Subject: WGs cause property prices to be too high
  This thread has been closed by sexyloser at 18-5-2024 08:45. 
Kennichi
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Post at 27-5-2010 06:15  Profile P.M. 
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WGs cause property prices to be too high

http://www.atimes.com/atimes/China/LE26Ad01.html

QUOTE:
Prostitutes blamed for property bulge
By Wu Zhong, China Editor

HONG KONG - Prostitution is illegal in China, but the police crackdowns recently launched across the country indicate that the "world's oldest profession" is doing as well as ever. In Beijing, there are reportedly so many xiaojie (mistresses) that state media claim their numbers have driven up housing prices.

After efforts to "physically and spiritually" cleanse Beijing for the 2008 Summer Olympic Games, prostitution has made a big comeback, so much so that municipal police launched a citywide "strike hard" vice crackdown in April entitled "Operation 4.11".

Coincidentally, in line with central government policy, the municipal government has also began taking measures (so far in vain) to bring down the city's skyrocketing housing prices.

The two crackdowns, one on social vices and the other on housing prices, seem unrelated. But a May 14 editorial in the Beijing Evening News, a sister publication of the Beijing Daily - the mouthpiece of the Communist Party's Beijing municipal committee - made an imaginative link between the two.

The article argued that a (downward) turning point in Beijing's property market could be achieved if prostitutes were driven out of the city. Skeptics say the article's flawed reasoning suggests that Beijing authorities are scrambling for a scapegoat for their failure to bring the property market under control.

Looking for cheap scape goats yet again.

Though in HK this might be true with Happy & Maybo buying up swaths of property in HK.




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DArtagnan (unofficial Mayor of the Forum)
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Post at 27-5-2010 09:41  Profile P.M. 
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Reply #1 Kennichi's post

yeah totally idiotic.

If it wasn't for the girls spending the money, that same money would be spent either by the guy or by his wife - creating exactly the same bubble, but without the convenience of being able to blame it on a social outcast ...



Property bubbles aren't created by people earning cash for their time, they are created by bank loans, with the responsibility partly on the shoulders of the optimistic salary-earner and a little more heavily on the shoulders of the bank that wrote the mortgage terms.




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geoduck
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Post at 27-5-2010 13:25  Profile P.M. 
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Ridiculous to link high property prices with prostitution. I do agree however that the number of prostitutes are increasing exponentially. There is more of a need these days for WGs with so much porn freely available on the internet. Most guys exposed to porn would want to give it a try and some, like bros here, treat it as a weekly ritual. In my case, it's more of a every other day ritual.

[ Last edited by  geoduck at 27-5-2010 13:29 ]
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