#property

brainwavelost@nerdpol.ch

#Taiwan, a developed country

Inequality of incomes and personal wealth remains high, as it does in most #capitalist economies. The highest-earning 20% get over six times the income of lowest earning 20%. The top 1% of wealth holders have 25% of all #wealth and the top 1% of income holders get 20% of all income.

Huge #property speculation has led to home prices jumping 50% in the last five years and accelerating, making it impossible for young Taiwanese to find decent accommodation.

The threat of an ‘invasion by China’ is probably the least of the worries of Taiwanese voters, despite the media barrage from the West and from Taiwan’s politicians.

source

nowisthetime@pod.automat.click

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How in the world did the Maui firestorms miss this mysteriously #unscathed #house and #property?!

Yep

https://stateofthenation.co/?p=181068

To me, it looks like the satanists are claiming all the island paradise locations for themselves, to get away from the effects of what they have in mind for the continental locations the remaining humans will be. The oceans are their territory. Maxwell's TerraMar project fits into this somehow. Jessie Czebotar has some very interesting things to say about it in this conversation with Sarah Westall in late 2021.

jalfro@diasp.eu

What is 'negative' freedom?

Imagine a society in which everyone is born with a socially guaranteed right not to be obstructed from their individual right of access to living space and subsistence production on the commons. Imagine, rather than the society of nuclear family households created by the atomizing effects of the modern state and capitalism, most people are born into micro-villages or other co-living units, with a birthright including adequate food and clothing, medical care, etc., in return for performing some minimum of contribution to the extended household’s needs (e.g. doing one’s 15 hours in the co-living project’s gardens and workshops) when capable of doing so. In that case, what right-libertarians dismiss as “positive freedom” would be every bit as much an actual “negative freedom” as the right of a corporate shareholder to receive dividends or participate in corporate governance without interference.

https://c4ss.org/content/58663

#anarchism #mutualism #freedom #property #libertarianism #capitalism #Carson

olladij@diaspora.permutationsofchaos.com

The economic miracle of the People’s Republic had some key features: Ever-rising home prices, surging household #debt, and a real estate sector that broadly contributes to one third of #GDP. Wary of an asset price bubble, #Xi drew three “red lines” last year to restrict financing and force developers to deleverage. A flurry of defaults ensued, including that of #property giant #China Evergrande (3333.HK), forcing bondholders to accept extensions or chase lawsuits. The #revolt on mortgage payments underscores #Beijing’s failure to ensure the losses stop there.
It puts the focus on China’s property buying preferences. New launches are almost always sold before they are built. When heavily indebted developers run out of cash, buyers are left with nothing but a debt obligation. #Evergrande warned of this problem in a letter it wrote in 2020 to local authorities: The company pleaded to be allowed to list a subsidiary to avoid a cash crunch that it said would cause huge financial and social risks, including two million buyers who might #protest over their 600,000-odd unfinished apartments.

https://www.reuters.com/breakingviews/china-property-crisis-enters-dangerous-next-phase-2022-07-14/ #economy #crisis

olladij@diaspora.permutationsofchaos.com

Charlene Chu, famed among #China watchers for warning about a debt bubble when at Fitch Ratings, says that pain is only just beginning for credit extended to Chinese #property.
In the wake of #Beijing’s sweeping crackdown on leverage built up in #realestate, China #Evergrande Group and others have defaulted on a slew of bonds. Chu, a senior analyst at Autonomous Research, a division of Sanford C. Bernstein & Co., estimated that “we have 30 companies who’ve defaulted with total liabilities of around $1 trillion.”
While banks have the safeguard of collateral for their loans to developers, “where things could start to get a lot more ugly” is if lenders start revaluing that collateral lower, Chu said in a June 15 interview with the One Decision podcast.
“We’re just so early in this process of these defaults happening, and restructurings usually take quite a long time,” said Chu, who was known at Fitch for warning in the early 2010s over debt risks in the shadow #banking sector. “We haven’t really gotten to the point of saying, ‘OK, well, what really is going to happen with that building?’”

https://www.bloomberg.com/news/articles/2022-07-07/china-property-slide-early-in-game-after-1-trillion-defaults #finance #crisis #economy

olladij@diaspora.permutationsofchaos.com

We must analyze the ambiguity of our support of #Ukraine with the same cruelty we analyze Russia’s stance. We should reach beyond double standards applied today to the very foundations of European #liberalism. Remember how, in the western liberal tradition, #colonization was often justified in the terms of the rights of working people. John Locke, the great #Enlightenment philosopher and advocate of #humanrights, justified white settlers grabbing land from Native Americans with a strange left-sounding argument against excessive private #property. His premise was that an individual should be allowed to own only as much land as he is able to use productively, not large tracts of land that he is not able to use (and then eventually rents to others). In North #America, as he saw it, Indigenous people were using vast tracts of land mostly just for hunting, and the white settlers who wanted to use it for intense #agriculture had the right to seize it for the benefit of humanity.
In the ongoing Ukraine #crisis, both sides present their acts as something they simply had to do: the west had to help Ukraine remain free and independent; #Russia was compelled to intervene militarily to protect its safety. The latest example: the Russian foreign ministry claiming Russia will be “forced to take retaliatory steps” if #Finland joins #Nato. No, it will not be “forced”, in the same way that Russia was not “forced” to attack Ukraine. This decision appears “forced” only if one accepts the whole set of ideological and geopolitical assumptions that sustain Russian #politics.

https://www.theguardian.com/commentisfree/2022/may/23/we-must-stop-letting-russia-define-the-terms-of-the-ukraine-crisis #war #geopolitics #israel #china #zizek

olladij@diaspora.permutationsofchaos.com

Let’s review the basic points: China is a capitalist country. This is evident in the fact that everyone needs #money to survive and therefore has to depend on “the #economy.” Most of the population is proletarian, which means that they don’t have any control over #production and therefore must work for wages to survive. Only the minority of the population who are extremely rich, called the capitalist class, can instead survive off the profit from their investments, which demonstrates their ownership of production. While this dictatorial ownership is the core feature of capitalist rule, nation-states emerge as the political expression of this social power. The state serves as a necessary means for capitalists to coordinate and compete with one another, but it also helps to maintain the baseline conditions for capitalist society to exist in the first place. This includes #repression ( #police, #prisons, the #military, etc.), the maintenance of a legal system founded on #property rights, and the mobilization of public investment (in #infrastructure, #healthcare, #education, etc.), all involving the creation of a myth of shared “national interests” rooted in “national culture.”
In #China, the capitalist class rules directly through the party-state. Capitalists hold all the leading positions within the communist party and the #government. Similarly, most large capitalists who hold no bureaucratic position are, at minimum, party members. This allows them to be “inside the system,” where they have preferential access to resources (through credit), greater protection from competition with capitalists in other countries (through tariffs and subsidies) and a seat at the table for all the major decisions (through the party infrastructure). Those left “outside the system” are mostly smaller capitalists who have not yet joined the party, rebel capitalists who refuse to submit to the others and/or capitalists more aligned with foreign interests. In reality, the party infrastructure is messy and often violent, since capitalists have competing interests. But even if it were perfectly coordinated and coordinated, enrolling all Chinese capitalists as members, this would still only represent one fraction of the global capitalist class in competition with others.

https://chuangcn.org/2022/03/china-faq-capitalist/ #capitalism #state #ccp #communism #nationalism #japan #southkorea #usa #eu #labour

immoswiss@diaspora-fr.org

☀️ Appartements de 3 et 4 chambres, de plain-pied duplex et triplex | Marbella | 619,300€

L’urbanisation est située dans un cadre naturel, entourée de terrains de golf et à seulement quelques minutes en voiture du centre-ville de Marbella, du quartier animé de Puerto Banús.

Son architecture, aux lignes simples et aux matériaux nobles, se marie avec la ville andalouse traditionnelle de Los Monteros, offrant différents types d’appartements allant de 1 à 4 chambres, avec d’excellentes spécifications et le plus grand soin pour les petits détails.

Des espaces communs conçus pour interagir et se détendre, avec une vue imprenable sur la mer Méditerranée, Gibraltar et l’Afrique.

✅ Réf: IS78791 👉👉 https://immobilier-swiss.ch/property/appartements-de-3-et-4-chambres-de-plain-pied-duplex-et-triplex-marbella/

#PuertoBanús #marbella #costadelsol #immobilier #espagne #appartement #investir #design #architecture #realestate #immobilierswiss #property