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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 (1 child)

Anyway I enjoyed writing that, which is never a waste of time.

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  • [–] 4 points 9 months ago

    That's true, even if they weren't going to change their mind it still provides good information for other people to read and learn. Georgism is pretty obscure (for a reason) so people might not be too familiar with it (I know I wasn't, it was just one of those "pre-marxist leftist ideas" to me, and that's about all I knew about it)

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