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Gold-Diggers In China Say "show Me The House" - No House? No Car? ... No Marriage

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http://globaleconomicanalysis.blogspot.com/2010/06/gold-diggers-in-china-say-show-me-house.html

Attitudes of Chinese women are one factor helping fuel the housing bubble in China. Increasing numbers of women insist on a new apartment and a new car as a condition of marriage.

The LA Times has more on this interesting story in China's housing boom spells trouble for boyfriends.

Many women won't marry a man who doesn't own a home. This recent shift, along with soaring real estate prices, has created a woefully frustrated class of bachelors.

"A man is not a man if he doesn't own a house," said Chen Xiaomin, director of the Women's Studies Center at the Shanghai University of Political Science and Law. "Marriage is becoming more and more materialistic. This is a huge change in Chinese society. No matter how confident a woman is, she will lose face if her boyfriend or husband doesn't have a house."

Dating websites are now awash with women stipulating that hopefuls must come with a residence (and often a set of wheels) in tow.

"I'm 25 years old, looking for a boyfriend.... I want you to have an apartment and a car.... The apartment has to be built after 2000 and the car has to be better than a minivan," read one post on the popular Chinese Web portal Baidu.

Growing male frustrations have given rise to a new female archetype: the bai jin nu, or gold-digger.

On the wildly popular TV reality program "Don't Bother Me Unless You're Serious," one woman tried to size up a suitor by asking matter-of-factly, "Do you have money?"

The man cut to the chase: "I have three flats in Shanghai."

The hard-boiled bachelorette, Ma Nuo, has gone on to become one of China's most recognizable bai jin nu. Marry for love? Fat chance, said the material girl: "I would rather cry in a BMW than smile on the back of my boyfriend's bicycle."

Chasing the Chinese Dream

The article points out that home prices in major cities including Beijing and Shanghai have easily doubled over the last year. "A typical 1,000-square-foot, two-bedroom, one-bath apartment in the capital now costs about $274,000. That's 22 times the average annual income of a Beijing resident."

China bulls, including Stephen Roach says China's Housing Boom is Not a Bubble; I say "Nonsense"

In China, there are malls, even entire cities that are vacant. A huge percentage of units in China are held for appreciation, never lived in. Yet because there is "demand" for property, Roach claims there is no bubble.

Nonsense.

Ridiculously strong demand is a necessary requirement to produce a bubble. The second requirement is a price increase that exceed the ability of buyers to repay the loans or sell to the next "Greater Fool".

In the US, home prices rose several standard deviations above rental prices and above wages. The same has happened in China. Thus, China's property boom is in a bubble state.

For more on China's property bubble please see 10 Signs of Speculative Mania in China and a followup article, Email from a Chinese on China's Real Estate Bubble.

Love Chinese style.

Amazing how the communists have become materialists.

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well with all the chinese girls that have been killed at birth, the ones that make it to adulthood are in a strong negotiating position, no?

No really, China is filled with prostitutes from all of the poorer regions of Asia, filipinos Mongolians, Thais, Vietnamese, Laotian etc...

Its why I hate staying in hotels in China, you get phoned up repeatedly at night asking if you want a massage. I always end up yanking the phone out of the socket.

In China people have few options the three Fs in life, farming, factories or fornicating (becoming WGs) you should see how many MALE WGs are in HK these days.

Finally ontop of this, many many people are getting wiped out in China too so while they may well be wealthy today they maybe poor tomorrow, and while you maybe a looked after woman it can all change quite quickly!

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Amazing how the communists have become materialists.

Erm I'm sorry but it has always been this way, have a look at my blog for explainations on Chinese weddings, a negotiation takes place in traditional weddings long before the suitors meet and pretty much how much is my daughter worth to you is discussed well before hand.

So nothing has really changed it has just become much more overt and TBH it is going to end up like in Hong Kong, the women in Hong Kong by enlarge are incredibly shallow and materialistic some might say they are princess types (watch in China how men hold the hand bags of their GFs I don't).

The problem is HK men simply don't want HK women anymore as they are incredibly high maintainance, before I realised the rule a GF should make you feel good I dated HK girls and they were soooo needy and whiny.

I have a ton of 30-45 year old cousins and family men in HK who snicker at me when my dad says wife to them, all of the house hold chores can be done with indonesian maids and instead they go fly out to Thailand or take a boat to Macau to get their rocks off.

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Guest Noodle

As many of you know, I made the near fatal (in the literal sense) mistake of marrying . . . :ph34r:

Anyway, we went to the UK to see mother one year. This was a disaster. Popped into Asda and ended up buying new clothes and I hadn't noticed . . . 'GOLD DIGGER' . . . written in bright pink letters all the way down the left leg of the old womans new trousers.

Anyone else get this? Visual and/or audible symbolism of ones train wreck situations?

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More proof towards the adage of Felix Dennis ~ if it ******s flies or fornicates, it always ends up cheaper to rent in the long term. :rolleyes:

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No really, China is filled with prostitutes from all of the poorer regions of Asia, filipinos Mongolians, Thais, Vietnamese, Laotian etc...

Its why I hate staying in hotels in China, you get phoned up repeatedly at night asking if you want a massage. I always end up yanking the phone out of the socket.

Be kind to your c*ck and your c*ck will be kind to you.

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Guest sillybear2

No really, China is filled with prostitutes from all of the poorer regions of Asia, filipinos Mongolians, Thais, Vietnamese, Laotian etc...

Its why I hate staying in hotels in China, you get phoned up repeatedly at night asking if you want a massage. I always end up yanking the phone out of the socket.

Is that a euphemism? :unsure:

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Is that a euphemism? :unsure:

No you just pull the telephone out of its socket. Chinese hotels have gotten smart to this and have them plug into the wall and can't be pulled out though. Beijing 2002 and 2005 I was woken constantly in each hotel offering such services. 2009 I didn't stay in hotels to avoid this.

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Guest sillybear2

No you just pull the telephone out of its socket. Chinese hotels have gotten smart to this and have them plug into the wall and can't be pulled out though. Beijing 2002 and 2005 I was woken constantly in each hotel offering such services. 2009 I didn't stay in hotels to avoid this.

You should have stayed in a bordello instead :P

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As many of you know, I made the near fatal (in the literal sense) mistake of marrying . . . :ph34r:

Anyway, we went to the UK to see mother one year. This was a disaster. Popped into Asda and ended up buying new clothes and I hadn't noticed . . . 'GOLD DIGGER' . . . written in bright pink letters all the way down the left leg of the old womans new trousers.

Anyone else get this? Visual and/or audible symbolism of ones train wreck situations?

I pulled a woman with a 'Porn Star' T shirt. She was rubbish. Turned out she couldn't read, and she'd borrowed the shirt from her mate, who I never met....

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Guest Noodle

I pulled a woman with a 'Porn Star' T shirt. She was rubbish. Turned out she couldn't read, and she'd borrowed the shirt from her mate, who I never met....

:lol::lol:

You know what I mean though? Those black farce moments that sum up a disastrous situation, stick in the mind.

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Guest sillybear2

:lol::lol:

You know what I mean though? Those black farce moments that sum up a disastrous situation, stick in the mind.

I would say the words 'ASDA' are a good sign of an impending train wreck, especially if you were 'greeted' by one of those microphone wielding Walmart wannabe f***wits at the door :angry:

Ahh, I feel better now.

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Guest Noodle

I would say the words 'ASDA' are a good sign of an impending train wreck, especially if you were 'greeted' by one of those microphone wielding Walmart wannabe f***wits at the door :angry:

Ahh, I feel better now.

I can't recommend their Own Brand Yeast Extract enough.

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Guest sillybear2

I can't recommend their Own Brand Yeast Extract enough.

Enough to go behind the lines in enemy territory? Brave man.

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Guest Noodle

Enough to go behind the lines in enemy territory? Brave man.

You need to go in under the cover of darkness, between 1am and 4am.

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Guest sillybear2

You need to go in under the cover of darkness, between 1am and 4am.

Smart move, I'll go commando.

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Guest Noodle

Smart move, I'll go commando.

They sell underpants at very reasonable prices.

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Guest sillybear2

They sell underpants at very reasonable prices.

Do any of them have the words "porn star" or "gold digger" emblazoned on the back?

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Guest Noodle

Do any of them have the words "porn star" or "gold digger" emblazoned on the back?

That was the 2006 spring collection if I recall.

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Guest sillybear2

That was the 2006 spring collection if I recall.

What's the equivalent 2010 version? "Bankrupt" or "I'm hungry"?

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Guest Noodle

What's the equivalent 2010 version? "Bankrupt" or "I'm hungry"?

No, they were only available in brown though.

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Guest Noodle

I have a pair of pants with Ibiza written on them which I had to buy when Iberia lost my luggage.

:rolleyes:

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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