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Rising Prices Are Bad, but Plummeting Prices Are Worse: Americans may envy China’s deflation. They shouldn’t (CW: The Atlantic) (archive.ph)
submitted 9 months ago by to c/chapotraphouse@hexbear.net
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Living in China is getting cheaper. Because rents in my neighborhood in central Beijing are dropping, my wife and I pressed our landlord to reduce ours by $140 a month in a new lease that we signed last month. He wasn’t too happy about it, but he’s lucky that we didn’t move out. Given the desperation of local landlords, we probably could’ve saved another $500 a month had we switched to a comparable apartment nearby.

BUT AT WHAT COST?

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[–] 5 points 9 months ago

Sure, it's low hanging fruit though, even if it's an intentionally annoying joke account someone who just heard about Georgism will read that and go ah, ok, moving on. I've got that one in the chamber so it's an easy one but yeah, I'm not getting those ten minutes back.

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