil Galeev writes some great threads on this https://twitter.com/kamilkazani/status/1501360272442896388
I know there are enormous profits to be made in China, but I wonder if American investors ever think to themselves ... by investing in this place I am strengthening a regime that ultimately is the enemy of my values.
As we have seen in America, big companies love fascists, because corps stand to monopolize and make tons of money.
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I know this is supposed to be about China, but is true of Russia and many poorer countries. The elite of the country can siphon money of simple industries like oil and primary industries, but they can't control high tech. Kamil Galeev writes some great threads on this https://twitter.com/kamilkazani/status/1501360272442896388
I guess you haven’t heard about what happened to Jack Ma recently