hans.lawsonhans.lawson

Body language is a very powerful tool. We had body language before we had speech. 80% of what you understand in a conversation is read through the body, not the words

Although relatively new to this line of work, I have been trained by some of the most respected bounty hunters in the country, some of which have been in the industry for decades. A typical bounty hunt for me begins with a call from a bail bondsman. I then go to the bondsman's office and get a power of attorney, which gives me the authority to arrest the suspect on behalf of the bail bondsman. I also collect personal information on the accused, such as social security number, date of birth, etc. To an extent, I believe that in our line of work, we have the advantage over the police because we don't necessarily approach our targets wearing a police uniform and badge – so they ultimately drop their guard and make our jobs a lot easier.

Why 50 Million Chinese Homes are Empty

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By host - hans.lawson
Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said.
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hans.lawson
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hicham.messi
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isn't it ironical that a country that did property collectivization on the most massive scale is seeing their citizens doing home buying on the most massive scale? It's almost as if the"no private property" ideology doesn't work out in reality.
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They are empty because they are not real homes for those who badly need them, they are just speculation items, and speculative bubbles always end badly...
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So basically, China builds houses to increase GDP and for Chinese people to gamble their money, despite the fact that nobody's actually living in these houses. Sounds like a colossal waste of resources and an impeding collapse of a house of cards.
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osborn-bentonaxel-harleykris.wilson
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What makes China's stock market a bad form of investment? You would think if the economy is growing 6% year over year their stock market would be doing well.
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With construction quality not up to snuff, I'd be afraid to live in any of those hastily built condos. I can imagine surviving an earthquake in an old house in Japan but not in a newly built condo in China!
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Now they're starting to buy up houses/condo's in other cities like Vancouver British Columbia, Canada & Seattle Wash. USA, leaving them empty too & creating a lack of housing for locals to buy/rent, forcing people to move further away from where they work. That's why in British Columbia they created a new law called"Empty Housing Tax" If you buy a home & don't live in it, leaving it empty you have to pay a tax that is 1% of the houses value every year. In 2019 the local government is planning to"triple" that percentage."For Sale" signs have been going up lately...LOL !
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I have a friend in Shenzhen, the housing price there like 90000 CNY / m^2 , and he makes 130000 CNY / year income. Deduct living cost he can save like 60000 CNY / year without any other income. This means to buy the 100 m^2 house in Shenzhen which costs 900 0000 CNY without mortgage, he will have to work 150 years without rest ! ! ! That’s insane.
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All those empty apartment building are prepared for later occupation... they will inevitably be filled. think long term...goof
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Cooking the books is not sound finance. Reality says that China is bankrupt! Smart financial people knew this. It is a matter of time it will reminisce Greece bankruptcy.
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The ironic part is that the Chinese also screwed over the housing market in Vancouver.
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