Old article from September 2016, but housing price in China has climbed even higher.
The firm’s research found that only San Jose in the Silicon Valley is more expensive than Shenzhen. The Chinese city has seen prices rise 76 percent since the start of 2015, with the acceleration beginning in April 2015 as the country’s stock market was nearing its peak. The situation in Beijing and Shanghai is similar, albeit less extreme, the company states.
Ask someone in the South (amongst other places in the US) and they will say, “I at least recognize all of these places/names (even Shenzhen), but where is San Jose?”…
They lost the #1 spot over 100 years ago… The US became number one around 1900. It’s difficult to pinpoint the exact year, since the records weren’t as good back then. Most say it’s between 1900 and 1903 that US GDP surpassed them.
I lived in London for a year…Nice place if you are rich. …like most big cities…Ok if you are poor…lots of free shit…Hell on earth, if you are middle class and spend your day commuting
Be careful of envy politics. There are many genocide around the world where the poor who are the majority massacres the elite with the police happens to be not around. You need to give them hope i.e. feed them, cloth them, house them and access to higher education.
In a perfect society very poor person will have a chance to become rich through natural ability or luck. America has already achieved such perfection. So nothing to worry about as long as you’re an American.
I will never live in a big city again…The BA I remember was a bunch of small towns…Now it is a mega city soon to spread to Sacramento …Well headed to become unlivable except for the rich. LA has been that way for 40 years…I love small town living…RWC has that feeling, as long as you don’t have commute or go anywhere out of town…Traffic is killing the BA…
And even though I loved the old BA, I do not miss it…Love small town living on the beach in the mountains. …
Nothing in the BA is as bad as the worst parts of LA…Worst crime in 10 years…LA is a shithole east of the 405…Compared to paradise in Malibu…definitely a third world environment. …Extreme wealth and deadly poverty…just a few miles apart
120,000 gang members …more than the total population all the bad Bay Area towns mentioned
I have a long time friend who lives in South Shields. Yes, it can be pretty depressing. That place has a town hall that looks like a parliament building might in a small country. Built in different times.
The hospital in South Shields is closing; she’ll have to travel to Newcastle if she wants to see a doctor. That will mean skipping at least one meal.