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China mortgage boycott data erased by censors as crisis spreads

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Re: China mortgage boycott data erased by censors as crisis spreads

#231

Post by HWR_14 »

naveen99 wrote: post #80
pessimizer wrote: post #24

Earlier quoted context omitted.

But the boycotts are rational, because even the Chinese government thinks that the developers are overextended and may fail. They seem to be taking the most careful, benign option.

boycotting a mortgage on a secured loan with 40% down is a political statement, not economically rational. The numbers are probably minuscule and the “boycott erase story” is itself mostly political.

> not economically rational

It's perfectly economically rational if your equity is less than zero, which can happen when you put 50% down. It just means your valuation of the asset dropped in half.

Re: China mortgage boycott data erased by censors as crisis spreads

#232

Post by thriftwy »

anarmorarm wrote: post #142
robocat wrote: post #102

Earlier quoted context omitted.

Interesting, and that thread contains some great links. Reformatted: https://threadreaderapp.com/thread/1501360272442896388.html

This deserves to be on the front page. Fantastic read.

Not without stretching the narrative though - he shows the images of Mexican mafia with armoured vechicles and guns and then arches towards calling Russian oligarchs and friends mafia: those don't rely on armoured vechicles and guns but on connections inside the Russian Federation state, making the whole piece somewhat dubious.

Re: China mortgage boycott data erased by censors as crisis spreads

#233

Post by inglor_cz »

Erlangen wrote: post #15

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?…

Interestingly, in Tsarist Russia, the censors allowed the future Soviet dictator Lenin to publish his criticisms of imperialism as long as he didn't mention Russia; he complied by choosing Japan as an example. But everyone involved, including the readers, knew that he really meant to address Russian imperialism.

Technically, the world has changed a lot in the meantime; there wasn't even a public radio service in Tsarist time, and now we have the Internet. But the problem of censorship and various ways to circumvent it seems to be the same as before.

Re: China mortgage boycott data erased by censors as crisis spreads

#234

Post by [deleted] »

Erlangen wrote: post #15

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?…

[deleted]

Re: China mortgage boycott data erased by censors as crisis spreads

#235

Post by [deleted] »

Erlangen wrote: post #15

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?…

[deleted]

Re: China mortgage boycott data erased by censors as crisis spreads

#236

Post by petre »

philliphaydon wrote: post #217
petre wrote: post #198

Earlier quoted context omitted.

Jack Ma is just one example. The CCP went after celebrities more recently. No individual or organisation in China should be allowed to be more popular (or powerful) than the CCP in their view. That's why they went after Falun Gong decades ago - it had more practitioners than the CCP had members.

Ah have to be careful mentioning Falun Gong now. No one seems to understand that until the CCP crackdown it was a harmless group of old people. And after the CCP got worried by the growing numbers that all of a sudden they are a terrorist organization with a bad history and all this bad stuff they believe pops up.

It's just propaganda. The terrorist organisation is the CCP themselves, they're the ones who ordered the terrorization, imprisonment and torture of Falun Gong practitioners and allowed the proliferation of organ harvesting. They're probably doing the same with Uyghurs.

Re: China mortgage boycott data erased by censors as crisis spreads

#237

Post by inglor_cz »

thriftwy wrote: post #232
anarmorarm wrote: post #142

Earlier quoted context omitted.

This deserves to be on the front page. Fantastic read.

Not without stretching the narrative though - he shows the images of Mexican mafia with armoured vechicles and guns and then arches towards calling Russian oligarchs and friends mafia: those don't rely on armoured vechicles and guns but on connections inside the Russian Federation state, making the whole piece somewhat dubious.

From my own writer's experience, finding good images with reasonable licensing is hard. Unless you want to pay significant royalties (which may sink your writing activity to unsustainably deep red numbers) or risk being target of a copyright troll company, you are stuck with free and libre images, which often do not cover exactly what you want to.

Re: China mortgage boycott data erased by censors as crisis spreads

#238

Post by nerdponx »

dylan604 wrote: post #103
theplumber wrote: post #91

Earlier quoted context omitted.

[flagged]

I don't know, I'd be willing to guess that the majority of developers in the US would love to be able to do this very kind of ponzi scheme as accepted and gov't approved business model

It's pretty ironic that a Ponzi scheme centered on bank loans and private land ownership has become an epidemic in a Communist nation.

Re: China mortgage boycott data erased by censors as crisis spreads

#239

Post by inglor_cz »

cowmoo728 wrote: post #120
holografix wrote: post #118

Earlier quoted context omitted.

I guess you haven’t heard about what happened to Jack Ma recently

I see it as they can't control technology and academia without stifling it in the process

The weakest link is the actual application of a discovery in real life.

Brilliant scientists can be apolitical and so isolated from the rest of the society that they don't even realize what's going on. Notably, the Soviet Union produced a lot of excellent results in mathematics and physics.

But when it comes to designing and selling actual products based on the theoretical discoveries, the inefficiency, stupidity and mendacity inherent in the authoritarian systems really comes to the fore and can't be dodged.

Re: China mortgage boycott data erased by censors as crisis spreads

#240

Post by Vespasian »

Beltalowda wrote: post #205
411111111111111 wrote: post #172

Earlier quoted context omitted.

> Musk has a very deep understanding of tech of his companies Like with his white paper for the Hyperloop which was fundamentally wrong and couldn't have worked? Or with his idea of putting Hyperloop segments on.... Wheels? Or with his idea to make the whole rocket reusable, until SpaceX accepted reality and pivoted to at least partial reusability? Or to cite current examples: full self driving that doesn't actively…

Musk has a "I am very smart and thus can never be wrong"-problem, has gravitational bending amounts of arrogance, and seems to have some personality issues. But he's not stupid or ignorant, and has a better understanding of tech than most CEOs. I don't think that's putting him "on a high pedestal".

A few years back a popular claim was that Musk is personally programming features into the Tesla codebase.

Whether that actually happened or not isn't that important but the fact that people thought it was a good thing always struck me as odd. It's really bad if the boss of a multinational company focuses on such minute details and hints at major management failures.

All signs point to him being a very talented businessman and organizer who manages to get a lot of people producing innovative and popular products. It seems like people underestimate just how much of a challenge that is and feel the need to "give" him some more tangible skills.

He has good understanding of the broad strokes of their technology and carries the vision forward but an Engineer-CEO he isn't and shouldn't be.

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